Cost of Living: Hollywood, FL vs Palm Bay, FL (2026)

Hollywood

Florida
113
VS

Palm Bay

Florida
91

Hollywood is 24% more expensive than Palm Bay.

$1,555/mo ↑ 5%
Median Rent
$1,487/mo ↓ 4%
$65,359/yr ↓ 3%
Median Income
$67,521/yr ↑ 3%
$374,200 ↑ 51%
Home Value
$248,000 ↓ 34%
$1,568/mo ↑ 30%
Owner Costs
$1,203/mo ↓ 23%
152,935
Population
125,273

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
26.4%
rent-to-income

Detailed Comparison

When comparing Hollywood, FL and Palm Bay, FL, the overall cost of living indices are 113 and 91 respectively (national median = 100). Rent is $68/month cheaper in Palm Bay, saving renters about $816/year.

Median household income is $2,162/year higher in Palm Bay. Home values also differ significantly — the median in Hollywood is $374,200 compared to $248,000 in Palm Bay.

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

Frequently Asked Questions

Hollywood vs Palm Bay — common questions

Is Hollywood or Palm Bay cheaper to live in?
Based on our cost index, Palm Bay is cheaper to live in with an index of 91 compared to 113 (US average = 100).
What is the rent difference between Hollywood and Palm Bay?
Median rent in Hollywood is $1,555/month and in Palm Bay it's $1,487/month — a difference of $68/month.
Which city has higher income, Hollywood or Palm Bay?
Median household income is $65,359 in Hollywood and $67,521 in Palm Bay. Median household income is $2,162/year higher in Palm Bay.
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 Palm Bay?
It depends on your priorities. Hollywood has a cost index of 113 with median rent of $1,555/mo, while Palm Bay has a cost index of 91 with rent of $1,487/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Hollywood details → View Palm Bay details →

More Comparisons

Other cost of living comparisons for Hollywood and Palm Bay

Hollywood vs. Sunnyvale Hollywood vs. Roseville Hollywood vs. Springfield Hollywood vs. Charleston Hollywood vs. Kansas City Hollywood vs. Bellevue Palm Bay vs. Allentown Palm Bay vs. Meridian Palm Bay vs. Thousand Oaks Palm Bay vs. Vallejo Palm Bay vs. Simi Valley Palm Bay vs. Round Rock