Zip 46074 (Westfield, IN) Economy


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Westfield, IN is a city located in Hamilton County with a population of approximately 32,000. The average two bedroom rent in Westfield is $1,320 compared to the US average of $1,430. Similarly, the Grocery Cost Index for Westfield is 100 compared to the US average of 100. This means residents can benefit from competitive prices on both rental costs and groceries in the area. For example, local companies like Kroger and Walmart provide competitive prices for food items while companies like Kucera Properties and Five Star Realty are great options for affordable rentals.

Westfield (zip 46074) has an unemployment rate of 3.1%. The US average is 6.0%.

Westfield (zip 46074) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 42.6%, which is higher than the US average of 33.5%.

Tax Rates for Westfield (zip 46074)
- The Sales Tax Rate for Westfield (zip 46074) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Westfield (zip 46074) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Westfield (zip 46074)
- The average income of a Westfield (zip 46074) resident is $48,879 a year. The US average is $37,638 a year.
- The Median household income of a Westfield (zip 46074) resident is $107,556 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWestfield, IndianaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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