Cost of Living in Westwood, IA

With a cost of living index of 93, Westwood, IA is slightly more affordable than average. Living here is 7% cheaper than the national average and 22% above the Iowa state average of 71. Westwood is a small community of 104 residents.

The median household income in Westwood is $117,083, which is 56% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Westwood. The area sees an average annual temperature of 51.9°F, with summers averaging 74°F and winters around 28°F. Annual rainfall totals 37.9 inches spread over roughly 114 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Iowa City, IA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.