Cost of Living in Smithfield, UT
Housing
The housing market plays a significant role in determining the cost of living in Smithfield, UT.
- Housing Index: 108.8 / 100
- Median Home Price is: $420,000
- Average Rent (2 BR Apartment): $1467 per month
- Average Rent (2 BR House): $1595 per month
Considering a move to Smithfield, UT? The housing index indicates it's unmet, as rentals and average rents for 2-bedroom apartments and houses aren't provided. However, the median home price stands at a substantial 420000. This suggests a relatively high entry cost for homebuyers. If considering renting instead, explore local rental markets, as average rents might reveal more affordable options. Cities often offer different amenities and characteristics; assess the local job landscape or lifestyle opportunities to align your move with your financial plans. Overall, deeper research on Smithfield is advisable before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Smithfield, UT.
- Electricity Price: $11.5 USD (median by state)
- Natural Gas Price: $14 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $242 per month
Living in Smithfield, UT could entail higher utility costs. Electricity costs sit at $11.5, while natural gas is priced at $14 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $242 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Smithfield is a financially viable option for your relocation.