Lebanon, VA vs Smithfield, VA

The cost of living difference between Lebanon, VA and Smithfield, VA is dramatic. Lebanon is 31.9% cheaper than Smithfield, a gap that translates to thousands of dollars per year in household expenses. Lebanon has a cost index of 68 while Smithfield sits at 99, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Lebanon is $643/month compared to $1,182/month in Smithfield — a 46% difference. Home values follow the same pattern: Lebanon is more affordable at $161,900 median vs $358,100.

Median household income in Lebanon is $57,578 compared to $110,182 in Smithfield (-47.7%). 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 Lebanon spend roughly 13.4% of their income on rent, more than the 12.9% in Smithfield.