Cost of Living in Hollywood, FL
Population 152,935 · Florida · Data vintage 2023
(100 = US avg)
The Hollywood cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $374,000, rents near $1,555 a month. Unemployment has stayed elevated relative to the national figure — 6.3% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hollywood
The median home value in Hollywood is $374,200 — 23% above the national median of $305,000. Median rent runs $1,555/month, 18% higher than the national median of $1,314/month. The median household income of $65,359/year is 12% lower than the US median of $74,580. The local unemployment rate is 6.3%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 83.5°F and lows of 70.8°F. Overall, Hollywood has a cost of living index of 121 versus the US average of 100, meaning it is 21% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 76 | 77 | 80 | 83 | 86 | 88 | 90 | 90 | 88 | 85 | 81 | 78 |
| Low °F | 61 | 63 | 66 | 70 | 74 | 77 | 78 | 78 | 77 | 74 | 68 | 65 |
| Precip" | 2.90 | 2.38 | 2.38 | 3.02 | 5.56 | 9.55 | 5.41 | 7.89 | 8.02 | 7.37 | 3.69 | 2.78 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Hollywood, FL?
Hollywood has a cost index of 121 (100 = national average). It is 21% above the national average.
What is average rent in Hollywood, FL?
The median gross rent in Hollywood is $1,555 per month based on 2023 Census data.
What is the average home price in Hollywood?
The median home value in Hollywood is $374,200 according to Zillow and Census data.
What is the median income in Hollywood?
The median household income in Hollywood is $65,359 per year (2023 ACS 5-year estimates).
What is the sales tax in Hollywood, FL?
The combined state and local sales tax rate in Hollywood is 7.0%. Florida has no state income tax.
Is Hollywood, FL affordable?
Hollywood is above average in cost of living, with an index of 121 — about 21% higher than the national average.
What is the weather like in Hollywood?
Hollywood has average high temperatures of 83.5°F and average lows of 70.8°F. Annual precipitation is 61". Data from NOAA 1991–2020 Climate Normals.
Hollywood at a Glance
- Population
- 152,935
- Median Income
- $65,359
- Home Value
- $374,200
- Median Rent
- $1,555/mo
- Unemployment
- 6.3%
- Avg High Temp
- 83.5°F
- Sales Tax
- 7.0%
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Explore county-level cost of living data
Florida Rankings
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