Smith Island, MD
Population 340 · Maryland
About Smith Island, MD
Smith Island is a small community located in Maryland with a population of 340 residents according to the latest US Census Bureau American Community Survey data. The median household income is $82,443 per year, which is 10% above the national median of $75,149. The median age of 57.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Smith Island features a median home value of $104,800, which is 57% below the national median of $244,900. This makes Smith Island one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 247 total housing units, 88% are owner-occupied (150 units) and 12% are renter-occupied (21 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Smith Island shows an unemployment rate of 10.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 17.9%, above the national average of 12.4%. Workers in Smith Island have an average one-way commute time of 8.7 minutes, one of the shorter commutes in the region.
Education & Demographics
2.5% of Smith Island residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 0.6% of the population being foreign-born.
How Smith Island Ranks in Maryland
Cost of Living in Smith Island, MD
Compared to national averages, Smith Island has a median household income of $82,443 (10% above the national median of $75,149). Home values average $104,800, which is 57% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Maryland, Smith Island's income is 24% below the state average of $107,956, and home values are 74% below the state median of $402,447.
Why Live in Smith Island, MD?
Smith Island offers a strong local economy with a median household income of $82,443, well above the national average, and affordable housing with a median home value of $104,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features short commute times averaging just 8.7 minutes.
Smith Island has a population of 340 with a median age of 57.2 years. Compare Smith Island with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Smith Island
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Friendship | 336 | $0 | $644,200 | Compare |
| Midlothian | 336 | $0 | $188,800 | Compare |
| Breathedsville | 346 | $0 | $0 | Compare |
| Newark | 347 | $105,093 | $337,000 | Compare |
| Darlington | 349 | $81,250 | $375,000 | Compare |
| Sabillasville | 350 | $68,182 | $267,100 | Compare |
| Vienna | 330 | $97,500 | $196,600 | Compare |
| Leitersburg | 351 | $0 | $349,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Smith Island
What is the population of Smith Island, MD?
The population of Smith Island, MD is 340 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Maryland.
What is the median household income in Smith Island?
The median household income in Smith Island, MD is $82,443 per year, which is 10% above the national median of $75,149.
What is the median home value in Smith Island?
The median home value in Smith Island, MD is $104,800, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Smith Island?
The median monthly rent in Smith Island, MD is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Smith Island?
The unemployment rate in Smith Island, MD is 10.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Smith Island, MD a good place to live?
Smith Island offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 340 and a median age of 57.2, the city appeals to established professionals and retirees.
How educated is Smith Island, MD?
2.5% of residents in Smith Island aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Smith Island?
Key cost-of-living indicators for Smith Island, MD: median home value is $104,800 (57% below national), median rent is $0/month, and median household income is $82,443. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Smith Island?
The poverty rate in Smith Island, MD is 17.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Smith Island, MD?
Smith Island's population is 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 1.5% two or more races. 0.6% of residents are foreign-born.