Cost of Living in Smithfield, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.4
100 = national avg
-10.6 vs national average
Living Wage (1 Adult)
$39,356
per year
Living Wage (Family of 4)
$93,023
per year
Cost Index by Category
Housing90.8
Food88.0
Transportation99.6
Healthcare90.4
Utilities91.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,047
per month
2 Bedroom
$1,272
per month
The overall cost of living index in Smithfield is 89.4, which is 10.6% below the national average. Housing costs are below the national average at an index of 90.8. A single adult needs to earn approximately $39,356 per year to cover basic expenses.