Smithfield, NE Economy


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Smithfield, NE is a small town located in the Midwest region of the United States. It contains a variety of businesses and amenities, including grocery stores, restaurants, banks, gas stations, churches and schools. The cost of renting a two-bedroom apartment in Smithfield is much lower than the national average at $840. Similarly, the Grocery Cost Index is 96 compared to 100 in the US. Notable local companies include Smithfield Paint and Supply Co., an auto parts store; Smithfield Cleaners and Tailors, a dry cleaning service; and Smithfield Dairy Farms Inc., which produces milk products for sale both locally and nationwide. Residents of Smithfield enjoy access to a variety of outdoor recreational activities such as fishing, golfing and hiking.

Smithfield has an unemployment rate of 1.9%. The US average is 6.0%.

Smithfield has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 19.6%, 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 6.8%. 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 $21,966 a year. The US average is $37,638 a year.
- The Median household income of a Smithfield resident is $63,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySmithfield, NebraskaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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