Cost of Living in Westfield, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.1
100 = national avg
-5.9 vs national average
Living Wage (1 Adult)
$41,407
per year
Living Wage (Family of 4)
$97,872
per year
Cost Index by Category
Housing94.0
Food95.9
Transportation91.7
Healthcare96.7
Utilities96.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$772
per month
2 Bedroom
$980
per month
The overall cost of living index in Westfield is 94.1, which is 5.9% below the national average. Housing costs are below the national average at an index of 94.0. A single adult needs to earn approximately $41,407 per year to cover basic expenses.