Cost of Living in Westfield, NJ
Population: 30,760 • 2026 Data
$212,700
Median Household Income
+175% vs national
$2,211
Median Monthly Rent
+64% vs national
$930,500
Median Home Value
+174% vs national
3.5%
Unemployment Rate
Housing in Westfield
The median home value in Westfield, NJ is $930,500. Monthly rent for a typical unit averages $2,211, while total monthly housing costs (including utilities and insurance) average $3,260.
Rent-to-income ratio: 12.5%. 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, NJ is $212,700. The unemployment rate stands at 3.5%, with a labor force of 15,392 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.