Smithfield, RI
Maps & Population Facts
Population
21,611
Population Density
824
Labor Participaton
60.1%
Bachelor's or Higher
35.4%
Median Household Income
$81,010
Median Individual Income
$37,605
Median Individual Income(Full-time Workers Only)
$61,426
Housing Estimates
Median House Value
$276,200
Median Gross Rent
$867
Median Mortgage Payment
$1,826
Housing Units
7,918
People who reside in Smithfield live in:
Detached - Single Family Homes
69%
Apt, Condo, Other
31%
Analysis
Income
Households in Smithfield earn significantly more money than the national median income, averaging 34% higher per household.
Housing
Smithfield has a median house price of $276,200. The cost of homeownership is slightly higher than most areas. The cost of renting in Smithfield is 14% less than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 39% |
| New Construction (Built after 2000) | 8% |
Demographics
The median age in Smithfield is 44. Smithfield has a population that is significantly older than in comparison to the US median age.
Smithfield ranks better than average for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Smithfield | Rhode Island | USA | |
| Median Property Value | 276,200 | 257,800 | 217,600 |
| Median Mortgage Payment | 1,826 | 1,782 | 1,513 |
| Median Gross Rent | 867 | 941 | 1,012 |
| Property Vacancy | 5.1% | 12.7% | 12.6% |
| % Renters | 20% | 39% | 36% |
| Residents per Sq. Mi. | 824 | 1,023 | 93 |
Personal Comparison
| Smithfield | Rhode Island | USA | |
| Median Household Income | 81,010 | 63,870 | 60,336 |
| Median Individual Income | 37,605 | 36,278 | 33,646 |
| Median Income (Full-Time) | 61,426 | 51,286 | 46,881 |
| Median Age | 43.9 | 39.5 | 38.1 |
| Labor Participation | 60.1% | 64.1% | 62.8% |
| Attained College Degree | 35.4% | 33.4% | 32.0% |
Population Density Analysis
Smithfield, RI
824
Residents per Sq. Mile
The population density of Smithfield is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +