Cost of Living in Smithfield, WV

A+
22%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
62%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Smithfield West Virginia National
Cost of living7885100
Goods & Services9595100
Groceries9698100
Health care9297100
Housing3862100
Transportation9494100
Utilities9496100
New Real Estate Listings in Smithfield Area
Search
Search Homes for Sale in Smithfield, WV
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in Smithfield is 9% lower than the West Virginia average
  • The cost of living in Smithfield is 22% lower than the national average
  • Smithfield housing is 62% lower than the national average
  • West Virginia general sales tax is 18% higher than the national average
  • West Virginia state income tax is 16% higher than the national average

Most Affordable Places to Live in and Around Smithfield

See all the best places to live around Smithfield

Compare Smithfield, WV Cost of Living

      vs
      How would you rate the cost of living in Smithfield?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Smithfield?
      Write a review to give others more information about this area.
      See all Smithfield poll results

      The best places in West Virginia

      Here are the best places to live in West VirginiaSafest States In The USMost Dangerous Cities In The USCheck out the 10 most dangerous cities in West Virginia

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$0$0$0$0
      Renters$9,659$805$225$290

      West Virginia Sales Tax

      State General Sales Tax With Max Surtax
      West Virginia 6% 7%

      West Virginia Income Tax

      State Income Tax (Low) Income Tax (High)
      West Virginia 3% 6.5%

      Goods & Services

      Item Smithfield National avg. Difference
      Haircut $29.44$24.2621.4%
      Beauty Salon $49.17$45.567.9%
      Toothpaste $3.80$3.702.6%
      Shampoo $1.15$1.2810.5%
      Movie $10.26$12.1315.4%
      Bowling $17.17$18.004.6%

      Groceries

      Item Smithfield National avg. Difference
      Ground Beef $5.63$5.843.5%
      Fried Chicken $1.35$1.5714.2%
      Milk $4.56$4.672.4%
      Potatoes $5.49$4.9311.3%
      Pizza $11.17$12.097.6%
      Beer $10.15$10.412.5%

      Health Care

      Item Smithfield National avg. Difference
      Optometrist $126.67$125.680.8%
      Doctor $137.65$135.781.4%
      Dentist $100.44$113.2911.3%
      Ibuprofen $10.20$10.654.3%
      Lipitor $375.63$468.6019.8%

      Housing

      Item Smithfield National avg. Difference
      Home Price $79,300.00$184,700.0057.1%
      Avg. Mortgage Payment $1,880.59$2,346.6919.9%
      Apartment Rent $243.00$949.0074.4%

      Transportation

      Item Smithfield National avg. Difference
      Gasoline $3.46$3.460.1%
      Tire Balancing $47.54$59.9220.7%

      Utilities

      Item Smithfield National avg. Difference
      All Electricity $178.61$193.997.9%
      Phone $185.45$192.253.5%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Wolf Summit, WV123955.2%
      Spelter, WV233955.2%
      Littleton, WV184955.2%
      Wallace, WV309955.2%
      Gypsy, WV162955.2%
      Smithfield, WV1697822.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Vernon, AZ1691032.8%
      Farmington, CA16911414.2%
      Sisquoc, CA16912626.3%
      Castalia, IA1697623.8%
      Admire, KS169972.9%
      Smithfield, WV1697822.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2024