Westwood, MI Cost Of Living
Cost Of Living In Westwood, MI Summary
Cost of living in Westwood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Westwood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Westwood is 91, with 100 being the average.
The cost of living index in Westwood is 0.9x lower than the national average.
Westwood ranks as the #75 cheapest in Michigan out of 180.
Westwood ranks as the #1,347 cheapest out of 6,489 in the US.
The median home value in Westwood is $222,627.
The median income in Westwood is $62,408.
Table Of Contents
Westwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Westwood, MI?
According to the most recent data on the cost of living, Westwood has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Michigan, Westwood has a cost of living index that's 1.0x higher than Michigan's index of 90.
The standard of living in Westwood ranks as #75 most affordable out of the 180 places we measured in Michigan. By definition, that implies Westwood ranks as the #105 most expensive place in the Wolverine State.
For more reading on life in Westwood, check out:
In Michigan
In America
Westwood Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Westwood. Here is how it fairs on each of the criteria:
The Services index in Westwood is 92.
The Groceries index in Westwood is 96.
The Health index in Westwood is 93.
The Housing index in Westwood is 81.
The Transportation index in Westwood is 96.
The Utilities index in Westwood is 101.
| Living Expense | Westwood | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 91 | 90 | 100 | |
| Services | 92 | 93 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 93 | 91 | 100 | |
| Housing | 81 | 72 | 100 | |
| Transportation | 96 | 96 | 100 | |
| Utilities | 101 | 99 | 100 | |
Westwood, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Westwood is $222,627.
The Median Rent in Westwood is $1,192.
The Median Income in Westwood is $62,408.
The Home Value To Income in Westwood is 3.6x.
The Rent To Monthly Income in Westwood is 0.23x.
Median Home Value
Median Rent
Median Income
Westwood, MI Costs By Category
Detailed Westwood Services Costs Vs. Michigan
Detailed Westwood Groceries Costs Vs. Michigan
Detailed Westwood Health Costs Vs. Michigan
Detailed Westwood Transportation Costs Vs. Michigan
Detailed Westwood Utilities Costs Vs. Michigan
Westwood SnackAbility
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Cost Of Living In Cities Around Westwood
The cost of living varies in the cities and towns around Westwood. Here's a quick look at the cost of living in the most populous nearby places:
Kalamazoo, MI has a cost of living index of 87, 1.0x Westwood.
Portage, MI has a cost of living index of 94, 1.0x Westwood.
Eastwood, MI has a cost of living index of 82, 0.9x Westwood.
| City | Population | Cost Of Living | Vs. Westwood |
|---|---|---|---|
| Kalamazoo, MI | 73,132 | 87 | 1.0x |
| Portage, MI | 49,015 | 94 | 1.0x |
| Eastwood, MI | 6,704 | 82 | 0.9x |
| Comstock Northwest, MI | 5,190 | 90 | 1.0x |
| Allegan, MI | 5,182 | 86 | 0.9x |
