Westfield, Indiana Income Statistics
Westfield Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
A
Westfield Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Westfield | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $117,008 | $71,967 | $80,455 |
| Median Personal Income | $78,047 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.5% | 4.8% |
| Six-Figure Earners | 23.6% | 10.2% | 13.9% |
| $200k+ Households | 21.1% | 8.2% | 13.2% |
The median household income in Westfield is about 63% higher than in Indiana. Income has been growing slower in Westfield (4.1%/yr) than in Indiana (4.5%/yr).
About 24% of adults in Westfield earn six figures ($100,000 or more) a year, higher than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Westfield, Indiana grew by 53.2% from 2009 to 2024, reaching $117,008 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Westfield
| Metric | Westfield | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.511 | 0.534 | 0.552 |
| Male Median Income | $102,261 | $65,086 | $69,667 |
| Female Median Income | $70,141 | $51,220 | $56,850 |
| Gender Pay Gap | 31.4% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Westfield, it is 0.511, lower than Indiana's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 46% more than women's income in Westfield, Indiana. Over a 35-year career, a 46% wage gap accumulates to roughly $1,124,200 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Westfield, Indiana has narrowed from about 33% to 31% in 2024. Over that period the gap was widest at 40% in 2012, and was narrowest at 29% in 2023. In dollar terms, the gap has widened by $11,906 since 2009.
Employment
| Metric | Westfield | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.3% | 5.2% |
| Working from Home | 21.5% | 10.7% | 15.0% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 803 people are unemployed in Westfield, Indiana.
The average commute time in Westfield is 21 minutes, about the same as in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Westfield, Indiana has fallen from 4.2% to 3.2% in 2024. Over that period the rate peaked at 4.4% in 2013 and fell as low as 2.0% in 2020.
Westfield, IN Wealth Compared With Nearby Cities
How Westfield, IN compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Westfield, IN | 44,969 | $117,008 #2/2 | 4.1%/yr #1/2 | 3.2% #2/2 | 0.511 #1/2 |
| Carmel, IN | 101,084 | $142,879 | 4.0%/yr | 2.7% | 0.516 |
Conclusion
Considering all these factors, Westfield, Indiana has an overall wealth index grade of A, making it far better than Indiana, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Westfield, Indiana.
How Rich Is Westfield, Indiana?
Westfield has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $117,008, about 63% higher than the Indiana average of $71,967.
How has median household income changed in Westfield, Indiana?
Between 2009 and 2024, the median household income in Westfield, Indiana rose 53%, from $76,356 to $117,008. Over the same years, income here outpaced Indiana as a whole: +53% against +52%.
What was the median household income in Westfield in 2023?
In 2023, the median household income in Westfield, Indiana was $112,521, up 1% from $111,545 in 2022. The Indiana median that year was $70,115.
What was the median household income in Westfield in 2020?
In 2020, the median household income in Westfield, Indiana was $96,688. By 2024 it had risen 21% to $117,008.
Is Westfield, Indiana a high-income area?
Yes. 24% of adults in Westfield, Indiana earn $100,000 or more a year (about 1 in 4), against 10% (about 1 in 10) in Indiana. 21% of households have a combined income of $200,000 or more, compared with 8% in Indiana.
Is unemployment high in Westfield, Indiana?
Unemployment in Westfield, Indiana is only 3.2%, well below the Indiana rate of 4.3%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Westfield, Indiana?
The Gini coefficient in Westfield is 0.511. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Westfield, Indiana?
Since 2009, the income gap between men and women in Westfield, Indiana has narrowed from about 33% to 31% in 2024. Over that period the gap was widest at 40% in 2012, and was narrowest at 29% in 2023. In dollar terms, the gap has widened by $11,906 since 2009.
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