Cost of Living: Hollywood, FL vs Elgin, IL (2026)

Hollywood

Florida
113
VS

Elgin

Illinois
90

Hollywood is 26% more expensive than Elgin.

$1,555/mo ↑ 23%
Median Rent
$1,260/mo ↓ 19%
$65,359/yr ↓ 26%
Median Income
$88,316/yr ↑ 35%
$374,200 ↑ 48%
Home Value
$252,400 ↓ 33%
$1,568/mo ↑ 4%
Owner Costs
$1,502/mo ↓ 4%
152,935
Population
114,106

Tax Comparison

0%
Income Tax
4.95%
6.0%
State Sales Tax
6.25%
0.86%
Property Tax
2.07%

Affordability

28.6%
rent-to-income
Affordability
17.1%
rent-to-income

Detailed Comparison

When comparing Hollywood, FL and Elgin, IL, the overall cost of living indices are 113 and 90 respectively (national median = 100). Rent is $295/month cheaper in Elgin, saving renters about $3,540/year.

Median household income is $22,957/year higher in Elgin. Home values also differ significantly — the median in Hollywood is $374,200 compared to $252,400 in Elgin.

Florida has no state income tax, giving Hollywood residents a significant tax advantage over Illinois's 4.95% rate.

Frequently Asked Questions

Hollywood vs Elgin — common questions

Is Hollywood or Elgin cheaper to live in?
Based on our cost index, Elgin is cheaper to live in with an index of 90 compared to 113 (US average = 100).
What is the rent difference between Hollywood and Elgin?
Median rent in Hollywood is $1,555/month and in Elgin it's $1,260/month — a difference of $295/month.
Which city has higher income, Hollywood or Elgin?
Median household income is $65,359 in Hollywood and $88,316 in Elgin. Median household income is $22,957/year higher in Elgin.
How do taxes compare between Florida and Illinois?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Hollywood or Elgin?
It depends on your priorities. Hollywood has a cost index of 113 with median rent of $1,555/mo, while Elgin has a cost index of 90 with rent of $1,260/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Hollywood details → View Elgin details →

More Comparisons

Other cost of living comparisons for Hollywood and Elgin

Hollywood vs. Sunnyvale Hollywood vs. Roseville Hollywood vs. Springfield Hollywood vs. Charleston Hollywood vs. Kansas City Hollywood vs. Bellevue Elgin vs. Provo Elgin vs. Odessa Elgin vs. Waterbury Elgin vs. Springfield Elgin vs. Carlsbad Elgin vs. Beaumont