Living in Smithfield, Maine
Cost of living, income, home prices, rent and demographics of Smithfield · Census data 2020–2024
Smithfield has 856 residents with a median age of 55.8. The median household income is $107,917 (44% higher than the Maine median), the median home value is $242,800, the median rent is $1,109/month.
Smithfield is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Smithfield at a glance
- Population
- 856
- Median age
- 55.8State: 44.8
- Median household income
- $107,917State: $74,733
- Median home value
- $242,800State: $296,600
- Median rent
- $1,109/moState: $1,139
- Homeowners
- 88.9%
- Bachelor's degree or higher
- 34.7%
- Average commute
- 33 min
Is Smithfield a good place to live?
Pros: Median household income 44% higher than the Maine median; home values 18% lower than the state median; a poverty rate of 5.8%.
Cons: An average commute of 33 minutes; unemployment of 5.3%.
The weather is best in June to September.
Cost of living in Smithfield
Housing is the biggest part of the cost of living. In Smithfield the median home value is $242,800, 27% lower than the U.S. median. Renters pay a median of $1,109 per month, which is 22.5% of household income. Homeowners with a mortgage pay $1,644 a month in housing costs.
Smithfield median household income
The median household income in Smithfield is $107,917 and the income per person is $55,791. 5.8% of residents live below the poverty line (Maine: 10.7%).
Housing in Smithfield: homes for sale and rent
- Housing units
- 683
- Owner-occupied
- 88.9%
- Renter-occupied
- 11.1%
- Vacant
- 39.5%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.07
39.5% of homes are vacant most of the year, a sign that Smithfield has many vacation and second homes.
Smithfield demographics
- Population
- 856
- Median age
- 55.8
- Under 18
- 10%
- 65 and older
- 29.7%
- Households
- 413
- Foreign-born
- 1.2%
- Veterans
- 13.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Smithfield ›
Education in Smithfield
34.7% of adults 25 and older in Smithfield have a bachelor's degree or higher (Maine: 36.2%), and 9.6% have a graduate or professional degree.
Jobs and commute in Smithfield
- Unemployment rate
- 5.3%State: 3.8%
- Average commute
- 33 minState: 25 min
- Work from home
- 22%
- Drive alone
- 64.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.9%
Smithfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Smithfield | 856 | $107,917 | $242,800 | $1,109 |
| Mercer | 718 | $71,107 | $238,500 | $1,422 |
| Oakland | 6,309 | $77,813 | $236,000 | $939 |
| Norridgewock | 3,288 | $61,579 | $151,900 | $1,063 |
| Fairfield | 6,519 | $64,101 | $164,300 | $1,001 |
| Rome | 1,215 | $77,639 | $329,300 | $1,150 |
| Belgrade | 3,351 | $88,338 | $312,200 | $857 |
| Waterville | 17,077 | $53,580 | $184,600 | $978 |
| New Sharon | 1,550 | $63,889 | $171,200 | $961 |
More for people moving to Smithfield
Smithfield ZIP code ›Weather and climate ›Living in Smithfield: FAQ
What is the median household income in Smithfield, ME?
The median household income in Smithfield is $107,917, 44% higher than the Maine median of $74,733 (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 $242,800, compared with $296,600 in Maine.
How much is rent in Smithfield?
The median gross rent in Smithfield is $1,109 per month, about 22.5% of household income.
Is Smithfield, ME a good place to live?
Pluses: median household income 44% higher than the Maine median; home values 18% lower than the state median; a poverty rate of 5.8%. Minuses: an average commute of 33 minutes; unemployment of 5.3%.
What is the median age in Smithfield?
The median age in Smithfield is 55.8 years (Maine: 44.8).
How long is the commute in Smithfield?
The average commute to work in Smithfield is 33 minutes; 22% of workers work from home.
What is the unemployment rate in Smithfield?
The unemployment rate in Smithfield is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Smithfield?
34.7% 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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