Yes. The neurons that detect smell only live about 30 to 60 days before they die off โ and stem cells in your nose lining grow brand-new ones to take their place, your entire life.
Your sense of smell runs on millions of tiny neurons sitting high inside your nose, each one topped with little antenna-like hairs that catch odor molecules drifting in with every breath. It's a rough neighborhood โ every sniff exposes those cells to dry air, dust, germs, and chemicals โ so your body treats them as disposable. Each smell neuron works for a few weeks, then dies.
Most neurons don't get that treatment. The neurons in your brain are mostly the ones you were born with. Your smell neurons are the exception: they are built to be thrown away and rebuilt, over and over, for as long as you live.
Underneath the smell lining sits a layer of stem cells whose whole job is manufacturing fresh smell neurons. When an old neuron dies, a new one grows in its place โ and here's the remarkable part: the new neuron has to stretch a wire all the way to the same spot in the brain's smell center that the old one used. Wire it wrong, and one smell would register as a different one.
Because the replacements plug into the same circuits, your smell memories survive the turnover. The sensors are new; the wiring diagram they're feeding hasn't changed since childhood. That's why a smell you haven't run into in twenty years can hit you like it happened yesterday โ the hardware got swapped out dozens of times, but the connections it reports to stayed put.
See the short version in the LOE PRESSURE "Things You Didn't Know" series โ "Your Nose Replaces Its Smell Sensors Every Month."
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Fascinating facts you didn't know. Come learn with me โ no pressure.
Sources: Scientific American, "Experts: Olfactory Neuron Turnover" โ https://www.scientificamerican.com/article/experts-olfactory-neuron-turnover/; ScienceDaily / UC Berkeley (2011) โ https://www.sciencedaily.com/releases/2011/12/111207132649.htm.