Smithfield, ME is a charming town that offers its residents a lot of advantages. The cost of living in Smithfield is quite reasonable, with two-bedroom rents at $930 versus the US average of $1,430 and grocery costs indexed at 105. Additionally, Smithfield is home to many great local companies like Billingslea Construction and Hyperactive Sweepers, as well as some stunning natural attractions such as the Great Works Regional Land Trust. All in all, Smithfield is an attractive place to live for those who are looking for affordable housing and beautiful surroundings!
Smithfield has an unemployment rate of 5.2%. The US average is 6.0%.
Smithfield has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Smithfield
- The Sales Tax Rate for Smithfield is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Smithfield is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Smithfield
- The average income of a Smithfield resident is $25,551 a year. The US average is $28,555 a year.
- The Median household income of a Smithfield resident is $90,417 a year. The US average is $69,021 a year.