Housing costs in Smithfield?
A typical home costs
$122,500, which is 63.8% less expensive than the national average of
$338,100 and 46.3% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Smithfield costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 15.5% cheaper than the state average of
$970.
Can I afford Smithfield?
To live comfortably in Smithfield, Nebraska, a minimum annual income of
$23,400 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Smithfield?
Smithfield, NE is known for its low cost of living, which is a major draw for many residents. According to the BestPlaces Bureau, Smithfield's cost of living index sits at 93.2, significantly lower than the national average of 100. This means that overall living costs in Smithfield are 7.8% cheaper than other parts of the country, allowing residents to stretch their incomes further and live comfortably on less. Additionally, the median household income in Smithfield is $49,310 which is nearly $15,000 higher than the national average and helps to offset any additional costs associated with goods or services in the area. With its low cost of living and strong median income, Smithfield is an ideal place for those looking to save money while still enjoying a high quality of life.