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 South Carolina, 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 #84 cheapest in South Carolina out of 99.
Hollywood ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Hollywood is $361,800.
The median income in Hollywood is $68,690.
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 South Carolina, Hollywood has a cost of living index that's 1.1x higher than South Carolina's index of 96.
The standard of living in Hollywood ranks as #84 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Hollywood ranks as the #15 most expensive place in the Palmetto State.
For more reading on life in Hollywood, check out:
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 97.
The Groceries index in Hollywood is 106.
The Health index in Hollywood is 100.
The Housing index in Hollywood is 108.
The Transportation index in Hollywood is 96.
The Utilities index in Hollywood is 123.
Living Expense | Hollywood | South Carolina | National Average | |
---|---|---|---|---|
Overall | 104 | 96 | 100 | |
Services | 97 | 99 | 100 | |
Groceries | 106 | 100 | 100 | |
Health | 100 | 96 | 100 | |
Housing | 108 | 89 | 100 | |
Transportation | 96 | 90 | 100 | |
Utilities | 123 | 107 | 100 |
Housing swings affordability the most between places in South Carolina, 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 $361,800.
The Median Rent in Hollywood is $720.
The Median Income in Hollywood is $68,690.
The Home Value To Income in Hollywood is 5.3x.
The Rent To Monthly Income in Hollywood is 0.13x.
Statistic | Hollywood | South Carolina | United States |
---|---|---|---|
Median Home Value | $361,800 | $181,800 | $244,900 |
Median Rent | $720 | $970 | $1,163 |
Median Income | $68,690 | $58,234 | $69,021 |
Home Value To Income | 5.3x | 3.1x | 3.5x |
Rent To Monthly Income | 0.13x | 0.2x | 0.2x |
Item | Hollywood | South Carolina |
---|---|---|
Shampoo | $1.0 | $1.06 |
Movie | $10.22 | $10.68 |
Bowling | $17.27 | $14.67 |
Haircut | $19.37 | $18.62 |
Beauty Salon | $57.83 | $39.05 |
Item | Hollywood | South Carolina |
---|---|---|
Ground Beef | $4.68 | $4.22 |
Fried Chicken | $1.27 | $1.39 |
Milk | $2.25 | $2.05 |
Potatoes | $4.23 | $3.29 |
Pizza | $8.86 | $10.62 |
Beer | $10.27 | $9.38 |
Toothpaste | $2.61 | $2.34 |
Item | Hollywood | South Carolina |
---|---|---|
Optometrist | $81.87 | $108.57 |
Doctor | $131.23 | $116.17 |
Dentist | $102.76 | $99.13 |
Item | Hollywood | South Carolina |
---|---|---|
Gasoline | $2.06 | $2.22 |
Tire Balancing | $47.58 | $50.07 |
Item | Hollywood | South Carolina |
---|---|---|
All Electricity | $228.13 | $167.67 |
Phone | $187.31 | $175.64 |
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:
Charleston, SC has a cost of living index of 112, 1.1x Hollywood.
North Charleston, SC has a cost of living index of 97, 0.9x Hollywood.
Summerville, SC has a cost of living index of 100, 1.0x Hollywood.
City | Population | Cost Of Living | Vs. Hollywood |
---|---|---|---|
Charleston, SC | 147,928 | 112 | 1.1x |
North Charleston, SC | 114,542 | 97 | 0.9x |
Summerville, SC | 50,318 | 100 | 1.0x |
Hanahan, SC | 20,381 | 103 | 1.0x |
Ladson, SC | 14,711 | 94 | 0.9x |
James Island, SC | 11,618 | 108 | 1.0x |
Sangaree, SC | 9,336 | 94 | 0.9x |