Smithfield, NC Cost Of Living
Cost Of Living In Smithfield, NC Summary
Cost of living in Smithfield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Smithfield is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Smithfield is 89, with 100 being the average.
The cost of living index in Smithfield is 0.9x lower than the national average.
Smithfield ranks as the #33 cheapest in North Carolina out of 153.
Smithfield ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Smithfield is $165,800.
The median income in Smithfield is $33,957.
Table Of Contents
Smithfield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Smithfield, NC?
According to the most recent data on the cost of living, Smithfield has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Smithfield has a cost of living index that's 0.9x lower than North Carolina's index of 95.
The standard of living in Smithfield ranks as #33 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Smithfield ranks as the #120 most expensive place in the Tar Heel State.
For more reading on life in Smithfield, check out:
- Living In Smithfield
- Smithfield Crime Report
- Search Homes For Sale In Smithfield, NC
In North Carolina
In America
Smithfield Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Smithfield. Here is how it fairs on each of the criteria:
The Services index in Smithfield is 103.
The Groceries index in Smithfield is 89.
The Health index in Smithfield is 106.
The Housing index in Smithfield is 70.
The Transportation index in Smithfield is 95.
The Utilities index in Smithfield is 97.
| Living Expense | Smithfield | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 89 | 95 | 100 | |
| Services | 103 | 97 | 100 | |
| Groceries | 89 | 98 | 100 | |
| Health | 106 | 108 | 100 | |
| Housing | 70 | 91 | 100 | |
| Transportation | 95 | 92 | 100 | |
| Utilities | 97 | 95 | 100 | |
Smithfield, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Smithfield is $165,800.
The Median Rent in Smithfield is $571.
The Median Income in Smithfield is $33,957.
The Home Value To Income in Smithfield is 4.9x.
The Rent To Monthly Income in Smithfield is 0.2x.
| Statistic | Smithfield | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $165,800 | $197,500 | $244,900 |
| Median Rent | $571 | $988 | $1,163 |
| Median Income | $33,957 | $60,516 | $69,021 |
| Home Value To Income | 4.9x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Smithfield, NC Costs By Category
Detailed Smithfield Services Costs Vs. North Carolina
| Item | Smithfield | North Carolina |
|---|---|---|
| Shampoo | $0.95 | $1.06 |
| Movie | $10.04 | $10.68 |
| Bowling | $17.13 | $14.67 |
| Haircut | $18.07 | $18.62 |
| Beauty Salon | $48.42 | $39.05 |
Detailed Smithfield Groceries Costs Vs. North Carolina
| Item | Smithfield | North Carolina |
|---|---|---|
| Ground Beef | $4.93 | $4.22 |
| Fried Chicken | $0.97 | $1.39 |
| Milk | $1.61 | $2.05 |
| Potatoes | $3.88 | $3.29 |
| Pizza | $11.04 | $10.62 |
| Beer | $9.99 | $9.38 |
| Toothpaste | $2.04 | $2.34 |
Detailed Smithfield Health Costs Vs. North Carolina
| Item | Smithfield | North Carolina |
|---|---|---|
| Optometrist | $98.89 | $108.57 |
| Doctor | $145.22 | $116.17 |
| Dentist | $99.0 | $99.13 |
Detailed Smithfield Transportation Costs Vs. North Carolina
| Item | Smithfield | North Carolina |
|---|---|---|
| Gasoline | $2.27 | $2.22 |
| Tire Balancing | $37.07 | $50.07 |
Detailed Smithfield Utilities Costs Vs. North Carolina
| Item | Smithfield | North Carolina |
|---|---|---|
| All Electricity | $162.8 | $167.67 |
| Phone | $179.92 | $175.64 |
Smithfield SnackAbility
/10
Cost Of Living In Cities Around Smithfield
The cost of living varies in the cities and towns around Smithfield. Here's a quick look at the cost of living in the most populous nearby places:
Raleigh, NC has a cost of living index of 105, 1.2x Smithfield.
Cary, NC has a cost of living index of 114, 1.3x Smithfield.
Chapel Hill, NC has a cost of living index of 118, 1.3x Smithfield.
| City | Population | Cost Of Living | Vs. Smithfield |
|---|---|---|---|
| Raleigh, NC | 462,219 | 105 | 1.2x |
| Cary, NC | 171,603 | 114 | 1.3x |
| Chapel Hill, NC | 60,920 | 118 | 1.3x |
| Apex, NC | 58,066 | 112 | 1.3x |
| Wake Forest, NC | 46,387 | 110 | 1.2x |
| Holly Springs, NC | 40,198 | 111 | 1.2x |
| Garner, NC | 30,859 | 99 | 1.1x |
| Morrisville, NC | 28,824 | 107 | 1.2x |
| Clayton, NC | 25,486 | 97 | 1.1x |
| Carrboro, NC | 21,237 | 111 | 1.2x |
