Smithfield, NC Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Smithfield, NC Summary

Cost of living in Smithfield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Smithfield is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Smithfield is 89, with 100 being the average.

  • The cost of living index in Smithfield is 0.9x lower than the national average.

  • Smithfield ranks as the #33 cheapest in North Carolina out of 153.

  • Smithfield ranks as the #1,460 cheapest out of 6,412 in the US.

  • The median home value in Smithfield is $165,800.

  • The median income in Smithfield is $33,957.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
89
Smithfield's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Smithfield, NC?

According to the most recent data on the cost of living, Smithfield has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.

Compared to North Carolina, Smithfield has a cost of living index that's 0.9x lower than North Carolina's index of 95.

The standard of living in Smithfield ranks as #33 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Smithfield ranks as the #120 most expensive place in the Tar Heel State.

For more reading on life in Smithfield, check out:

33 out of 153
In North Carolina
1,460 out of 6,412
In America

Smithfield Cost Of Living Vs. North Carolina

Six factors go into calculating the cost of living index in Smithfield. Here is how it fairs on each of the criteria:

  • The Services index in Smithfield is 103.

  • The Groceries index in Smithfield is 89.

  • The Health index in Smithfield is 106.

  • The Housing index in Smithfield is 70.

  • The Transportation index in Smithfield is 95.

  • The Utilities index in Smithfield is 97.

Living Expense Smithfield North Carolina National Average
Overall 89 95 100
Services 103 97 100
Groceries 89 98 100
Health 106 108 100
Housing 70 91 100
Transportation 95 92 100
Utilities 97 95 100
For more reading on cost of living around North Carolina, check out:
Smithfield Cost of Living Vs. NC

Smithfield, NC Housing Cost Breakdown

Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Smithfield is $165,800.

  • The Median Rent in Smithfield is $571.

  • The Median Income in Smithfield is $33,957.

  • The Home Value To Income in Smithfield is 4.9x.

  • The Rent To Monthly Income in Smithfield is 0.2x.

Statistic Smithfield North Carolina United States
Median Home Value $165,800 $197,500 $244,900
Median Rent $571 $988 $1,163
Median Income $33,957 $60,516 $69,021
Home Value To Income 4.9x 3.3x 3.5x
Rent To Monthly Income 0.2x 0.2x 0.2x
Search Homes For Sale In Smithfield, NC
$165,800
Median Home Value
$571
Median Rent
$33,957
Median Income

Smithfield, NC Costs By Category

Detailed Smithfield Services Costs Vs. North Carolina

Item Smithfield North Carolina
Shampoo $0.95 $1.06
Movie $10.04 $10.68
Bowling $17.13 $14.67
Haircut $18.07 $18.62
Beauty Salon $48.42 $39.05

Detailed Smithfield Groceries Costs Vs. North Carolina

Item Smithfield North Carolina
Ground Beef $4.93 $4.22
Fried Chicken $0.97 $1.39
Milk $1.61 $2.05
Potatoes $3.88 $3.29
Pizza $11.04 $10.62
Beer $9.99 $9.38
Toothpaste $2.04 $2.34

Detailed Smithfield Health Costs Vs. North Carolina

Item Smithfield North Carolina
Optometrist $98.89 $108.57
Doctor $145.22 $116.17
Dentist $99.0 $99.13

Detailed Smithfield Transportation Costs Vs. North Carolina

Item Smithfield North Carolina
Gasoline $2.27 $2.22
Tire Balancing $37.07 $50.07

Detailed Smithfield Utilities Costs Vs. North Carolina

Item Smithfield North Carolina
All Electricity $162.8 $167.67
Phone $179.92 $175.64

Smithfield SnackAbility

3
/10
Overall SnackAbility
Jobs
4/10
Housing
5
Affordability
5
Diversity
9.5
Safety
4
Amenities
8
Education
6
Commute
8.5

Cost Of Living In Cities Around Smithfield

The cost of living varies in the cities and towns around Smithfield. Here's a quick look at the cost of living in the most populous nearby places:

  • Raleigh, NC has a cost of living index of 105, 1.2x Smithfield.

  • Cary, NC has a cost of living index of 114, 1.3x Smithfield.

  • Chapel Hill, NC has a cost of living index of 118, 1.3x Smithfield.

City Population Cost Of Living Vs. Smithfield
Raleigh, NC 462,219 105 1.2x
Cary, NC 171,603 114 1.3x
Chapel Hill, NC 60,920 118 1.3x
Apex, NC 58,066 112 1.3x
Wake Forest, NC 46,387 110 1.2x
Holly Springs, NC 40,198 111 1.2x
Garner, NC 30,859 99 1.1x
Morrisville, NC 28,824 107 1.2x
Clayton, NC 25,486 97 1.1x
Carrboro, NC 21,237 111 1.2x

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