Retirement Lists

Cost of Living in Smithfield, Virginia

Smithfield, Virginia
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Smithfield cost of living

Can a Smithfield budget absorb a car, housing, care, and a coastal home?

The catalog estimates $3,472 per month for a local lifestyle, $4,322 for a couple, $5,012 for a traveler, and $3,189 for an expat reference. The published components include one bedroom rent of $1,512, two bedroom rent of $1,149, groceries of $460, utilities of $259, transportation of $1,064, and healthcare of $436. Transportation is a major part of the household picture, so a low rent quote is only one part of the full cost of living in Smithfield.

The two housing references should be treated as comparison anchors rather than a promise about a specific listing. Ask about rent, deposits, utilities, parking, insurance, age of the building, pet rules, flood exposure, and the drive to food and care. For owners, the catalog labels property taxes Moderate and lists a 0.80 percent effective rate, $2,991 in median real estate taxes paid, and a $374,900 median home value. Add flood and wind coverage, cooling, trees, roof, drainage, and upkeep.

Smithfield's internet field is 333.45 Mbps, but the car label is Required and transportation is listed at $1,064. Price fuel, tires, repairs, registration, insurance, airport rides, regional care, family visits, parking, and a backup ride. A downtown home may shorten some trips while an address outside the center may trade lower housing pressure for more driving.

Planning a monthly budget

A local monthly estimate of $3,472 gives you the starting point, with housing taking the largest share.

Housing
$1,512
Utilities
$259
Food
$460/mo
Transportation
$1,064/mo
Healthcare
$436

How the total can change

A traveler style stay, a couple household, and long term rent answer different planning questions.

Comfortable Living
$5,012

Moderate

Cost of Living for Couple
$4,322

Very Good

Typical 1BR Rent
$1,512

Very Good

Everyday expenses

Dining, transportation, taxes, and car needs can change how the monthly budget feels.

Dining Out
$227/mo

Excellent

Need for a Car
Required
Property Taxes
Moderate

Fair

Overall Feel
Moderate
Residents 65+ Below Poverty Level
6.9%
65+ Householder — Renter Occupied
9.4%
65+ Households With High Housing Costs
43.7%
Median Household Income, Householder 65+
$65,688

Could Smithfield fit your monthly retirement budget?

Compare your monthly budget with a city estimate. Add your expected housing amount when you have a more useful number.

A monthly estimate for the other household size is not available here.

Housing

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Starting renter estimates

Use these broad monthly estimates as a starting point, then replace them with costs you know.

Two people
$4,322 per month

Two-person estimate breakdown

Housing
$1,149
Food
$791
Transportation
$1,575
Healthcare
$807

Taxes, debt, insurance, out-of-pocket care, travel, and one-time moving costs may not be included.

Smithfield in everyday life

Could Smithfield work for you?

What may work well

  • The budget includes a real small town housing and services base, with strong internet and local food, library, parks, and hospital anchors.
  • Moderate property tax labeling and a $374,900 median home value provide a starting point for owner comparisons, subject to the exact parcel and insurance.
  • Airport access, Hampton Roads connections, four pharmacies, and local hospital care can reduce some regional planning costs.

What to think about

  • Required car use and $1,064 transportation spending can offset a housing advantage, especially for regional care, family, and airport trips.
  • Flood and wind coverage, cooling, drainage, trees, roof work, and power backup can change the owner budget substantially.
  • The two bedroom housing reference is lower than the one bedroom reference, so actual local listings deserve a direct comparison before a move.

Price a Smithfield retirement address

  1. Collect housing documents

    Request the lease or purchase price, tax bill, insurance, flood and wind coverage, utility history, roof age, drainage information, parking terms, and maintenance responsibilities.

  2. Count every car trip

    Add fuel, repairs, tires, registration, insurance, parking, airport rides, hospital visits, groceries, family trips, and a second ride for bad weather or recovery.

  3. Build a storm reserve

    Budget for cooling, trees, roof, gutters, drainage, power, water damage, prescriptions, care travel, and the higher cost of replacing a service after a storm.

Questions retirees ask

What monthly budget should I plan for Smithfield?

The catalog estimates $3,472 per month for a local lifestyle and $4,322 for a couple. Use those as starting references, then add the exact housing, taxes, insurance, cooling, car, prescriptions, maintenance, flood coverage, and regional care costs.

Is housing inexpensive in Smithfield?

The catalog lists one bedroom rent at $1,512 and two bedroom rent at $1,149, but these are not a substitute for current listings. Compare actual rent or purchase costs, utilities, parking, taxes, insurance, flood exposure, and the drive to daily needs.

Why does transportation matter so much in Smithfield?

The catalog marks car use Required and lists transportation at $1,064. Hospital visits, groceries, airport travel, regional referrals, family trips, weather, and homes outside the historic center can all require dependable driving.

Smithfield can fit a careful retirement budget when the household prices the full address: housing, taxes, insurance, cooling, flood and wind coverage, car ownership, care, prescriptions, maintenance, and the cost of reaching family or a regional referral center.

Sources

The budget value gives a starting point for everyday spending. Housing, healthcare, safety, and climate can change what feels comfortable for a household.

Housing mix, exchange rates, healthcare needs, car ownership, and travel style can move a real monthly budget materially.

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