51062 Westfield, IA is a small rural town with a population of just over 400. Despite its size, the town is home to several local businesses including the Grand Valley General Store and the Grand Valley Cafe. The cost of living in Westfield is well below the national average with 2 bedroom rent averaging $810 compared to $1,430 in the US. Groceries also cost less in Westfield than in most places with a grocery cost index of 94 versus 100 in the US. This makes Westfield an attractive destination for those seeking an affordable place to live without sacrificing access to necessary amenities.
Westfield (zip 51062) has an unemployment rate of 3.1%. The US average is 6.0%.
Westfield (zip 51062) has seen the job market decrease by -6.1% 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 (zip 51062)
- The Sales Tax Rate for Westfield (zip 51062) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Westfield (zip 51062) 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 (zip 51062)
- The average income of a Westfield (zip 51062) resident is $32,760 a year. The US average is $37,638 a year.
- The Median household income of a Westfield (zip 51062) resident is $32,938 a year. The US average is $69,021 a year.