Cost of Living in Smithfield, NE
Population: 115 | Nebraska
Smithfield is 14% less expensive than the national average.
Cost of Living in Smithfield, NE: What You Need to Know
With a cost of living index of 86, Smithfield, NE is a very affordable place to live. Living here is 14% cheaper than the national average and 14% above the Nebraska state average of 72. Smithfield is a small community of 115 residents.
The median household income in Smithfield is $49,583, which is 34% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 52.2°F, with summers averaging 75°F and winters around 30°F. Annual rainfall totals 20.1 inches spread over roughly 79 days.
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
- $49,583
- vs US Median ($75,149)
- -34%
Housing
- Median Rent
- $963/mo
- Median Monthly Housing Cost
- $921/mo
Climate in Smithfield
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 41 | 45 | 56 | 65 | 75 | 86 | 91 | 89 | 81 | 68 | 53 | 42 |
| Avg °F | 29 | 32 | 42 | 51 | 61 | 72 | 78 | 75 | 66 | 53 | 39 | 30 |
| Low °F | 16 | 19 | 27 | 36 | 48 | 58 | 64 | 62 | 52 | 38 | 25 | 17 |
| Rain" | 0.3 | 0.4 | 0.9 | 1.8 | 3.1 | 3.1 | 3.3 | 3.1 | 1.6 | 1.4 | 0.6 | 0.4 |