Cost of Living: Hollywood, FL vs Lakeland, FL (2026)

Hollywood

Florida
113
VS

Lakeland

Florida
82

Hollywood is 38% more expensive than Lakeland.

$1,555/mo ↑ 20%
Median Rent
$1,299/mo ↓ 16%
$65,359/yr ↑ 7%
Median Income
$60,947/yr ↓ 7%
$374,200 ↑ 63%
Home Value
$229,100 ↓ 39%
$1,568/mo ↑ 36%
Owner Costs
$1,149/mo ↓ 27%
152,935
Population
117,030

Tax Comparison

0%
Income Tax
0%
6.0%
State Sales Tax
6.0%
0.86%
Property Tax
0.86%

Affordability

28.6%
rent-to-income
Affordability
25.6%
rent-to-income

Detailed Comparison

When comparing Hollywood, FL and Lakeland, FL, the overall cost of living indices are 113 and 82 respectively (national median = 100). Rent is $256/month cheaper in Lakeland, saving renters about $3,072/year.

Median household income is $4,412/year higher in Hollywood. Home values also differ significantly — the median in Hollywood is $374,200 compared to $229,100 in Lakeland.

Both cities share the same state tax structure since they are in Florida.

Frequently Asked Questions

Hollywood vs Lakeland — common questions

Is Hollywood or Lakeland cheaper to live in?
Based on our cost index, Lakeland is cheaper to live in with an index of 82 compared to 113 (US average = 100).
What is the rent difference between Hollywood and Lakeland?
Median rent in Hollywood is $1,555/month and in Lakeland it's $1,299/month — a difference of $256/month.
Which city has higher income, Hollywood or Lakeland?
Median household income is $65,359 in Hollywood and $60,947 in Lakeland. Median household income is $4,412/year higher in Hollywood.
How do taxes compare between Florida and Florida?
Both cities are in Florida and share the same state tax rates: 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Hollywood or Lakeland?
It depends on your priorities. Hollywood has a cost index of 113 with median rent of $1,555/mo, while Lakeland has a cost index of 82 with rent of $1,299/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Hollywood details → View Lakeland details →

More Comparisons

Other cost of living comparisons for Hollywood and Lakeland

Hollywood vs. Sunnyvale Hollywood vs. Roseville Hollywood vs. Springfield Hollywood vs. Charleston Hollywood vs. Kansas City Hollywood vs. Bellevue Lakeland vs. Clearwater Lakeland vs. The Woodlands Lakeland vs. North Charleston Lakeland vs. Evansville Lakeland vs. Cambridge Lakeland vs. Brandon