Housing costs in Smithfield?
A typical home costs
$398,600, which is 17.9% more expensive than the national average of
$338,100 and 0.6% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Smithfield costs
$1,250 per month, which is 12.6% cheaper than the national average of
$1,430 and 14.4% cheaper than the state average of
$1,430.
Can I afford Smithfield?
To live comfortably in Smithfield, Rhode Island, a minimum annual income of
$76,320 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Smithfield?
Smithfield, RI is an affordable place to live. The cost of living is 15% lower than the national average and housing costs are 22% lower than the national average. Renters can find comfortable apartments at reasonable prices, while those looking to buy can find great deals on houses in the area. Prices for groceries, gasoline, and other basic necessities are also very reasonable and often much lower than in other parts of the state. Smithfield is a great place for families looking for an affordable lifestyle without sacrificing quality of life.