Cost of Living in Smithfield
Smithfield's cost of living runs above the national comparison figure, driven by housing costs and a comparatively high local property tax rate.
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Learn moreHousing costs above the national figure, but moderate for Rhode Island
Redfin's median sale price (~$504,698) and Zillow's average value (~$446,579) both run above the ~$408,776 national figure, though more moderate than Rhode Island's coastal Tier A markets.
A comparatively high local property tax rate
Smithfield's $14.53/$1,000 assessed-value rate runs above both national and Rhode Island statewide averages.
Rhode Island's statewide tax structure applies
A flat 7% sales tax (no local add-on) and a graduated income tax topping out at 5.99% apply statewide.
Key takeaways
- Smithfield's housing costs run above the national figure but more moderate than Rhode Island's coastal markets.
- Smithfield's property tax rate runs above both national and Rhode Island statewide averages.
- Rhode Island's statewide 7% sales tax and up-to-5.99% income tax apply with no local relief.
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