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retire

Finding the Best Places to Retire Since 2006!

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Retire in Smithfield, Virginia?

Overview:  Incorporated in 1752, charming Smithfield is in the Hampton Roads region of southeastern Virginia. It is on the Pagan River and is known for its beautiful 18th-century Colonial, Federal, Georgian and Victorian architecture.

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In fact, the nationally recognized downtown has more than 70 historic structures, including the Old Courthouse of 1750 and St. Luke's Church, and many house antique shops, galleries and eateries. Much shopping, though, takes place in neighboring Chesapeake or Newport News. Smithfield is also the corporate headquarters of Fortune 500 company Smithfield Foods, the world's largest pork producer. This company employs nearly a third of Smithfield's residents and sits in the center of town. It plays a big role in Smithfield life, donating money for many community projects. Pig statues line the main street, and pictures of happy pigs adorn many Smithfield buildings and billboards.

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There are some nice waterfront and golf communities. Church Square is a cozy 55+ attached home community. Residents enjoy a scenic riverfront walking path, sailing on the river and events such as the Olden Days Festival. The Smithfield Little Theatre is the community theater.

Population: 8,400 (city proper)

Percentage of Population Age 45 or Better:  37%

Cost of Living: 5% above the national average

Median Home Price: $220,000

Climate: Smithfield has warm, humid climate.  Summer temperatures are in the 80s and 90s.  Winters are mild with temperatures in the 30s, 40s and 50s.  

Public Transit:   Yes, provided by Hampton Roads Transit, but it is limited.

Crime Rate:   Below the national average

At Least One Hospital Accepts Medicare Patients?    No, but the Riverside Regional Medical Center 10 miles outside of Smithfield accepts Medicare patients. 

At Least One Hospital Accredited by Joint Commission?  No, but the Riverside Regional Medical Center 10 miles outside of Smithfield is accredited by the Joint Commission. 

Political Leanings: Conservative

Notes:  Smithfield is a quaint town and has a nice reputation, although some people think it has been overbuilt.  It has grown by 75% in the last decade.  

Is Virginia Considered Tax Friendly for Retirement?     Somewhat

Cons:   None, although the town will suffer if Smithfield Foods ever moves its headquarters.

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Recommended as a Retirement Spot?   Yes

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Virginia:

The Commonwealth of Virginia is on the southern Atlantic coast. Nicknames include Old Dominion and Mother of Presidents (eight American presidents were born here). The motto for the state is Sic Semper Tyrannis, meaning Thus Always to Tyrants. This motto is on both the state's seal (designed in 1776) and the state's flag (first used in the 1830s).

The Virginia Company established the Colony of Virginia and Jamestown in 1607. The state was one of the Thirteen Colonies during the American Revolution and joined the Confederacy during the Civil War. Richmond was even named the Confederate capital. Today, the Virginia General Assembly is the oldest continuous legislative body in the Western world.

Western Virginia has a distictly rural, southern feeling while eastern Virgina is home to military installations and northern Virginia is where many Washington, D.C. lobbyists and government workers live.

The Blue Ridge Mountains, Chesapeake Bay, the Shenandoah Valley and miles of eastern shore beaches are Virginia highlights.

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Stats:

Population - 8,411,808 

Persons 65 years old and over - 15%

High school graduates, persons age 25+ - 88% 

Bachelor's degree or higher, persons age 25+ - 36% 

Persons of Hispanic or Latino origin - 9% 

White persons, not Hispanic - 62% 

Median household income - $65,015 

Median home value - $245,000 

Social Security taxed? No

Source: U.S. Census Bureau

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