Cost of Living in Smithfield, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.0
100 = national avg
-14.0 vs national average
Living Wage (1 Adult)
$37,860
per year
Living Wage (Family of 4)
$89,487
per year
Cost Index by Category
Housing20.0
Transportation246.8
Utilities76.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$714
per month
2 Bedroom
$937
per month
The overall cost of living index in Smithfield is 86.0, which is 14.0% below the national average. Housing costs are below the national average at an index of 20.0. A single adult needs to earn approximately $37,860 per year to cover basic expenses.