| Index | New Smyrna Beach | Florida | National |
| Cost of living | 117 | 102 | 100 |
| Groceries | 102 | 102 | 100 |
| Health care | 107 | 104 | 100 |
| Housing | 147 | 97 | 100 |
| Transportation | 104 | 103 | 100 |
| Utilities | 107 | 110 | 100 |
| Lifestyle & Entertainment | 103 | 104 | 100 |
| Household Items | 103 | 102 | 100 |
| Education & Childcare | 105 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in New Smyrna Beach? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in New Smyrna Beach stands at 117, making it 17% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs significantly influence the New Smyrna Beach cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 46.8%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Is New Smyrna Beach affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in New Smyrna Beach, the median home price is 53.8% higher than the national average and monthly rent prices are 30.3% higher than the typical rates. Additionally, the median income levels play a role in affordability, with New Smyrna Beach boasting a median household income of $90,878, 11.7% higher than the national average.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In New Smyrna Beach, the transportation index stands at 4.2% higher than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In New Smyrna Beach, healthcare costs are 6.5% higher than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
The New Smyrna Beach cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $106,700 | $8,892 | $2,490 | $3,201 |
| Renters | $53,190 | $4,433 | $1,241 | $1,596 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Holly Hill, FL | 12,579 | 97 | 3.2% |
| South Daytona, FL | 13,503 | 99 | 0.8% |
| Daytona Beach, FL | 70,799 | 102 | 1.8% |
| Edgewater, FL | 24,363 | 103 | 2.8% |
| Oak Hill, FL | 2,097 | 106 | 6.1% |
| New Smyrna Beach, FL | 27,977 | 117 | 17.0% |
| City | Population | Cost of Living Index | National Avg. |
| Shaker Heights, OH | 27,985 | 104 | 4.4% |
| Imperial Beach, CA | 27,956 | 167 | 67.0% |
| Anderson, SC | 27,956 | 93 | 7.4% |
| Bixby, OK | 28,000 | 104 | 4.3% |
| Short Pump, VA | 27,939 | 136 | 36.1% |
| New Smyrna Beach, FL | 27,977 | 117 | 17.0% |
Here are the best places to live in Florida
Check out the 10 most dangerous cities in Florida
Safest Cities In The US
Most Dangerous States In The US