Living in Smithfield, Kentucky
Cost of living, income, home prices, rent and demographics of Smithfield · Census data 2020–2024
Smithfield has 153 residents with a median age of 33.1. The median household income is $49,375 (23% lower than the Kentucky median), the median home value is $171,900, the median rent is $957/month.
Smithfield is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Smithfield at a glance
- Population
- 153
- Median age
- 33.1State: 39.1
- Median household income
- $49,375State: $63,726
- Median home value
- $171,900State: $205,600
- Median rent
- $957/moState: $967
- Homeowners
- 53.3%
- Bachelor's degree or higher
- 2.2%
- Average commute
- 26 min
Is Smithfield a good place to live?
Pros: Home values 16% lower than the state median; unemployment of 2.9%.
Cons: Median household income 23% lower than the Kentucky median; an average commute of 26 minutes; a poverty rate of 17.6%.
The weather is best in May and August to October.
Cost of living in Smithfield
Housing is the biggest part of the cost of living. In Smithfield the median home value is $171,900, 48% lower than the U.S. median. Renters pay a median of $957 per month, which is 22.3% of household income. Homeowners with a mortgage pay $1,292 a month in housing costs.
Smithfield median household income
The median household income in Smithfield is $49,375 and the income per person is $21,282. 17.6% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Smithfield: homes for sale and rent
- Housing units
- 45
- Owner-occupied
- 53.3%
- Renter-occupied
- 46.7%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1951
- Average household size
- 3.40
Smithfield demographics
- Population
- 153
- Median age
- 33.1
- Under 18
- 22.9%
- 65 and older
- 7.2%
- Households
- 45
- Foreign-born
- 0.7%
- Veterans
- 3.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Smithfield ›
Education in Smithfield
2.2% of adults 25 and older in Smithfield have a bachelor's degree or higher (Kentucky: 27.6%), and 1.1% have a graduate or professional degree.
Jobs and commute in Smithfield
- Unemployment rate
- 2.9%State: 4.9%
- Average commute
- 26 minState: 24 min
- Work from home
- 1%
- Drive alone
- 91%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 93.3%
Smithfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Smithfield | 153 | $49,375 | $171,900 | $957 |
| Eminence | 2,724 | $41,734 | $192,600 | $836 |
| New Castle | 1,052 | $43,203 | $154,000 | $764 |
| La Grange | 10,311 | $88,464 | $283,200 | $1,143 |
| Pleasureville | 1,123 | $49,932 | $153,400 | $1,598 |
| Campbellsburg | 1,016 | $54,875 | $162,200 | $917 |
| Buckner | 4,119 | $164,219 | $425,400 | $1,762 |
| Crestwood | 6,356 | $108,046 | $338,200 | $1,188 |
| Shelbyville | 17,668 | $75,610 | $257,100 | $1,033 |
More for people moving to Smithfield
Smithfield ZIP code ›Weather and climate ›Living in Smithfield: FAQ
What is the median household income in Smithfield, KY?
The median household income in Smithfield is $49,375, 23% lower than the Kentucky median of $63,726 (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 $171,900, compared with $205,600 in Kentucky.
How much is rent in Smithfield?
The median gross rent in Smithfield is $957 per month, about 22.3% of household income.
Is Smithfield, KY a good place to live?
Pluses: home values 16% lower than the state median; unemployment of 2.9%. Minuses: median household income 23% lower than the Kentucky median; an average commute of 26 minutes; a poverty rate of 17.6%.
What is the median age in Smithfield?
The median age in Smithfield is 33.1 years (Kentucky: 39.1).
How long is the commute in Smithfield?
The average commute to work in Smithfield is 26 minutes; 1% of workers work from home.
What is the unemployment rate in Smithfield?
The unemployment rate in Smithfield is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Smithfield?
2.2% 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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