Cost of Living in Smithfield, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.5
100 = national avg
-26.5 vs national average
Living Wage (1 Adult)
$32,328
per year
Living Wage (Family of 4)
$76,412
per year
Cost Index by Category
Housing36.0
Food96.8
Transportation93.6
Healthcare97.5
Utilities85.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$708
per month
2 Bedroom
$916
per month
The overall cost of living index in Smithfield is 73.5, which is 26.5% below the national average. Housing costs are below the national average at an index of 36.0. A single adult needs to earn approximately $32,328 per year to cover basic expenses.