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Nichols, IA vs Westfield, IA

61
Nichols
Iowa
VS
-17.8%
75
Westfield
Iowa

There is a significant gap in the cost of living between these two cities. Nichols is 17.8% cheaper than Westfield. With a cost index of 61 vs 75, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Nichols to Westfield should plan for substantially higher expenses across most categories.

On the housing front, median rent in Nichols is $638/month compared to $1,146/month in Westfield — a 44% difference. Interestingly, home values tell a different story: while Nichols has cheaper rent, Westfield actually has lower median home values ($97,500 vs $119,800).

Median household income in Nichols is $87,500 compared to $60,000 in Westfield (+45.8%). Nichols offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Nichols spend roughly 8.7% of their income on rent, less than the 22.9% in Westfield.

Climate-wise, both cities share similar average temperatures (51°F vs 48.4°F). Nichols receives more rainfall at 35.7" per year compared to 29.3" in Westfield.

Income & Cost

Cost of Living Index
Nichols
61
18% cheaper
Westfield
75
Median Household Income
Nichols
$87,500
31% higher
Westfield
$60,000

Housing

Median Rent
Nichols
$638
44% cheaper
Westfield
$1,146
Median Home Value
Nichols
$119,800
Westfield
$97,500
19% cheaper
Population
Nichols
393
Westfield
133

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Nichols $2.96
Westfield
US $3.07
🥚
Eggs (grade A, large)
Nichols $2.42
Westfield
US $2.50
🥛
Milk (whole)
Nichols $3.89
Westfield
US $4.03
🍞
Bread (white)
Nichols $1.79
Westfield
US $1.85
🍗
Chicken breast
Nichols $4.00
Westfield
US $4.14
Electricity
Nichols $0.17
Westfield
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Nichols 51°F
Westfield 48.4°F
Summer High
Nichols 86°F
Westfield 85°F
Winter Low
Nichols 15°F
Westfield 10°F
Rainfall
Nichols 35.7"
Westfield 29.3"
Rainy Days
Nichols 115d
Westfield 102d