Housing costs in Smithfield township (Monroe County)?
A typical home costs
$375,400, which is 11.0% more expensive than the national average of
$338,100 and 54.6% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Smithfield township (Monroe County) costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 11.0% more than the state average of
$1,210.
Can I afford Smithfield township (Monroe County)?
To live comfortably in Smithfield township (Monroe County), Pennsylvania, a minimum annual income of
$72,000 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Smithfield township (Monroe County)?
The cost of living in Smithfield Township (Monroe County), PA is higher than the US average. According to BestPlaces, the overall cost of living index in Smithfield is 110.7, which is 10.7% higher than the national average. Housing costs are especially expensive, with an index of 130.2 meaning that they are 30.2% more expensive than the US average and significantly above other parts of Pennsylvania. Health care and transportation costs are also slightly higher than the US average but are still relatively affordable compared to housing costs. Groceries, utilities, and miscellaneous expenses are all fairly comparable to national averages as well. All in all, while living in Smithfield can be a bit pricier than elsewhere in Pennsylvania or even the US as a whole, its still quite manageable for most people.