Housing costs in Smithfield?
A typical home costs
$282,200, which is 16.5% less expensive than the national average of
$338,100 and 2.5% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Smithfield costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and close to the state average of
$1,110.
Can I afford Smithfield?
To live comfortably in Smithfield, North Carolina, a minimum annual income of
$54,000 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Smithfield?
The cost of living in Smithfield, NC is generally quite affordable. Although the cost of housing is slightly higher than the national average, overall costs remain well below most metropolitan areas. Goods and services remain competitively priced within Smithfield, which allows residents to pay less than many other areas for necessary items like groceries and gasoline. Utilities are also relatively low in cost when compared to the rest of North Carolina. With its convenient location, Smithfield offers a high quality of life at an affordable price.