Cost of Living: Madison, WI vs Hollywood, FL (2026)

Madison

Wisconsin
103
VS

Hollywood

Florida
113

Madison is 9% cheaper than Hollywood.

$1,364/mo ↓ 12%
Median Rent
$1,555/mo ↑ 14%
$76,983/yr ↑ 18%
Median Income
$65,359/yr ↓ 15%
$346,900 ↓ 7%
Home Value
$374,200 ↑ 8%
$1,476/mo ↓ 6%
Owner Costs
$1,568/mo ↑ 6%
275,568
Population
152,935

Tax Comparison

7.65%
Income Tax
0%
5.0%
State Sales Tax
6.0%
1.61%
Property Tax
0.86%

Affordability

21.3%
rent-to-income
Affordability
28.6%
rent-to-income

Detailed Comparison

When comparing Madison, WI and Hollywood, FL, the overall cost of living indices are 103 and 113 respectively (national median = 100). Rent is $191/month cheaper in Madison, saving renters about $2,292/year.

Median household income is $11,624/year higher in Madison. Home values also differ significantly — the median in Madison is $346,900 compared to $374,200 in Hollywood.

Florida has no state income tax, giving Hollywood residents a significant tax advantage over Wisconsin's 7.65% rate.

Frequently Asked Questions

Madison vs Hollywood — common questions

Is Madison or Hollywood cheaper to live in?
Based on our cost index, Madison is cheaper to live in with an index of 103 compared to 113 (US average = 100).
What is the rent difference between Madison and Hollywood?
Median rent in Madison is $1,364/month and in Hollywood it's $1,555/month — a difference of $191/month.
Which city has higher income, Madison or Hollywood?
Median household income is $76,983 in Madison and $65,359 in Hollywood. Median household income is $11,624/year higher in Madison.
How do taxes compare between Wisconsin and Florida?
Wisconsin has 7.65% income tax, 5.0% sales tax, and 1.61% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Madison or Hollywood?
It depends on your priorities. Madison has a cost index of 103 with median rent of $1,364/mo, while Hollywood has a cost index of 113 with rent of $1,555/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Madison details → View Hollywood details →

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