Smithfield, NC is an attractive destination for those looking to find a more affordable place to live. The 2 bedroom rent in Smithfield is $1,130 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Smithfield is 95 compared to 100 in the US. Local companies include Smithfield Foods, Evergreen Packaging and Avangrid Renewables. All in all, Smithfield is an affordable city with plenty of job opportunities for those seeking to relocate.
Smithfield has an unemployment rate of 4.1%. The US average is 6.0%.
Smithfield has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 46.3%, which is higher than the US average of 33.5%.
Tax Rates for Smithfield
- The Sales Tax Rate for Smithfield is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Smithfield is 5.5%. 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 $25,021 a year. The US average is $37,638 a year.
- The Median household income of a Smithfield resident is $33,957 a year. The US average is $69,021 a year.