Cost of Living in Smithville, OH

With a cost of living index of 76, Smithville, OH is a very affordable place to live. Living here is 24% cheaper than the national average and in line with the Ohio state average. Smithville is a small community of 1,339 residents.

Housing costs are the biggest factor in Smithville's cost of living. The median monthly rent is $953 (28% below the US median of $1,319), and the median home value sits at $186,000 (39% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Smithville is $70,750, which is 6% lower than the national median of $75,149. Residents spend roughly 16% 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.

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.