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

Miami

Florida
129
VS

Hollywood

Florida
113

Miami is 14% more expensive than Hollywood.

$1,657/mo ↑ 7%
Median Rent
$1,555/mo ↓ 6%
$59,390/yr ↓ 9%
Median Income
$65,359/yr ↑ 10%
$475,200 ↑ 27%
Home Value
$374,200 ↓ 21%
$1,666/mo ↑ 6%
Owner Costs
$1,568/mo ↓ 6%
446,663
Population
152,935

Tax Comparison

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

Affordability

33.5%
rent-to-income
Affordability
28.6%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Hollywood, FL, the overall cost of living indices are 129 and 113 respectively (national median = 100). Rent is $102/month cheaper in Hollywood, saving renters about $1,224/year.

Median household income is $5,969/year higher in Hollywood. Home values also differ significantly — the median in Miami is $475,200 compared to $374,200 in Hollywood.

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

Frequently Asked Questions

Miami vs Hollywood — common questions

Is Miami or Hollywood cheaper to live in?
Based on our cost index, Hollywood is cheaper to live in with an index of 113 compared to 129 (US average = 100).
What is the rent difference between Miami and Hollywood?
Median rent in Miami is $1,657/month and in Hollywood it's $1,555/month — a difference of $102/month.
Which city has higher income, Miami or Hollywood?
Median household income is $59,390 in Miami and $65,359 in Hollywood. Median household income is $5,969/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 Miami or Hollywood?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/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 Miami details → View Hollywood details →

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