Cost of Living in North Smithfield
North Smithfield's cost of living reflects Rhode Island's own real, statewide elevated tax and housing picture, disclosed here with North Smithfield's own specific figures.
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Learn moreHousing carries a real, disclosed two-source spread
One 2024-dated estimate cited a median home value of $514,626, while a second source cited $457,400 -- both above the roughly $408,776 national median this project uses consistently (base record).
A real, town-specific property tax rate
North Smithfield's own FY2026 residential tax rate ran $11.499 per $1,000 of assessed value, with a typical annual bill in the $4,000-$6,500 range (base record).
Rhode Island's real, statewide 7% sales tax and graduated income tax apply
A flat 7% sales tax with no local add-ons, and a graduated income tax topping out at 5.99% (2026), both apply in North Smithfield as statewide (base record).
A real, favorable homeowners-insurance picture
Rhode Island's own statewide homeowners-insurance average ($1,932-$2,196/year) runs genuinely below the national average, though no North-Smithfield-specific figure was confirmed this pass (base record).
Key takeaways
- Housing costs run above the national median across both cited sources for North Smithfield.
- North Smithfield's own FY2026 property tax rate is $11.499 per $1,000 of assessed value.
- Rhode Island's statewide 7% sales tax and 5.99% top income tax rate both apply in North Smithfield.
- Rhode Island's statewide homeowners-insurance average runs below the national average.
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