Cave Spring, VA vs Smithfield, VA

Cave Spring is moderately more affordable than Smithfield, with a 6.1% lower cost of living index. Cave Spring scores 93 compared to 99 for Smithfield, where the US average is 100. This difference means residents of Smithfield can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cave Spring is $1,224/month compared to $1,182/month in Smithfield — a 4% difference. Interestingly, home values tell a different story: while Smithfield has cheaper rent, Cave Spring actually has lower median home values ($296,700 vs $358,100).

Median household income in Cave Spring is $85,314 compared to $110,182 in Smithfield (-22.6%). While Smithfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cave Spring spend roughly 17.2% of their income on rent, more than the 12.9% in Smithfield.