| Index | Smithville | Missouri | National |
| Cost of living | 98 | 90 | 100 |
| Groceries | 97 | 96 | 100 |
| Health care | 97 | 97 | 100 |
| Housing | 103 | 77 | 100 |
| Transportation | 96 | 96 | 100 |
| Utilities | 95 | 95 | 100 |
| Lifestyle & Entertainment | 96 | 95 | 100 |
| Household Items | 99 | 97 | 100 |
| Education & Childcare | 95 | 95 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Smithville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Smithville stands at 98, making it 2% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Smithville is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Smithville an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Smithville is 13.7% higher than the national average, while the average monthly rent prices are 22.6% lower than average. The affordability of any location can also be influenced by median income levels. Smithville has a median household income of $122,924, which is 51.1% higher than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Smithville, the utilities index stands at 5.4% lower than the national average.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Smithville, the baseline sales tax rate begins at 4.225%, and income tax rates start at 2%.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
The cost of living estimates displayed for Smithville are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $132,054 | $11,005 | $3,081 | $3,962 |
| Renters | $75,402 | $6,284 | $1,759 | $2,262 |
| State | General Sales Tax | With Max Surtax |
| Missouri | 4.225% | 10.85% |
| State | Income Tax (Low) | Income Tax (High) |
| Missouri | 2% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Mosby, MO | 112 | 82 | 17.8% |
| Ferrelview, MO | 622 | 82 | 18.1% |
| Missouri City, MO | 525 | 84 | 16.3% |
| Edgerton, MO | 668 | 86 | 14.3% |
| Holt, MO | 360 | 88 | 12.3% |
| Smithville, MO | 10,630 | 98 | 1.7% |
| City | Population | Cost of Living Index | National Avg. |
| Reading, OH | 10,626 | 90 | 9.9% |
| Belle Chasse, LA | 10,634 | 113 | 12.9% |
| Fairfield, IA | 10,625 | 87 | 12.5% |
| Vienna, WV | 10,635 | 87 | 12.9% |
| Lincoln Park, NJ | 10,623 | 134 | 33.9% |
| Smithville, MO | 10,630 | 98 | 1.7% |
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