Cost of Living: New York, NY vs Hollywood, FL (2026)

New York

New York
166
VS

Hollywood

Florida
113

New York is 47% more expensive than Hollywood.

$1,779/mo ↑ 14%
Median Rent
$1,555/mo ↓ 13%
$79,713/yr ↑ 22%
Median Income
$65,359/yr ↓ 18%
$751,700 ↑ 101%
Home Value
$374,200 ↓ 50%
$1,837/mo ↑ 17%
Owner Costs
$1,568/mo ↓ 15%
8,516,202
Population
152,935

Tax Comparison

10.9%
Income Tax
0%
4.0%
State Sales Tax
6.0%
1.62%
Property Tax
0.86%

Affordability

26.8%
rent-to-income
Affordability
28.6%
rent-to-income

Detailed Comparison

When comparing New York, NY and Hollywood, FL, the overall cost of living indices are 166 and 113 respectively (national median = 100). Rent is $224/month cheaper in Hollywood, saving renters about $2,688/year.

Median household income is $14,354/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $374,200 in Hollywood.

Florida has no state income tax, giving Hollywood residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

New York vs Hollywood — common questions

Is New York or Hollywood cheaper to live in?
Based on our cost index, Hollywood is cheaper to live in with an index of 113 compared to 166 (US average = 100).
What is the rent difference between New York and Hollywood?
Median rent in New York is $1,779/month and in Hollywood it's $1,555/month — a difference of $224/month.
Which city has higher income, New York or Hollywood?
Median household income is $79,713 in New York and $65,359 in Hollywood. Median household income is $14,354/year higher in New York.
How do taxes compare between New York and Florida?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to New York or Hollywood?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/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 New York details → View Hollywood details →

More Comparisons

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