Living in Smithfield, Illinois
Cost of living, income, home prices, rent and demographics of Smithfield · Census data 2020–2024
Smithfield has 150 residents with a median age of 39.8. The median household income is $65,000 (22% lower than the Illinois median), the median home value is $58,800.
Smithfield is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Smithfield at a glance
- Population
- 150
- Median age
- 39.8State: 39
- Median household income
- $65,000State: $83,390
- Median home value
- $58,800State: $263,300
- Homeowners
- 90.3%
- Bachelor's degree or higher
- 22.1%
- Average commute
- 38 min
Is Smithfield a good place to live?
Pros: Home values 78% lower than the state median; a poverty rate of 4%.
Cons: Median household income 22% lower than the Illinois median; an average commute of 38 minutes; unemployment of 8.2%.
The weather is best in May–June and August–September.
Cost of living in Smithfield
Housing is the biggest part of the cost of living. In Smithfield the median home value is $58,800, 82% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,375 a month in housing costs.
Smithfield median household income
The median household income in Smithfield is $65,000 and the income per person is $35,984. 4% of residents live below the poverty line (Illinois: 11.8%).
Housing in Smithfield: homes for sale and rent
- Housing units
- 103
- Owner-occupied
- 90.3%
- Renter-occupied
- 9.7%
- Vacant
- 30.1%Includes seasonal homes
- Median year built
- 1943
- Average household size
- 2.08
30.1% of homes are vacant most of the year, a sign that Smithfield has many vacation and second homes.
Smithfield demographics
- Population
- 150
- Median age
- 39.8
- Under 18
- 23.3%
- 65 and older
- 22%
- Households
- 72
- Foreign-born
- 0%
- Veterans
- 3.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Smithfield ›
Education in Smithfield
22.1% of adults 25 and older in Smithfield have a bachelor's degree or higher (Illinois: 37.8%), and 7.7% have a graduate or professional degree.
Jobs and commute in Smithfield
- Unemployment rate
- 8.2%State: 5.8%
- Average commute
- 38 minState: 28 min
- Work from home
- 0%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 80.6%
Smithfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Smithfield | 150 | $65,000 | $58,800 | — |
| Marietta | 132 | $52,500 | $65,000 | — |
| Cuba | 1,004 | $42,375 | $63,900 | $829 |
| Ipava | 487 | $48,698 | $66,300 | $1,055 |
| Lewistown | 1,781 | $54,000 | $102,200 | $599 |
| Table Grove | 306 | $59,000 | $75,500 | $794 |
| Bryant | 160 | $35,000 | $91,400 | $590 |
| Bushnell | 2,677 | $67,518 | $71,900 | $648 |
| St. David | 383 | $54,583 | $65,400 | $1,125 |
More for people moving to Smithfield
Smithfield ZIP code ›Weather and climate ›Living in Smithfield: FAQ
What is the median household income in Smithfield, IL?
The median household income in Smithfield is $65,000, 22% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Smithfield?
The median home value in Smithfield is $58,800, compared with $263,300 in Illinois.
Is Smithfield, IL a good place to live?
Pluses: home values 78% lower than the state median; a poverty rate of 4%. Minuses: median household income 22% lower than the Illinois median; an average commute of 38 minutes; unemployment of 8.2%.
What is the median age in Smithfield?
The median age in Smithfield is 39.8 years (Illinois: 39).
How long is the commute in Smithfield?
The average commute to work in Smithfield is 38 minutes; 0% of workers work from home.
What is the unemployment rate in Smithfield?
The unemployment rate in Smithfield is 8.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Smithfield?
22.1% of adults in Smithfield have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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