Housing costs in Smithfield?
A typical home costs
$416,800, which is 23.3% more expensive than the national average of
$338,100 and 3.9% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Smithfield costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and 16.3% cheaper than the state average of
$1,430.
Can I afford Smithfield?
To live comfortably in Smithfield (zip 02917), Rhode Island, a minimum annual income of
$79,920 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Smithfield?
The cost of living in Smithfield, Rhode Island is relatively high compared to the rest of the country. According to Best Places, the median home price in Smithfield is approximately $242,000 which is higher than the national average by 16.7%. Additionally, groceries are more expensive than the national average by 8.6%, and healthcare costs are even higher at 10.2% above average. Despite the high cost of living, Smithfield has some great amenities that make it a desirable place to live including excellent schools, low crime rates, and plenty of dining and entertainment options.