Housing costs in Smithfield?
A typical home costs
$63,300, which is 81.3% less expensive than the national average of
$338,100 and 73.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Smithfield costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 46.5% cheaper than the state average of
$1,260.
Can I afford Smithfield?
To live comfortably in Smithfield, Illinois, a minimum annual income of
$12,240 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Smithfield?
The cost of living in Smithfield, IL is generally lower than the national average, making it an attractive place to live. The median home cost in the area is $102,000, significantly lower than the median national cost of $200,000. Additionally, the average monthly rent for a one-bedroom apartment is $542 and groceries are 8% cheaper than the national average. Combined with a lower unemployment rate at 4% and a higher median household income of $71,710, Smithfield is an affordable place to live that offers its residents financial stability.