Cost of Living: Memphis, TN vs Hollywood, FL (2026)

Memphis

Tennessee
68
VS

Hollywood

Florida
113

Memphis is 40% cheaper than Hollywood.

$1,123/mo ↓ 28%
Median Rent
$1,555/mo ↑ 38%
$51,211/yr ↓ 22%
Median Income
$65,359/yr ↑ 28%
$157,100 ↓ 58%
Home Value
$374,200 ↑ 138%
$1,087/mo ↓ 31%
Owner Costs
$1,568/mo ↑ 44%
629,063
Population
152,935

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
6.0%
0.64%
Property Tax
0.86%

Affordability

26.3%
rent-to-income
Affordability
28.6%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Hollywood, FL, the overall cost of living indices are 68 and 113 respectively (national median = 100). Rent is $432/month cheaper in Memphis, saving renters about $5,184/year.

Median household income is $14,148/year higher in Hollywood. Home values also differ significantly — the median in Memphis is $157,100 compared to $374,200 in Hollywood.

Frequently Asked Questions

Memphis vs Hollywood — common questions

Is Memphis or Hollywood cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 113 (US average = 100).
What is the rent difference between Memphis and Hollywood?
Median rent in Memphis is $1,123/month and in Hollywood it's $1,555/month — a difference of $432/month.
Which city has higher income, Memphis or Hollywood?
Median household income is $51,211 in Memphis and $65,359 in Hollywood. Median household income is $14,148/year higher in Hollywood.
How do taxes compare between Tennessee and Florida?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Memphis or Hollywood?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/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 Memphis details → View Hollywood details →

More Comparisons

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