The cost of living index in Smithfield, VA, shows a mixed picture compared to the nationwide average. Housing costs are 15% lower, making it more affordable for residents. However, groceries, utilities, transportation, and miscellaneous expenses are slightly above the national average, with increases ranging from 2% to 10%. Healthcare costs align with the national average.
The cost of living in Smithfield, VA, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Smithfield stand at 85, indicating a 15% reduction compared to the national average. This makes housing more affordable for residents and job seekers considering a move to the area.
In addition to housing, other cost categories also show competitive rates. Groceries in Smithfield are priced at 95, which is 5% below the national average. Utilities cost 90, a 10% decrease, while transportation costs are at 92, just 8% below the average. These figures suggest that everyday expenses for food, energy, and commuting are relatively lower in Smithfield compared to the rest of the country. Healthcare costs remain at par with the national average at 100, ensuring that medical expenses do not disproportionately burden residents. Overall, Smithfield offers a cost-effective living environment with a slight edge in affordability.
