Living in Smithfield, Virginia
Cost of living, income, home prices, rent and demographics of Smithfield · Census data 2020–2024
Smithfield has 8,834 residents with a median age of 46.3. The median household income is $113,158 (21% higher than the Virginia median), the median home value is $374,900, the median rent is $1,195/month.
Smithfield at a glance
- Population
- 8,834
- Median age
- 46.3State: 39
- Median household income
- $113,158State: $93,170
- Median home value
- $374,900State: $383,700
- Median rent
- $1,195/moState: $1,579
- Homeowners
- 82.3%
- Bachelor's degree or higher
- 36.9%
- Average commute
- 28 min
Is Smithfield a good place to live?
Pros: Median household income 21% higher than the Virginia median; home values about the same as the state median; unemployment of 2.5%; a poverty rate of 5.4%.
Cons: An average commute of 28 minutes.
The weather is best in April–May and September–October.
Cost of living in Smithfield
Housing is the biggest part of the cost of living. In Smithfield the median home value is $374,900, 13% higher than the U.S. median. Renters pay a median of $1,195 per month, which is 31.6% of household income. Homeowners with a mortgage pay $2,317 a month in housing costs.
Smithfield median household income
The median household income in Smithfield is $113,158 and the income per person is $58,166. 5.4% of residents live below the poverty line (Virginia: 9.9%).
Housing in Smithfield: homes for sale and rent
- Housing units
- 3,766
- Owner-occupied
- 82.3%
- Renter-occupied
- 17.7%
- Vacant
- 4.8%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.43
Smithfield demographics
- Population
- 8,834
- Median age
- 46.3
- Under 18
- 18.3%
- 65 and older
- 18.6%
- Households
- 3,584
- Foreign-born
- 3.1%
- Veterans
- 18%Adults 18+
Hispanic or Latino can be of any race. Population history of Smithfield ›
Education in Smithfield
36.9% of adults 25 and older in Smithfield have a bachelor's degree or higher (Virginia: 42.2%), and 13.8% have a graduate or professional degree.
Jobs and commute in Smithfield
- Unemployment rate
- 2.5%State: 4.3%
- Average commute
- 28 minState: 27 min
- Work from home
- 15.2%
- Drive alone
- 74.2%
- Public transit
- 0.1%
- Walk to work
- 2.2%
- Homes with broadband
- 84.7%
Smithfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Smithfield | 8,834 | $113,158 | $374,900 | $1,195 |
| Benns Church | 1,813 | $56,151 | $338,800 | — |
| Carrollton | 8,436 | $110,956 | $423,900 | $1,789 |
| Rushmere | 1,033 | $73,750 | $350,000 | $875 |
| Newport News | 184,216 | $69,634 | $260,600 | $1,339 |
| Windsor | 2,852 | $68,661 | $280,800 | $950 |
| Bethel Manor | 4,393 | $77,294 | — | $2,121 |
| Portsmouth | 97,190 | $60,491 | $246,900 | $1,300 |
| Ivor | 301 | $61,250 | $194,500 | $1,063 |
More for people moving to Smithfield
Smithfield ZIP code ›Weather and climate ›Living in Smithfield: FAQ
What is the median household income in Smithfield, VA?
The median household income in Smithfield is $113,158, 21% higher than the Virginia median of $93,170 (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 $374,900, compared with $383,700 in Virginia.
How much is rent in Smithfield?
The median gross rent in Smithfield is $1,195 per month, about 31.6% of household income.
Is Smithfield, VA a good place to live?
Pluses: median household income 21% higher than the Virginia median; home values about the same as the state median; unemployment of 2.5%; a poverty rate of 5.4%. Minuses: an average commute of 28 minutes.
What is the median age in Smithfield?
The median age in Smithfield is 46.3 years (Virginia: 39).
How long is the commute in Smithfield?
The average commute to work in Smithfield is 28 minutes; 15.2% of workers work from home.
What is the unemployment rate in Smithfield?
The unemployment rate in Smithfield is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Smithfield?
36.9% 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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