New Smyrna Beach, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In New Smyrna Beach, FL Summary

Cost of living in New Smyrna Beach research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means New Smyrna Beach is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in New Smyrna Beach is 103, with 100 being the average.

  • The cost of living index in New Smyrna Beach is 1.0x higher than the national average.

  • New Smyrna Beach ranks as the #295 cheapest in Florida out of 459.

  • New Smyrna Beach ranks as the #3,487 cheapest out of 6,412 in the US.

  • The median home value in New Smyrna Beach is $283,200.

  • The median income in New Smyrna Beach is $66,159.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
103
New Smyrna Beach's Overall Cost Of Living
1.0x
Higher Than The National Average

What is the cost of living in New Smyrna Beach, FL?

According to the most recent data on the cost of living, New Smyrna Beach has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.

Compared to Florida, New Smyrna Beach has a cost of living index that's 1.0x higher than Florida's index of 101.

The standard of living in New Smyrna Beach ranks as #295 most affordable out of the 459 places we measured in Florida. By definition, that implies New Smyrna Beach ranks as the #164 most expensive place in the Sunshine State.

For more reading on life in New Smyrna Beach, check out:

295 out of 459
In Florida
3,487 out of 6,412
In America

New Smyrna Beach Cost Of Living Vs. Florida

Six factors go into calculating the cost of living index in New Smyrna Beach. Here is how it fairs on each of the criteria:

  • The Services index in New Smyrna Beach is 96.

  • The Groceries index in New Smyrna Beach is 100.

  • The Health index in New Smyrna Beach is 86.

  • The Housing index in New Smyrna Beach is 117.

  • The Transportation index in New Smyrna Beach is 98.

  • The Utilities index in New Smyrna Beach is 95.

Living Expense New Smyrna Beach Florida National Average
Overall 103 101 100
Services 96 98 100
Groceries 100 101 100
Health 86 96 100
Housing 117 108 100
Transportation 98 98 100
Utilities 95 100 100
For more reading on cost of living around Florida, check out:
New Smyrna Beach Cost of Living Vs. FL

New Smyrna Beach, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in New Smyrna Beach is $283,200.

  • The Median Rent in New Smyrna Beach is $1,312.

  • The Median Income in New Smyrna Beach is $66,159.

  • The Home Value To Income in New Smyrna Beach is 4.3x.

  • The Rent To Monthly Income in New Smyrna Beach is 0.24x.

Statistic New Smyrna Beach Florida United States
Median Home Value $283,200 $248,700 $244,900
Median Rent $1,312 $1,301 $1,163
Median Income $66,159 $61,777 $69,021
Home Value To Income 4.3x 4.0x 3.5x
Rent To Monthly Income 0.24x 0.25x 0.2x
Search Homes For Sale In New Smyrna Beach, FL
$283,200
Median Home Value
$1,312
Median Rent
$66,159
Median Income

New Smyrna Beach, FL Costs By Category

Detailed New Smyrna Beach Services Costs Vs. Florida

Item New Smyrna Beach Florida
Shampoo $1.35 $1.06
Movie $11.91 $10.68
Bowling $14.06 $14.67
Haircut $21.82 $18.62
Beauty Salon $39.92 $39.05

Detailed New Smyrna Beach Groceries Costs Vs. Florida

Item New Smyrna Beach Florida
Ground Beef $4.49 $4.22
Fried Chicken $1.83 $1.39
Milk $2.18 $2.05
Potatoes $3.43 $3.29
Pizza $10.14 $10.62
Beer $9.84 $9.38
Toothpaste $2.19 $2.34

Detailed New Smyrna Beach Health Costs Vs. Florida

Item New Smyrna Beach Florida
Optometrist $64.41 $108.57
Doctor $100.7 $116.17
Dentist $85.69 $99.13

Detailed New Smyrna Beach Transportation Costs Vs. Florida

Item New Smyrna Beach Florida
Gasoline $2.16 $2.22
Tire Balancing $46.83 $50.07

Detailed New Smyrna Beach Utilities Costs Vs. Florida

Item New Smyrna Beach Florida
All Electricity $146.61 $167.67
Phone $187.82 $175.64

New Smyrna Beach SnackAbility

8
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
4
Diversity
6
Safety
6
Amenities
8
Education
8
Commute
6

Cost Of Living In Cities Around New Smyrna Beach

The cost of living varies in the cities and towns around New Smyrna Beach. Here's a quick look at the cost of living in the most populous nearby places:

  • Deltona, FL has a cost of living index of 92, 0.9x New Smyrna Beach.

  • Daytona Beach, FL has a cost of living index of 89, 0.9x New Smyrna Beach.

  • Port Orange, FL has a cost of living index of 93, 0.9x New Smyrna Beach.

City Population Cost Of Living Vs. New Smyrna Beach
Deltona, FL 93,464 92 0.9x
Daytona Beach, FL 71,041 89 0.9x
Port Orange, FL 62,197 93 0.9x
Edgewater, FL 22,952 91 0.9x
South Daytona, FL 12,984 90 0.9x
Holly Hill, FL 12,833 82 0.8x
Samsula-Spruce Creek, FL 5,202 108 1.0x

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