Housing costs in Smithfield?
A typical home costs
$292,200, which is 13.6% less expensive than the national average of
$338,100 and 50.4% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Smithfield costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 3.2% more than the state average of
$920.
Can I afford Smithfield?
To live comfortably in Smithfield, Kentucky, a minimum annual income of
$56,160 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Smithfield?
The cost of living in Smithfield, KY is relatively affordable compared to other cities across the country. According to BestPlaces, the city has a cost of living index of 82.41, which is over 17 points lower than the national average. This means that whether you are looking for housing, food, transportation or entertainment options, you will have access to more options at a better price than other larger cities in the United States. The median home price for Smithfield is around $128,300 and monthly rent averages around $700 for a one bedroom apartment. Grocery costs throughout the area also remain below national averages.