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 Tennessee, 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 103, with 100 being the average.
The cost of living index in Smyrna is 1.0x higher than the national average.
Smyrna ranks as the #88 cheapest in Tennessee out of 109.
Smyrna ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Smyrna is $401,410.
The median income in Smyrna is $78,409.
According to the most recent data on the cost of living, Smyrna has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Tennessee, Smyrna has a cost of living index that's 1.1x higher than Tennessee's index of 90.
The standard of living in Smyrna ranks as #88 most affordable out of the 109 places we measured in Tennessee. By definition, that implies Smyrna ranks as the #21 most expensive place in the Volunteer 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 92.
The Groceries index in Smyrna is 99.
The Health index in Smyrna is 89.
The Housing index in Smyrna is 116.
The Transportation index in Smyrna is 93.
The Utilities index in Smyrna is 102.
| Living Expense | Smyrna | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 103 | 90 | 100 | |
| Services | 92 | 93 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 89 | 87 | 100 | |
| Housing | 116 | 81 | 100 | |
| Transportation | 93 | 89 | 100 | |
| Utilities | 102 | 95 | 100 | |
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Smyrna is $401,410.
The Median Rent in Smyrna is $1,366.
The Median Income in Smyrna is $78,409.
The Home Value To Income in Smyrna is 5.1x.
The Rent To Monthly Income in Smyrna is 0.21x.
The cost of living varies in the cities and towns around Smyrna. Here's a quick look at the cost of living in the most populous nearby places:
Murfreesboro, TN has a cost of living index of 108, 1.0x Smyrna.
Franklin, TN has a cost of living index of 130, 1.3x Smyrna.
Brentwood, TN has a cost of living index of 162, 1.6x Smyrna.
| City | Population | Cost Of Living | Vs. Smyrna |
|---|---|---|---|
| Murfreesboro, TN | 157,547 | 108 | 1.0x |
| Franklin, TN | 85,575 | 130 | 1.3x |
| Brentwood, TN | 45,272 | 162 | 1.6x |
| Lebanon, TN | 41,951 | 104 | 1.0x |
| Mount Juliet, TN | 40,828 | 114 | 1.1x |
| La Vergne, TN | 38,944 | 101 | 1.0x |
| Nolensville, TN | 14,545 | 146 | 1.4x |
| Green Hill, TN | 6,617 | 111 | 1.1x |