Hollywood, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
104
Hollywood's Overall Cost Of Living
1.0x
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:

306 out of 459
In Florida
3,585 out of 6,412
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
For more reading on cost of living around Florida, check out:
Hollywood Cost of Living Vs. FL

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
Search Homes For Sale In Hollywood, FL
$296,000
Median Home Value
$1,344
Median Rent
$56,912
Median Income

Hollywood, FL Costs By Category

Detailed Hollywood Services Costs Vs. Florida

Item Hollywood Florida
Shampoo $1.07 $1.06
Movie $11.82 $10.68
Bowling $20.88 $14.67
Haircut $14.47 $18.62
Beauty Salon $65.03 $39.05

Detailed Hollywood Groceries Costs Vs. Florida

Item Hollywood Florida
Ground Beef $4.66 $4.22
Fried Chicken $1.62 $1.39
Milk $2.96 $2.05
Potatoes $4.99 $3.29
Pizza $8.99 $10.62
Beer $10.84 $9.38
Toothpaste $2.04 $2.34

Detailed Hollywood Health Costs Vs. Florida

Item Hollywood Florida
Optometrist $135.56 $108.57
Doctor $102.25 $116.17
Dentist $106.04 $99.13

Detailed Hollywood Transportation Costs Vs. Florida

Item Hollywood Florida
Gasoline $2.24 $2.22
Tire Balancing $63.76 $50.07

Detailed Hollywood Utilities Costs Vs. Florida

Item Hollywood Florida
All Electricity $162.2 $167.67
Phone $188.17 $175.64

Hollywood SnackAbility

7
/10
Overall SnackAbility
Jobs
6/10
Housing
8.5
Affordability
3
Diversity
10
Safety
5
Amenities
10
Education
7
Commute
5

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

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