Cost of Living in Smithville, TX

With a cost of living index of 80, Smithville, TX is a very affordable place to live. Living here is 20% cheaper than the national average and 8% below the Texas state average of 88. Smithville is a small community of 4,032 residents.

Housing costs are the biggest factor in Smithville's cost of living. The median monthly rent is $799 (39% below the US median of $1,319), and the median home value sits at $255,600 (16% below the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Smithville is $56,031, which is 25% lower than the national median of $75,149. Residents spend roughly 17% 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 Smithville. The area sees an average annual temperature of 68.4°F, with summers averaging 84°F and winters around 52°F. Annual rainfall totals 35.6 inches spread over roughly 82 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Austin-Round Rock-San Marcos, TX (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.