Housing costs in Smithfield?
A typical home costs
$331,300, which is 2.0% less expensive than the national average of
$338,100 and 3.5% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Smithfield costs
$1,260 per month, which is 11.9% cheaper than the national average of
$1,430 and 11.1% cheaper than the state average of
$1,400.
Can I afford Smithfield?
To live comfortably in Smithfield, Virginia, a minimum annual income of
$63,360 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Smithfield?
Smithfield, VA is a relatively affordable place to live. The cost of living index is 10% lower than the US average, with housing costs being the biggest factor. Rent for an apartment here is about 15% less than it is in other parts of Virginia and only slightly higher than the national average. Groceries and healthcare are also cheaper compared to other parts of the state, making it a great option for those looking to save money without sacrificing quality of life.