Cost of living in Smyrna 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 Smyrna is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Delaware, 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 Smyrna is 108, with 100 being the average.
The cost of living index in Smyrna is 1.1x higher than the national average.
Smyrna ranks as the #7 cheapest in Delaware out of 18.
Smyrna ranks as the #3,954 cheapest out of 6,412 in the US.
The median home value in Smyrna is $225,900.
The median income in Smyrna is $63,794.
According to the most recent data on the cost of living, Smyrna has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Delaware, Smyrna has a cost of living index that's 1.0x higher than Delaware's index of 103.
The standard of living in Smyrna ranks as #7 most affordable out of the 18 places we measured in Delaware. By definition, that implies Smyrna ranks as the #11 most expensive place in the First State.
For more reading on life in Smyrna, check out:
Six factors go into calculating the cost of living index in Smyrna. Here is how it fairs on each of the criteria:
The Services index in Smyrna is 113.
The Groceries index in Smyrna is 116.
The Health index in Smyrna is 93.
The Housing index in Smyrna is 98.
The Transportation index in Smyrna is 107.
The Utilities index in Smyrna is 106.
Living Expense | Smyrna | Delaware | National Average | |
---|---|---|---|---|
Overall | 108 | 103 | 100 | |
Services | 113 | 105 | 100 | |
Groceries | 116 | 103 | 100 | |
Health | 93 | 104 | 100 | |
Housing | 98 | 101 | 100 | |
Transportation | 107 | 109 | 100 | |
Utilities | 106 | 95 | 100 |
Housing swings affordability the most between places in Delaware, 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 Smyrna is $225,900.
The Median Rent in Smyrna is $1,323.
The Median Income in Smyrna is $63,794.
The Home Value To Income in Smyrna is 3.5x.
The Rent To Monthly Income in Smyrna is 0.25x.
Statistic | Smyrna | Delaware | United States |
---|---|---|---|
Median Home Value | $225,900 | $269,700 | $244,900 |
Median Rent | $1,323 | $1,199 | $1,163 |
Median Income | $63,794 | $72,724 | $69,021 |
Home Value To Income | 3.5x | 3.7x | 3.5x |
Rent To Monthly Income | 0.25x | 0.2x | 0.2x |