Cost of Living in Smithfield, VA
Population 8,729 · Virginia · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Smithfield a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $358,000.
Geographically, Smithfield sits roughly 9 miles southwest of Newport News. Median home values run roughly 47% higher than Newport News' $243,000.
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 $358,100 — 17% above the national median of $305,000. Median rent runs $1,182/month, 10% lower than the national median of $1,314/month. The median household income of $110,182/year is 48% higher than the US median of $74,580. The local unemployment rate is 3.3%, below the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 69.5°F and lows of 49.5°F. Overall, Smithfield has a cost of living index of 106 versus the US average of 100, meaning it is 6% more expensive.
Smithfield has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 | 49 | 53 | 59 | 70 | 77 | 85 | 88 | 87 | 81 | 71 | 61 | 53 |
| Low °F | 31 | 32 | 38 | 47 | 56 | 65 | 70 | 68 | 63 | 51 | 40 | 34 |
| Precip" | 3.05 | 2.58 | 3.35 | 3.08 | 3.66 | 4.07 | 4.69 | 5.36 | 4.95 | 4.16 | 3.00 | 3.19 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Smithfield, VA?
Smithfield has a cost index of 106 (100 = national average). It is 6% above the national average.
What is average rent in Smithfield, VA?
The median gross rent in Smithfield is $1,182 per month based on 2023 Census data.
What is the average home price in Smithfield?
The median home value in Smithfield is $358,100 according to Zillow and Census data.
What is the median income in Smithfield?
The median household income in Smithfield is $110,182 per year (2023 ACS 5-year estimates).
What is the sales tax in Smithfield, VA?
The combined state and local sales tax rate in Smithfield is 5.6%. The Virginia state income tax top rate is 5.8%.
Is Smithfield, VA affordable?
Smithfield is near the national average in terms of cost of living, with an index of 106 (100 = US average).
What is the weather like in Smithfield?
Smithfield has average high temperatures of 69.5°F and average lows of 49.5°F. Annual precipitation is 45.1". Data from NOAA 1991–2020 Climate Normals.
Smithfield at a Glance
- Population
- 8,729
- Median Income
- $110,182
- Home Value
- $358,100
- Median Rent
- $1,182/mo
- Unemployment
- 3.3%
- Avg High Temp
- 69.5°F
- Sales Tax
- 5.6%
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Virginia Rankings
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