Cost of Living in Westfield, IN
Population: 51,109 • 2026 Data
$119,598
Median Household Income
+55% vs national
$1,526
Median Monthly Rent
+13% vs national
$391,900
Median Home Value
+16% vs national
2.2%
Unemployment Rate
Housing in Westfield
The median home value in Westfield, IN is $391,900. Monthly rent for a typical unit averages $1,526, while total monthly housing costs (including utilities and insurance) average $1,740.
Rent-to-income ratio: 15.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Westfield, IN is $119,598. The unemployment rate stands at 2.2%, with a labor force of 28,280 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.