Hollywood, FL

Estimated Annual Costs

Hollywood is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 113 (where 100 equals the national median), Hollywood residents can expect to pay median rent of $1,555/month while earning a median household income of $65,359/year.

The median home value in Hollywood, FL is $374,200, with typical monthly owner costs around $1,568 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.6%, Hollywood falls within the generally affordable range, though it's approaching the 30% burden threshold.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Hollywood.