Westfield, MN is a small town located in the Southeastern part of Minnesota. With a population estimated to be around 250 people, Westfield is known for its affordable living cost and friendly atmosphere. The 2 bedroom rent in Westfield is $990 which is significantly lower than the national average of $1,430. On top of that, the grocery cost index in Westfield is 96 compared to the US average of 100.
Westfield has several local businesses that are essential to its community such as Maple Creek Farm which offers fresh veggies and locally made products, Maple Forest Gifts for unique gift ideas and crafts from local artists, WestHaven Crafts & Design which creates custom furniture pieces and home decor items handmade from reclaimed wood or metal materials, and Sunshine Spirits for quality wines and spirits.
Westfield has an unemployment rate of 4.9%. The US average is 6.0%.
Westfield has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Westfield
- The Sales Tax Rate for Westfield is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Westfield is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Westfield
- The average income of a Westfield resident is $34,693 a year. The US average is $28,555 a year.
- The Median household income of a Westfield resident is $97,917 a year. The US average is $69,021 a year.