Cost of Living in Smithfield, RI
Population 22,075 · Rhode Island · Data vintage 2023
(100 = US avg)
Smithfield is a smaller Rhode Island community of around 22000 residents, where median household incomes of $101,653 and housing costs ($409,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 6.2% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Smithfield sits roughly 8 miles northwest of Providence. Median home values run roughly 27% higher than Providence's $323,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Smithfield
The median home value in Smithfield is $408,700 — 34% above the national median of $305,000. Median rent runs $990/month, 25% lower than the national median of $1,314/month. The median household income of $101,653/year is 36% higher than the US median of $74,580. The local unemployment rate is 6.2%, above the national average of 4.8%. Rhode Island's top state income tax rate is 6.0% and the combined sales tax is 7.0%. The climate averages highs of 61.1°F and lows of 43.1°F, with about 36.6" of annual snowfall. Overall, Smithfield has a cost of living index of 111 versus the US average of 100, meaning it is 11% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 38 | 41 | 48 | 59 | 69 | 78 | 84 | 82 | 75 | 64 | 53 | 43 |
| Low °F | 22 | 24 | 30 | 40 | 49 | 59 | 65 | 64 | 57 | 45 | 36 | 28 |
| Precip" | 3.96 | 3.44 | 4.90 | 4.29 | 3.37 | 3.81 | 2.91 | 3.59 | 4.17 | 4.18 | 4.27 | 4.65 |
| Snow" | 10.3 | 10.5 | 6.4 | 0.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 1.0 | 7.6 |
Frequently Asked Questions
What is the cost of living in Smithfield, RI?
Smithfield has a cost index of 111 (100 = national average). It is 11% above the national average.
What is average rent in Smithfield, RI?
The median gross rent in Smithfield is $990 per month based on 2023 Census data.
What is the average home price in Smithfield?
The median home value in Smithfield is $408,700 according to 2023 Census ACS data.
What is the median income in Smithfield?
The median household income in Smithfield is $101,653 per year (2023 ACS 5-year estimates).
What is the sales tax in Smithfield, RI?
The combined state and local sales tax rate in Smithfield is 7.0%. The Rhode Island state income tax top rate is 6.0%.
Is Smithfield, RI affordable?
Smithfield is above average in cost of living, with an index of 111 — about 11% higher than the national average.
What is the weather like in Smithfield?
Smithfield has average high temperatures of 61.1°F and average lows of 43.1°F. Annual precipitation is 47.5". Average annual snowfall is 36.6". Data from NOAA 1991–2020 Climate Normals.
Smithfield at a Glance
- Population
- 22,075
- Median Income
- $101,653
- Home Value
- $408,700
- Median Rent
- $990/mo
- Unemployment
- 6.2%
- Avg High Temp
- 61.1°F
- Sales Tax
- 7.0%
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