Westfield, IN vs. Greenwood, IN: Cost of Living Comparison (2025)
This article provides a cost of living comparison: Westfield vs Greenwood. It is perfect for families relocating, professionals choosing between job offers, or anyone comparing the real-life cost of Westfield vs Greenwood in 2025.
Many assume Greenwood is more affordable than Westfield given its slightly older housing stock. But when you dig into the numbers, the truth may surprise you.
1. Housing Costs
Housing is often the biggest factor in cost of living. Here’s how typical rents and mortgage payments compare:
| Housing Type | Westfield | Greenwood |
|---|---|---|
| 2BR Apartment Rent | $1,450 | $1,350 |
| 3BR Home Mortgage | $1,850 | $1,950 |
🏆 Winner: Westfield. While apartment rents are comparable, buying a home is more affordable in Westfield, with median prices around $50,000 lower than Greenwood.
Wondering if you can afford to live in Westfield? Check out our monthly budget guide for a full breakdown.
2. Utilities and Energy Costs
Utility costs are fairly similar between the two cities. Expect to pay around:
- $120/month for electricity
- $50/month for water
- $80/month for natural gas (higher in winter)
🏆 Winner: Tie. No significant difference in utility costs.
3. Groceries and Daily Expenses
Grocery prices are nearly identical in Westfield and Greenwood. A gallon of milk averages $3.50 in both cities, with other staples similarly priced.
Eating out is also comparable, with a mid-range dinner for two around $50-60 in either suburb.
🏆 Winner: Tie. Day-to-day expenses are very close.
4. Taxes and Fees
Property taxes are slightly lower in Westfield at 0.85% vs Greenwood’s 0.95% rate. For a $300,000 home, that’s a $300/year difference.
Both cities have similar miscellaneous fees for services like trash and recycling (around $20/month).
🏆 Winner: Westfield. Lower property taxes give Westfield a slight edge.
5. Cost Summary Table
| Category | Westfield | Greenwood |
|---|---|---|
| Housing (3BR Home) | $1,850 | $1,950 |
| Utilities | $250 | $250 |
| Groceries | $500 | $500 |
| Transportation | $200 | $200 |
| Taxes & Fees | $450 | $475 |
| Misc | $250 | $250 |
| Estimated Monthly Total | $3,500 | $3,625 |
For a full look at your potential expenses, read our cost of living guide for Westfield.
6. Lifestyle Fit
Westfield offers slightly newer homes and more open space, while Greenwood provides better walkability and a shorter commute to Indianapolis.
Greenwood averages 5°F warmer in summer than Westfield. But both have similar Midwestern climates.
7. FAQ
Q: Is Westfield more affordable than Greenwood?
A: Yes, Westfield has a lower overall cost of living, primarily due to cheaper housing.
Q: Which city has lower rent?
A: Apartment rents are very similar in Westfield and Greenwood, with Greenwood averaging about $100/month less.
Q: Where is it cheaper to buy a home?
A: Westfield has lower median home prices and slightly lower property taxes, making it more affordable for homebuyers.
8. Conclusion
While Westfield and Greenwood have similar costs in many categories, Westfield comes out ahead for overall affordability – especially for those looking to purchase a home.
Budget-conscious families will likely find Westfield the better fit, while those prioritizing walkability or a quicker commute may prefer Greenwood despite the slightly higher cost.
Considering other Indianapolis suburbs? Check out our cost of living comparison for nearby Fishers.
And if you’re planning a move, read our guide on whether moving pods or trucks are the better choice for you.