Suffolk County · New York · Northeast · 24k residents
Smithtown, NY: economy, jobs & business costs
The site-selection read on Smithtown: labor costs, talent, corporate tax, energy, and business activity, with the New York median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,560/wk. New York's corporate income tax rate is 7.25%. Commercial electricity averages 18.8¢/kWh.
Compare Smithtown side by side
Avg. weekly wage
$1,560/wk
Corporate income tax
7.25%
Bachelor's degree or higher
51.2%
Commercial electricity
18.8¢/kWh
Economic momentum
How fast Smithtown's economy is moving, ranked against the US cities we track.
68/100
Heating
Ranks Smithtown's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $704,700 |
| Price per sq. ft. | $300 |
| Property tax rate | 1.6% |
| 1-bedroom rent | $2,020/mo |
| 2-bedroom rent | $2,377/mo |
| State & local income tax | 4.07% |
| Sales tax | 8.5% |
| Corporate income tax | 7.25% |
| Avg. weekly wage | $1,560/wk |
| Bachelor's degree or higher | 51.2% |
| Commercial electricity | 18.8¢/kWh |
| Businesses per 1k residents | 36.6/1k |
| Wage: Software developer | $166,830 |
| Wage: Registered nurse | $119,720 |
| Wage: General manager | $157,000 |
| Wage: Customer service | $49,590 |
| Wage: Warehouse worker | $38,600 |
| Wage: Heavy truck driver | $65,040 |
| Wage: Electrician | $79,020 |
| Wage: Retail salesperson | $38,280 |
| Cost of living index | 139 |
| Groceries index | 108 |
| Utilities | $190/mo |
| Transit pass | $127/mo |
| Gas price | $3.50/gal |
| Healthcare index | 105 |
| Childcare (per child) | $1,400/mo |
| Median household income | $150,664 |
| Unemployment rate | 4.3% |
| Population | 24k |
| Crime index | 40/100 |
| School rating | 6.5/10 |
| Walkability | 30/100 |
| Disaster risk | 97/100 |
| Avg. commute | 33 min |
| Sunny days / year | 180 days |
| July high | 83°F |
| January low | 25°F |
| Annual snowfall | 32 in |
| Home price YoY | +7.4% |
| Home price MoM | +0.3% |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | +1.6% |
| Building permits YoY | -8.6% |
| Ocean coast | 14 mi |
| Big lake | 46 mi |
| Mountains | 100 mi |
| Major airport | 33 mi |
| Ski resort | 107 mi |
Popular comparisons
Nearby
- Hauppauge, NY · 21k
- Kings Park, NY · 17k
- Commack, NY · 37k
- Central Islip, NY · 38k
- Ronkonkoma, NY · 19k
Similar size
- Watertown, NY · 24k
- Dix Hills, NY · 25k
- Medford, NY · 25k
- Kingston, NY · 24k
- Copiague, NY · 23k
Real listings in Smithtown
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Smithtown a good place to run a business?
- New York's corporate income tax rate is 7.25%; average weekly wages in the surrounding labor market run $1,560/wk; commercial electricity averages 18.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Smithtown, NY?
- Smithtown indexes at 139 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,377/mo and a acs median home value of $704,700.
- How much does a house cost in Smithtown?
- The acs median home value in Smithtown is $704,700 (Census ACS estimate; individual listings vary).
- How much is rent in Smithtown?
- A two-bedroom in Smithtown rents for about $2,377/mo.