Zip 51062 (Westfield, IA) Cost of Living


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with insight into cost of living, crime, climate, and more.
How much do I need to live in Westfield, Iowa?
$4,830 / month
for a family, 10.6% less expensive than the national average A total of $57,960 for the year for a family.
$2,233 / month
for a single person, 53.2% less expensive than the national average A total of $26,800 for the year for a single person.

Westfield cost of living score
79.3
Less expensive
20.7% lower
than the US average
1.0% lower
than the Iowa average
Westfield (zip 51062), Iowa gets a BestPlaces Cost of Living score of 79.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.7% lower than the U.S. average and 1.0% higher than the average for Iowa.

Zip 51062 (Westfield, IA)

Housing costs in Westfield?
A typical home costs $302,700, which is 10.5% less expensive than the national average of $338,100 and 55.3% more expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in Westfield costs $810 per month, which is 12.9% cheaper than the national average of $930 and 14.8% cheaper than the state average of $930.

Can I afford Westfield?
To live comfortably in Westfield (zip 51062), Iowa, a minimum annual income of $57,960 for a family, and $26,800 for a single person is recommended.

What does A.I. say about Westfield?
The cost of living in 51062 Westfield, IA is relatively low compared to the national average. As of December 2020, the estimated median household income in 51062 Westfield, IA was $53,746. The median home value there is about $77,980 and the median rent per month for a one-bedroom apartment is $507. The overall cost of basic necessities such as groceries and health care are lower than the national average; however, transportation costs are slightly higher due to the rural location of this small town. Additionally, utility costs in 51062 Westfield are very affordable. All in all, 51062 Westfield remains an affordable place to live with reasonable housing costs and low other living expenses.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWestfieldIowaUnited States
    Unlock80.1100.0
  94.3  Unlock100.0
    Unlock108.2100.0
  47.0  Unlock100.0
    Unlock$194,900$338,100
  88.3  Unlock100.0
    Unlock71.4100.0
  100.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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