Quick facts: Westfield, NJ

Quick Facts

115.2
Cost of Living
above US average
30,539
Population
7.79
Crime Rate per 1000
below US average
$203,235
Median Income
above US average
$1,248,880
Median House Price
above US average
$3659.72
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $203,235.

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Income Needed to Buy

βœ— Stretch
$392k/year
Based on $1,248,880 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $392k vs median $203,235
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Income Needed to Rent

βœ“ Affordable
$157k/year
Based on $3659.72/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($203,235) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Westfield, NJ

Westfield, New Jersey, is a charming suburban town located in Union County, approximately 20 miles southwest of Manhattan. Known for its picturesque downtown area, Westfield features tree-lined streets, a vibrant shopping district, and an array of dining options. The town has a rich history, with many preserved Victorian homes that add to its quaint atmosphere. Westfield boasts excellent public schools, making it a desirable location for families. The town hosts various community events throughout the year, including farmers' markets, outdoor concerts, and holiday celebrations, fostering a strong sense of community among residents. The Westfield train station provides convenient access to New York City via NJ Transit, making it ideal for commuters. Nature enthusiasts can enjoy nearby parks and recreational areas, such as Mindowaskin Park and Tamaques Park, which offer walking trails, sports fields, and playgrounds. Overall, Westfield is a well-rounded town that balances suburban tranquility with proximity to urban amenities, making it an appealing place to live and visit.

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