The Census Bureau's latest figures for Smithville Flats City, NY show that the majority of its population (37.7% White, 0% Hispanic, and 0% Black or African American) lives below the federal poverty level. The percentage of Smithville Flats residents living below the poverty line is considerably lower than the state's average of 32.2%. Despite this, Smithville Flats is not entirely free of poverty. There are several factors that determine whether a city has a high number of people living in poverty, including its history.
In 2019, the median property value in Smithville Flats was $84,700, which is about $42,019 less than the national average. This decrease of 11.2% was due to a decline in the median home value. Compared to the national average, Smithville Flats has a higher rate of homeownership than most cities in the region. Almost 75% of the population in Smithville Flats, NY owns their homes. Residents drive alone to work, with the average commute time of 21.3 minutes. Three cars per household are more common in Smithville Flats than the national average.