Cost of Living: Minneapolis, MN vs Hollywood, FL (2026)

Minneapolis

Minnesota
102
VS

Hollywood

Florida
113

Minneapolis is 10% cheaper than Hollywood.

$1,329/mo ↓ 15%
Median Rent
$1,555/mo ↑ 17%
$80,269/yr ↑ 23%
Median Income
$65,359/yr ↓ 19%
$345,600 ↓ 8%
Home Value
$374,200 ↑ 8%
$1,513/mo ↓ 4%
Owner Costs
$1,568/mo ↑ 4%
426,845
Population
152,935

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.0%
1.11%
Property Tax
0.86%

Affordability

19.9%
rent-to-income
Affordability
28.6%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Hollywood, FL, the overall cost of living indices are 102 and 113 respectively (national median = 100). Rent is $226/month cheaper in Minneapolis, saving renters about $2,712/year.

Median household income is $14,910/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $374,200 in Hollywood.

Florida has no state income tax, giving Hollywood residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Minneapolis vs Hollywood — common questions

Is Minneapolis or Hollywood cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 113 (US average = 100).
What is the rent difference between Minneapolis and Hollywood?
Median rent in Minneapolis is $1,329/month and in Hollywood it's $1,555/month — a difference of $226/month.
Which city has higher income, Minneapolis or Hollywood?
Median household income is $80,269 in Minneapolis and $65,359 in Hollywood. Median household income is $14,910/year higher in Minneapolis.
How do taxes compare between Minnesota and Florida?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Minneapolis or Hollywood?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/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 Minneapolis details → View Hollywood details →

More Comparisons

Other cost of living comparisons for Minneapolis and Hollywood

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