New Smyrna Beach, FL

Above Avg · 111

Florida · Population 31,212 · Updated March 2026

$1,638
Median Rent / Month
$78,373
Median Income
$365,900
Median Home Value
$1,373
Owner Costs / Month

Affordability

How far your income goes in New Smyrna Beach

25.1%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$19,656
Annual Rent
$0
State Income Tax
$3,147
Property Tax (est.)

Cost of Living Overview

New Smyrna Beach is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 111 (where 100 equals the national median), New Smyrna Beach residents can expect to pay median rent of $1,638/month while earning a median household income of $78,373/year.

The median home value in New Smyrna Beach, FL is $365,900, with typical monthly owner costs around $1,373 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.1%, New Smyrna Beach falls within the generally affordable range, though it's approaching the 30% burden threshold.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in New Smyrna Beach.

Frequently Asked Questions

Common questions about living costs in New Smyrna Beach

What is the cost of living in New Smyrna Beach, FL?
The cost of living index in New Smyrna Beach, FL is 111 (US average = 100). Median monthly rent is $1,638, median household income is $78,373/year, and the median home value is $365,900.
Is New Smyrna Beach, FL affordable?
No, New Smyrna Beach is more expensive than the national average with a cost index of 111. The rent-to-income ratio is 25.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in New Smyrna Beach, FL?
The median gross rent in New Smyrna Beach, FL is $1,638 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,656.
What is the median household income in New Smyrna Beach?
The median household income in New Smyrna Beach, FL is $78,373 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.