Cost of Living: Hollywood, FL vs Elizabeth, NJ (2026)

Hollywood

Florida
113
VS

Elizabeth

New Jersey
112

Hollywood and Elizabeth have a similar cost of living.

$1,555/mo ↑ 6%
Median Rent
$1,463/mo ↓ 6%
$65,359/yr ↑ 2%
Median Income
$63,874/yr ↓ 2%
$374,200 ↓ 5%
Home Value
$393,500 ↑ 5%
$1,568/mo ↑ 2%
Owner Costs
$1,543/mo ↓ 2%
152,935
Population
135,887

Tax Comparison

0%
Income Tax
10.75%
6.0%
State Sales Tax
6.625%
0.86%
Property Tax
2.23%

Affordability

28.6%
rent-to-income
Affordability
27.5%
rent-to-income

Detailed Comparison

When comparing Hollywood, FL and Elizabeth, NJ, the overall cost of living indices are 113 and 112 respectively (national median = 100). Rent is $92/month cheaper in Elizabeth, saving renters about $1,104/year.

Median household income is $1,485/year higher in Hollywood. Home values also differ significantly — the median in Hollywood is $374,200 compared to $393,500 in Elizabeth.

Florida has no state income tax, giving Hollywood residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Hollywood vs Elizabeth — common questions

Is Hollywood or Elizabeth cheaper to live in?
Based on our cost index, Elizabeth is cheaper to live in with an index of 112 compared to 113 (US average = 100).
What is the rent difference between Hollywood and Elizabeth?
Median rent in Hollywood is $1,555/month and in Elizabeth it's $1,463/month — a difference of $92/month.
Which city has higher income, Hollywood or Elizabeth?
Median household income is $65,359 in Hollywood and $63,874 in Elizabeth. Median household income is $1,485/year higher in Hollywood.
How do taxes compare between Florida and New Jersey?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Hollywood or Elizabeth?
It depends on your priorities. Hollywood has a cost index of 113 with median rent of $1,555/mo, while Elizabeth has a cost index of 112 with rent of $1,463/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Hollywood details → View Elizabeth details →

More Comparisons

Other cost of living comparisons for Hollywood and Elizabeth

Hollywood vs. Sunnyvale Hollywood vs. Roseville Hollywood vs. Springfield Hollywood vs. Charleston Hollywood vs. Kansas City Hollywood vs. Bellevue Elizabeth vs. Victorville Elizabeth vs. Stamford Elizabeth vs. Miramar Elizabeth vs. Kent Elizabeth vs. Pasadena Elizabeth vs. Midland