New Smyrna Beach cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexNew Smyrna BeachFloridaNational
Cost of living index10199100
IndexNew Smyrna BeachFloridaNational
Goods & Services index9599100
Groceries index94105100
Health care index94100100
Housing index11596100
Transportation index10098100
Utilities index94102100
An overview of the general cost of living index for New Smyrna Beach, FL is displayed above for your reference. Residents in New Smyrna Beach, FL enjoy a cost of living index of 101. This index is 2% higher than the Florida average, and 1% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in New Smyrna Beach, FL, the average cost of goods and services is 4% lower than it is in Florida, and it is 5% lower than the national average.
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Did you know?

  • The cost of living in New Smyrna Beach is 2% higher than the Florida average.
  • The cost of living in New Smyrna Beach is 1% higher than the national average.
  • The cost of housing in New Smyrna Beach is 15% higher than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

Compare New Smyrna Beach, FL Cost of living To Other Cities

Salary Calculator

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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in New Smyrna Beach, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to New Smyrna Beach, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the New Smyrna Beach, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in New Smyrna Beach, FL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among New Smyrna Beach, FL homeowners, the median income is $58,762. This indicates that a monthly maximum of $1,371 should be spent by homeowners on all housing related costs. Renters have a median income of $33,867. This indicates that renters should have a maximum of $790 used for their rent related monthly costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in New Smyrna Beach, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemNew Smyrna BeachNational avg.Difference
Haircut $21.25$17.4921.5%
Beauty Salon $32.00$38.1716.2%
Toothpaste $1.96$2.3215.6%
Shampoo $1.09$1.017.7%
Movie $11.93$10.7211.2%
Bowling $14.60$13.865.3%


ItemNew Smyrna BeachNational avg.Difference
Ground Beef $4.31$3.9010.5%
Fried Chicken $1.39$1.400.4%
Milk $2.29$1.9616.7%
Potatoes $3.26$3.182.4%
Pizza $9.19$10.3911.6%
Beer $10.66$9.2315.5%

Health Care

ItemNew Smyrna BeachNational avg.Difference
Optometrist $65.75$106.3438.2%
Doctor $130.00$115.2512.8%
Dentist $75.60$98.3823.2%
Ibuprofen $10.22$9.2610.4%
Lipitor $494.25$466.476.0%


ItemNew Smyrna BeachNational avg.Difference
Home Price $215,800.00$184,700.0016.8%
Avg. Mortgage Payment $895.82$1,273.3229.6%
Apartment Rent $1,045.00$949.0010.1%


ItemNew Smyrna BeachNational avg.Difference
Gasoline $2.67$2.592.9%
Tire Balancing $47.95$48.901.9%


ItemNew Smyrna BeachNational avg.Difference
All Electricity$147.88$167.6011.8%
Phone $185.04$163.4213.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Holly Hill, FL11,83983-17%
South Daytona, FL12,47087-13%
Daytona Beach, FL64,10587-13%
Edgewater, FL21,30691-9%
Oak Hill, FL1,86692-8%
New Smyrna Beach, FL24,5741011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Salt Lake, UT24,57598-2%
Newport, RI24,57013333%
Northport, AL24,54489-11%
De Pere, WI24,54492-8%
Waverly, MI24,61792-8%
New Smyrna Beach, FL24,5741011%
Source: The New Smyrna Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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