What is the median household income in the Town of Smithfield, NY?
The median household income in the Town of Smithfield, NY is $81,250 (±$11,437) a year (2020–2024 American Community Survey).
In the Town of Smithfield, the median household income went from $76,484 in 2015–2019 to $81,250 in 2020–2024 (+6.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $81,250 (±$11,437)
- Median renter income
- $46,429 (±$14,397)
Income in the Town of Smithfield against Madison County, its state and the nation
| Town of Smithfield | Madison County | New York | United States | |
|---|---|---|---|---|
| Median household income | $81,250 (±$11,437) | $75,499 (±$3,230) | $85,974 (±$402) | $80,734 |
| Median renter household income | $46,429 (±$14,397) | $38,295 (±$3,331) | $57,803 (±$395) | $52,966 |
| Median owner household income | $84,750 (±$10,229) | $89,174 (±$3,543) | $114,563 (±$568) | $100,009 |
| Median gross rent | — | $928 (±$25) | $1,621 (±$7) | $1,413 |
In the Town of Smithfield, median household income is not measurably different from Madison County ($75,499).
It is not measurably different from New York ($85,974).
It is not measurably different from the national figure ($80,734).
In Madison County, the Town of Smithfield ranks 4 of 16 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 396 of 999.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $76,484 (±$10,725) | $81,250 (±$11,437) | +6.2% | No measurable change after inflation |
| Median home value | $120,300 (±$11,696) | $161,500 (±$22,043) | +34.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near the Town of Smithfield
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Town of Smithfield | — | $81,250 (±$11,437) | — |
| Town of Stockbridge | 4.0 mi | $76,154 (±$11,660) | Not measurably different |
| Village of Munnsville | 4.0 mi | $77,750 (±$12,804) | Not measurably different |
| Village of Morrisville | 4.7 mi | $50,000 (±$26,779) | Lower |
| Town of Eaton | 5.4 mi | $53,281 (±$11,411) | Lower |
| Town of Fenner | 5.6 mi | $77,750 (±$3,897) | Not measurably different |
| Town of Lincoln | 5.8 mi | $96,100 (±$12,171) | Not measurably different |
| Town of Nelson | 6.8 mi | $82,063 (±$18,202) | Not measurably different |
| Oneida | 7.3 mi | $61,597 (±$5,738) | Lower |
Nearby places with a measurably lower figure: Village of Morrisville, NY ($50,000), Town of Eaton, NY ($53,281), Oneida, NY ($61,597).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Madison County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Town of Cazenovia | $108,250 (±$15,786) |
| 2 | Town of Lincoln | $96,100 (±$12,171) |
| 3 | Town of Nelson | $82,063 (±$18,202) |
| 4 | Town of Smithfield | $81,250 (±$11,437) |
| 5 | Town of Sullivan | $80,948 (±$5,531) |
| 6 | Town of Fenner | $77,750 (±$3,897) |
| 7 | Town of Madison | $76,895 (±$19,664) |
| 8 | Town of Stockbridge | $76,154 (±$11,660) |
| 9 | Town of Lenox | $75,900 (±$8,132) |
| 10 | Town of Hamilton | $75,398 (±$14,439) |
Showing 10 of 16 places in Madison County, ranked from highest to lowest.
A New York town includes the villages and hamlets inside it, so the figures for the Town of Smithfield include them.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Town of Smithfield
What is the median household income in the Town of Smithfield?
The median household income in the Town of Smithfield is $81,250 (±$11,437) a year (2020–2024 American Community Survey).
Have incomes in the Town of Smithfield kept up with inflation?
In the Town of Smithfield, the median household income went from $76,484 in 2015–2019 to $81,250 in 2020–2024 (+6.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in the Town of Smithfield?
The median renting household in the Town of Smithfield, NY earns $46,429 (±$14,397) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Smithfield town, Madison County, New York
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Smithfield town, Madison County, New York
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Smithfield town, Madison County, New York
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Smithfield town, Madison County, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Smithfield town, Madison County, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Smithfield town, Madison County, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Smithfield town, Madison County, New York (county subdivision:67785, in state:36 county:053).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Town of Smithfield at a glance
- Home values in the Town of Smithfield
- Homeowner costs in the Town of Smithfield
- Property taxes in the Town of Smithfield
- Types of homes in the Town of Smithfield
- Bedrooms in the Town of Smithfield
- Age of homes in the Town of Smithfield
- Heating fuel in the Town of Smithfield
- Commute and cars in the Town of Smithfield
- Population growth in the Town of Smithfield
- New York landlord and tenant rules
- Housing across Madison County
- New York places ranked by median household income
- Housing data for every place in New York