Smithfield, Rhode Island (02917) is a thriving town with plenty of activities to offer its residents. The local economy is largely based on healthcare and medical services, as well as retail and hospitality. In Smithfield, the cost of rent for a two bedroom apartment averages at $1,230 per month. This is $200 below the average US rent of $1,430 per month. Grocery prices in Smithfield are slightly higher than the national average; however, they remain affordable due to a grocery cost index of 106 versus 100 nationally. Notable employers in Smithfield include South County Hospital, Landmark Medical Center and Stop & Shop Supermarket Company. The area also features popular shopping centers such as Smithfield Crossing Shopping Plaza and TGI Fridays Restaurant & Pub. With its low rent prices and variety of job opportunities available in town, Smithfield is an ideal place to call home.
Smithfield (zip 02917) has an unemployment rate of 6.4%. The US average is 6.0%.
Smithfield (zip 02917) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Smithfield (zip 02917)
- The Sales Tax Rate for Smithfield (zip 02917) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Smithfield (zip 02917) is 3.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Smithfield (zip 02917)
- The average income of a Smithfield (zip 02917) resident is $30,251 a year. The US average is $28,555 a year.
- The Median household income of a Smithfield (zip 02917) resident is $92,440 a year. The US average is $69,021 a year.