C-
12%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
24%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Westfield Massachusetts National
Cost of living112133100
Goods & Services108122100
Groceries101105100
Health care103113100
Housing124165100
Transportation96118100
Utilities127134100

An Overview of Cost of Living in Westfield, MA

Knowing the cost of living in Westfield allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Westfield stands at 112, marking it 12% higher than the national average.

Housing costs are a very significant part of the Westfield cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 24.2% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

What Do Locals Say About the Cost of Living in Westfield?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 7 locals to understand their opinions on the cost of living in Westfield. The results indicated that 0% found it reasonably priced with decreasing prices of goods and services, while 100% viewed it as quite expensive, with increasing prices.

Is Westfield Affordable?

Wondering if Westfield is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Westfield, for example, the median home price is 33.9% higher than what folks pay nationally, and monthly rent is 1.6% higher than the usual rates. Plus, income levels matter too, with Westfield boasting a median household income of $74,456, which is 34.6% higher than the national average.

What Factors can Influence the Cost of Living in Westfield?

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Westfield, the housing index is 24.2% higher than the national average.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Westfield, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 5%.

Where is the Data From?

The Westfield cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Westfield is 16% lower than the Massachusetts average
  • The cost of living in Westfield is 12% higher than the national average
  • Westfield housing is 24% higher than the national average
  • Massachusetts general sales tax is 22% higher than the national average
  • Massachusetts state income tax is 93% higher than the national average

Most Affordable Places to Live in and Around Westfield

See all the best places to live around Westfield

Compare Westfield, MA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$92,768$7,731$2,164$2,783
      Renters$43,071$3,589$1,005$1,292
      A good indicator of the general affordability of housing in Westfield, MA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Westfield, the median monthly income is $92,768 for those who own their own homes. Under the standard rule, that income level would allow for $2,164 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $43,071, per the median income in the area. That would allow for renters to spend up to $1,005 on monthly rental expenses.

      Massachusetts Sales Tax

      State General Sales Tax With Max Surtax
      Massachusetts 6.25% 6.25%

      Massachusetts Income Tax

      State Income Tax (Low) Income Tax (High)
      Massachusetts 5% 9%

      Goods & Services

      Item Westfield National avg. Difference
      Haircut $33.78$24.2639.2%
      Beauty Salon $58.55$45.5628.5%
      Toothpaste $3.65$3.701.5%
      Shampoo $1.42$1.2810.9%
      Movie $12.85$12.135.9%
      Bowling $18.33$18.001.9%

      Groceries

      Item Westfield National avg. Difference
      Ground Beef $6.23$5.846.7%
      Fried Chicken $1.46$1.577.4%
      Milk $4.73$4.671.2%
      Potatoes $4.96$4.930.6%
      Pizza $10.79$12.0910.7%
      Beer $10.49$10.410.8%

      Health Care

      Item Westfield National avg. Difference
      Optometrist $166.22$125.6832.3%
      Doctor $182.50$135.7834.4%
      Dentist $127.00$113.2912.1%
      Ibuprofen $10.89$10.652.2%
      Lipitor $384.88$468.6017.9%

      Housing

      Item Westfield National avg. Difference
      Home Price $247,300.00$184,700.0033.9%
      Avg. Mortgage Payment $2,110.08$2,346.6910.1%
      Apartment Rent $964.00$949.001.6%

      Transportation

      Item Westfield National avg. Difference
      Gasoline $3.34$3.463.4%
      Tire Balancing $71.63$59.9219.5%

      Utilities

      Item Westfield National avg. Difference
      All Electricity $302.09$193.9955.7%
      Phone $185.16$192.253.7%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Springfield, MA153,6771022.1%
      Chester, MA9351044.2%
      Huntington, MA6751054.6%
      Chicopee, MA55,1861055.3%
      Blandford, MA3381055.4%
      Westfield, MA41,30311212.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bremerton, WA41,25812222.2%
      Belleville, IL41,2568515.3%
      Greenacres, FL41,2421055.1%
      Moline, IL41,213909.5%
      Grove City, OH41,394990.7%
      Westfield, MA41,30311212.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.