Westfield, NY Economy


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Westfield, NY is a small town located in the Finger Lakes region of New York state. The town offers an affordable cost of living with 2 bedroom rental prices at $840, which is significantly lower than the US national average of $1,430. This cost advantage extends to its grocery costs as well with an index score of 97 versus 100 for the US. As a result, Westfield is a great place to live and work with many local companies such as Westfield Farms Dairy, Sarge's Fiddle Shop, and Woodford Hollow Designs setting up businesses here.

Westfield has an unemployment rate of 7.4%. The US average is 6.0%.

Westfield has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.

Tax Rates for Westfield
- The Sales Tax Rate for Westfield is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Westfield is 6.5%. 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 $20,334 a year. The US average is $28,555 a year.
- The Median household income of a Westfield resident is $41,676 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWestfield, New YorkUnited States
  7.46
  -6.9%-6.2%
  12.7%33.5%
  8.0%6.2%
  6.2%4.6%
  $29,309$37,638
  $41,676$69,021
  $76,695$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  6.3%6.8%
  27.8%10.0%
  2.2%2.5%
  4.2%11.0%
  1.3%4.8%
  0.8%0.8%
  0.2%1.9%
  0.4%4.7%
  6.0%1.9%
  3.3%7.6%
  0.0%0.1%
  0.0%4.2%
  9.4%9.3%
  10.9%14.0%
  1.0%2.1%
  4.2%7.0%
  6.6%4.8%
  14.6%4.7%
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