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Finance

Want To Live in One of These Bustling Midwest Suburbs? Here’s the Salary You Need

Last updated: May 3, 2025 8:00 pm
Oliver James
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Want To Live in One of These Bustling Midwest Suburbs? Here’s the Salary You Need
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GOBankingRates recently conducted a study to find the fastest-growing suburbs in America and the cost of living in each. Among the top 50 cities, just four Midwest suburbs made the list (Texas towns dominated).

Contents
Westfield, IndianaAvon, IndianaOtsego, MinnesotaHamtramck, Michigan

Find Out: What Salary Single People Need To Live Comfortably in 100 Major US Cities

Learn More: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too

Two of the places were suburbs of Indianapolis, with growth of over 30% between 2018 and 2023. See the salary you need to make it in these bustling Midwestern suburbs.

Coy St. Clair / Shutterstock.com
Coy St. Clair / Shutterstock.com

Westfield, Indiana

  • Suburb of: Indianapolis

  • Population increase %: 35.3%

  • Income needed to live comfortably: $112,482

  • Household median income: $119,598

  • Total cost of living annually: $56,241

  • Average home value: $464,949

Also See: The Living Wage a Family of 4 Needs in All 50 States

Find More: The Salary Needed To Afford America’s 50 Biggest Cities

Trending Now: Suze Orman’s Secret to a Wealthy Retirement–Have You Made This Money Move?

Ron and Patty Thomas / Getty Images
Ron and Patty Thomas / Getty Images

Avon, Indiana

  • Suburb of: Indianapolis

  • Population increase %: 32.1%

  • Income needed to live comfortably: $97,404

  • Household median income: $97,589

  • Total cost of living annually: $48,702

  • Average home value: $352,278

Discover More: Here’s How Much the Definition of Middle Class Has Changed in the South

jimkruger / Getty Images
jimkruger / Getty Images

Otsego, Minnesota

  • Suburb of: Minneapolis

  • Population increase %: 31.9%

  • Income needed to live comfortably: $105,007

  • Household median income: $127,219

  • Total cost of living annually: $52,503

  • Average home value: $410,617

DenisTangneyJr / iStock.com
DenisTangneyJr / iStock.com

Hamtramck, Michigan

  • Suburb of: Detroit

  • Population increase %: 26.8%

  • Income needed to live comfortably: $76,618

  • Household median income: $40,103

  • Total cost of living annually: $38,309

  • Average home value: $161,629

Editor’s note: Photos are for representational purposes only and might not reflect the exact locations/items listed.

Methodology: For this study, GOBankingRates found suburbs with 2023 populations between 20,000 and 100,000. Metro areas with at least 1 million people were kept for this study. GOBankingRates then found total population for 2023, total population for 2018 and household median income from the U.S. Census American Community Survey. The percentage change in population from 2018 to 2023 was then calculated. The highest percentage changes were selected to represent the fastest-growing suburbs. The cost of living was sourced from Sperling’s BestPlaces and include the grocery, healthcare, housing, utilities, transportation and miscellaneous indexes. Using data fom the Bureau of Labor Statistics Consumer Expenditure Survey, the average expenditure cost for each location was calculated. The average home value was sourced from Zillow Home Value Index for February 2025 and average mortgage was calculated using Federal Reserve Economic Data. Cost of living then was calculated. All data was collected on and is up to date as of March 24, 2025.

More From GOBankingRates

  • 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025

  • 4 Things You Should Do if You Want To Retire Early

  • 7 Wealth-Building Shortcuts Proven To Add $1K to Your Wallet This Month

  • 5 Things You Must Do When Your Savings Reach $50,000

This article originally appeared on GOBankingRates.com: Want To Live in One of These Bustling Midwest Suburbs? Here’s the Salary You Need

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