Westfield, IA is an affordable small town located in western Iowa. The average two bedroom rent for this area is only $800 compared to the US national average at $1,430. This makes Westfield an ideal location for people looking to live on a budget. In terms of groceries, the cost index in Westfield is 94 versus the US baseline of 100, making groceries even more affordable here than other places. The local economy in Westfield is centered around agricultural businesses like Whittier Grain Company as well as industrial businesses like IFI Industries and Midwest Concrete Products. The residents of Westfield enjoy peaceful living with friendly neighbors and a strong sense of community spirit — given its affordability it's no wonder why this town continues to grow.
Westfield has an unemployment rate of 3.1%. The US average is 6.0%.
Westfield has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Westfield
- The Sales Tax Rate for Westfield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Westfield is 9.0%. 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 $17,671 a year. The US average is $28,555 a year.
- The Median household income of a Westfield resident is $51,500 a year. The US average is $69,021 a year.