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 increase by 0.3% 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 $17,811 a year. The US average is $28,555 a year.
- The Median household income of a Smithfield resident is $63,333 a year. The US average is $69,021 a year.