Smithfield, UT

Average · 102

Utah · Population 14,033 · Updated March 2026

$1,206
Median Rent / Month
$90,602
Median Income
$406,300
Median Home Value
$1,285
Owner Costs / Month

Affordability

How far your income goes in Smithfield

16.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Utah

State-level tax rates that affect your costs

4.65%
Income Tax (Top Rate)
6.1%
Sales Tax
0.58%
Property Tax Rate

Estimated Annual Costs

$14,472
Annual Rent
$4,213
State Income Tax
$2,357
Property Tax (est.)

Cost of Living Overview

Smithfield has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), Smithfield residents can expect to pay median rent of $1,206/month while earning a median household income of $90,602/year.

The median home value in Smithfield, UT is $406,300, with typical monthly owner costs around $1,285 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Utah has a moderate income tax rate of 4.65%. Combined with a 6.1% sales tax rate and 0.58% effective property tax rate, the overall tax environment is a factor in the total cost of living in Smithfield.

Frequently Asked Questions

Common questions about living costs in Smithfield

What is the cost of living in Smithfield, UT?
The cost of living index in Smithfield, UT is 102 (US average = 100). Median monthly rent is $1,206, median household income is $90,602/year, and the median home value is $406,300.
Is Smithfield, UT affordable?
No, Smithfield is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 16.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Smithfield, UT?
The median gross rent in Smithfield, UT is $1,206 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,472.
What is the median household income in Smithfield?
The median household income in Smithfield, UT is $90,602 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Utah?
Utah has a top income tax rate of 4.65%, a sales tax of 6.1%, and an effective property tax rate of 0.58%.