Hollywood, FL Cost Of Living
Cost Of Living In Hollywood, FL Summary
Cost of living in Hollywood 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 Hollywood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, 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 Hollywood is 104, with 100 being the average.
The cost of living index in Hollywood is 1.0x higher than the national average.
Hollywood ranks as the #306 cheapest in Florida out of 459.
Hollywood ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Hollywood is $296,000.
The median income in Hollywood is $56,912.
Table Of Contents
Hollywood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hollywood, FL?
According to the most recent data on the cost of living, Hollywood has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Florida, Hollywood has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Hollywood ranks as #306 most affordable out of the 459 places we measured in Florida. By definition, that implies Hollywood ranks as the #153 most expensive place in the Sunshine State.
For more reading on life in Hollywood, check out:
- Living In Hollywood
- Hollywood Crime Report
- Search Homes For Sale In Hollywood, FL
In Florida
In America
Hollywood Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Hollywood. Here is how it fairs on each of the criteria:
The Services index in Hollywood is 99.
The Groceries index in Hollywood is 117.
The Health index in Hollywood is 102.
The Housing index in Hollywood is 109.
The Transportation index in Hollywood is 110.
The Utilities index in Hollywood is 99.
| Living Expense | Hollywood | Florida | National Average | |
|---|---|---|---|---|
| Overall | 104 | 101 | 100 | |
| Services | 99 | 98 | 100 | |
| Groceries | 117 | 101 | 100 | |
| Health | 102 | 96 | 100 | |
| Housing | 109 | 108 | 100 | |
| Transportation | 110 | 98 | 100 | |
| Utilities | 99 | 100 | 100 | |
Hollywood, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, 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 Hollywood is $296,000.
The Median Rent in Hollywood is $1,344.
The Median Income in Hollywood is $56,912.
The Home Value To Income in Hollywood is 5.2x.
The Rent To Monthly Income in Hollywood is 0.28x.
| Statistic | Hollywood | Florida | United States |
|---|---|---|---|
| Median Home Value | $296,000 | $248,700 | $244,900 |
| Median Rent | $1,344 | $1,301 | $1,163 |
| Median Income | $56,912 | $61,777 | $69,021 |
| Home Value To Income | 5.2x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Hollywood, FL Costs By Category
Detailed Hollywood Services Costs Vs. Florida
Detailed Hollywood Groceries Costs Vs. Florida
Detailed Hollywood Health Costs Vs. Florida
Detailed Hollywood Transportation Costs Vs. Florida
Detailed Hollywood Utilities Costs Vs. Florida
Hollywood SnackAbility
/10
Cost Of Living In Cities Around Hollywood
The cost of living varies in the cities and towns around Hollywood. Here's a quick look at the cost of living in the most populous nearby places:
Pembroke Pines, FL has a cost of living index of 113, 1.1x Hollywood.
Coral Springs, FL has a cost of living index of 121, 1.2x Hollywood.
Davie, FL has a cost of living index of 111, 1.1x Hollywood.
| City | Population | Cost Of Living | Vs. Hollywood |
|---|---|---|---|
| Pembroke Pines, FL | 170,346 | 113 | 1.1x |
| Coral Springs, FL | 133,693 | 121 | 1.2x |
| Davie, FL | 104,782 | 111 | 1.1x |
| Weston, FL | 68,148 | 137 | 1.3x |
| Coconut Creek, FL | 57,553 | 103 | 1.0x |
| North Lauderdale, FL | 44,579 | 96 | 0.9x |
| Oakland Park, FL | 44,092 | 104 | 1.0x |
| Hallandale Beach, FL | 41,004 | 102 | 1.0x |
| Aventura, FL | 39,734 | 122 | 1.2x |
| Dania Beach, FL | 31,703 | 103 | 1.0x |
