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

Hollywood

Florida
113
VS

Springfield

Illinois
61

Hollywood is 85% more expensive than Springfield.

$1,555/mo ↑ 65%
Median Rent
$945/mo ↓ 39%
$65,359/yr ≈ Same
Median Income
$65,537/yr ≈ Same
$374,200 ↑ 141%
Home Value
$155,200 ↓ 59%
$1,568/mo ↑ 61%
Owner Costs
$974/mo ↓ 38%
152,935
Population
113,714

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
17.3%
rent-to-income

Detailed Comparison

When comparing Hollywood, FL and Springfield, IL, the overall cost of living indices are 113 and 61 respectively (national median = 100). Rent is $610/month cheaper in Springfield, saving renters about $7,320/year.

Median household income is $178/year higher in Springfield. Home values also differ significantly — the median in Hollywood is $374,200 compared to $155,200 in Springfield.

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

Frequently Asked Questions

Hollywood vs Springfield — common questions

Is Hollywood or Springfield cheaper to live in?
Based on our cost index, Springfield is cheaper to live in with an index of 61 compared to 113 (US average = 100).
What is the rent difference between Hollywood and Springfield?
Median rent in Hollywood is $1,555/month and in Springfield it's $945/month — a difference of $610/month.
Which city has higher income, Hollywood or Springfield?
Median household income is $65,359 in Hollywood and $65,537 in Springfield. Median household income is $178/year higher in Springfield.
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 Springfield?
It depends on your priorities. Hollywood has a cost index of 113 with median rent of $1,555/mo, while Springfield has a cost index of 61 with rent of $945/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Hollywood details → View Springfield details →

More Comparisons

Other cost of living comparisons for Hollywood and Springfield

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