Memphis, FL vs New Smyrna Beach, FL

There is a significant gap in the cost of living between these two cities. Memphis is 16.5% cheaper than New Smyrna Beach. With a cost index of 95 vs 114, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Memphis to New Smyrna Beach should plan for substantially higher expenses across most categories.

On the housing front, median rent in Memphis is $1,155/month compared to $1,638/month in New Smyrna Beach — a 30% difference. Home values follow the same pattern: Memphis is more affordable at $292,200 median vs $365,900.

Median household income in Memphis is $71,967 compared to $78,373 in New Smyrna Beach (-8.2%). New Smyrna Beach does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Memphis spend roughly 19.3% of their income on rent, less than the 25.1% in New Smyrna Beach.

Climate-wise, both cities share similar average temperatures (74.1°F vs 71.5°F). New Smyrna Beach receives more rainfall at 51.3" per year compared to 49.1" in Memphis.