What is the cost of living in Smithfield, VA?
According to the most recent data on the cost of living, Smithfield has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Virginia, Smithfield has a cost of living index that's 1.0x higher than Virginia's index of 112.
The standard of living in Smithfield ranks as #71 most affordable out of the 188 places we measured in Virginia. By definition, that implies Smithfield ranks as the #117 most expensive place in the Old Dominion.
For more reading on life in Smithfield, check out:
Smithfield Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Smithfield. Here is how it fares on each of the criteria:
The Services index in Smithfield is 104.
The Groceries index in Smithfield is 105.
The Health index in Smithfield is 146.
The Housing index in Smithfield is 107.
The Transportation index in Smithfield is 109.
The Utilities index in Smithfield is 106.
| Living Expense | Smithfield | Virginia | National Average |
|---|---|---|---|
| Overall | 116 | 112 | 100 |
| Services | 104 | 103 | 100 |
| Groceries | 105 | 104 | 100 |
| Health | 146 | 131 | 100 |
| Housing | 107 | 105 | 100 |
| Transportation | 109 | 105 | 100 |
| Utilities | 106 | 104 | 100 |
Smithfield Cost Of Living Compared To Virginia Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Virginia, check out:
Protect your home budget Compare home warranties in Smithfield Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Smithfield, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Smithfield is $393,349.
The Median Rent in Smithfield is $1,195.
The Median Income in Smithfield is $113,158.
The Home Value To Income in Smithfield is 3.5x.
The Rent To Monthly Income in Smithfield is 0.13x.
| Statistic | Smithfield | Virginia | United States |
|---|---|---|---|
| Median Home Value | $393,349 | $412,467 | $332,700 |
| Median Rent | $1,195 | $1,579 | $1,413 |
| Median Income | $113,158 | $93,170 | $80,734 |
| Home Value To Income | 3.5x | 4.4x | 4.1x |
| Rent To Monthly Income | 0.13x | 0.2x | 0.21x |
Smithfield, VA Costs By Category
Detailed Smithfield Services costs vs. Virginia
| Item | Smithfield | Virginia |
|---|---|---|
| Shampoo | $1.26 | $1.28 |
| Movie | $13.31 | $12.13 |
| Bowling | $24.17 | $18 |
| Haircut | $20.0 | $24.26 |
| Beauty Salon | $54.17 | $45.56 |
Detailed Smithfield Groceries costs vs. Virginia
| Item | Smithfield | Virginia |
|---|---|---|
| Ground Beef | $5.54 | $5.84 |
| Fried Chicken | $1.44 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $5.27 | $4.93 |
| Pizza | $12.72 | $12.09 |
| Beer | $10.64 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Smithfield Health costs vs. Virginia
| Item | Smithfield | Virginia |
|---|---|---|
| Optometrist | $95.44 | $125.68 |
| Doctor | $122.83 | $135.78 |
| Dentist | $109.67 | $113.29 |
Detailed Smithfield Transportation costs vs. Virginia
| Item | Smithfield | Virginia |
|---|---|---|
| Gasoline | $3.27 | $3.46 |
| Tire Balancing | $60.0 | $59.92 |
Detailed Smithfield Utilities costs vs. Virginia
| Item | Smithfield | Virginia |
|---|---|---|
| All Electricity | $227.22 | $193.99 |
| Phone | $185.33 | $192.25 |
Smithfield SnackAbility
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:
Virginia Beach, VA has a cost of living index of 118, 1.0x Smithfield.
Chesapeake, VA has a cost of living index of 117, 1.0x Smithfield.
Norfolk, VA has a cost of living index of 109, 0.9x Smithfield.
| City | Population | Cost Of Living | Vs. Smithfield |
|---|---|---|---|
| Virginia Beach, VA | 456,349 | 118 | 1.0x |
| Chesapeake, VA | 252,583 | 117 | 1.0x |
| Norfolk, VA | 233,596 | 109 | 0.9x |
| Newport News, VA | 184,216 | 103 | 0.9x |
| Hampton, VA | 137,557 | 107 | 0.9x |
| Suffolk, VA | 98,796 | 116 | 1.0x |
| Portsmouth, VA | 97,190 | 104 | 0.9x |
| Colonial Heights, VA | 18,352 | 104 | 0.9x |
| Poquoson, VA | 12,639 | 125 | 1.1x |
| Gloucester Point, VA | 11,109 | 110 | 0.9x |
