Cost of Living in Smithfield, IL
Population: 169 | Illinois
Smithfield is 22% less expensive than the national average.
Cost of Living in Smithfield, IL: What You Need to Know
With a cost of living index of 78, Smithfield, IL is a very affordable place to live. Living here is 22% cheaper than the national average and in line with the Illinois state average. Smithfield is a small community of 169 residents.
The median household income in Smithfield is $61,250, which is 18% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Smithfield. The area sees an average annual temperature of 52.7°F, with summers averaging 75°F and winters around 29°F. Annual rainfall totals 37.6 inches spread over roughly 117 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $61,250
- vs US Median ($75,149)
- -18%
Housing
- Median Home Value
- $52,000
- Median Monthly Housing Cost
- $575/mo
Climate in Smithfield
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 34 | 39 | 51 | 64 | 74 | 83 | 86 | 85 | 78 | 65 | 51 | 39 |
| Avg °F | 26 | 30 | 41 | 53 | 64 | 73 | 76 | 75 | 67 | 55 | 42 | 31 |
| Low °F | 18 | 21 | 32 | 42 | 53 | 62 | 66 | 64 | 56 | 44 | 33 | 23 |
| Rain" | 2.1 | 2.0 | 2.7 | 4.0 | 4.7 | 3.7 | 3.5 | 3.3 | 3.5 | 3.2 | 2.7 | 2.2 |