Smithfield, WV is a great place to live due to its affordability. The average rent for a two bedroom apartment in Smithfield is $650, which is significantly lower than the national average of $1,430. Additionally, grocery costs are also lower in Smithfiled with an index of 96 compared to 100 in the US, making it easier on the wallet. \nSmithfield is home to many businesses and attractions such as Walmart, Kroger, Lowe’s Home Improvement and New River Pottery. The city also has plenty of outdoor activities including parks like Hodam Park and Low Gap Park which offer great playgrounds for children. You can also take trips down the nearby New River Gorge National River or go hiking on Babcock State Park trails. There are plenty of sights and sounds to explore around Smithfield!
Smithfield has an unemployment rate of 8.3%. 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 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Smithfield
- The Sales Tax Rate for Smithfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Smithfield is 6.5%. 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 $7,727 a year. The US average is $28,555 a year.
- The Median household income of a Smithfield resident is $14,205 a year. The US average is $69,021 a year.