Cost of Living: Norfolk, VA vs Hollywood, FL (2026)

Norfolk

Virginia
89
VS

Hollywood

Florida
113

Norfolk is 21% cheaper than Hollywood.

$1,246/mo ↓ 20%
Median Rent
$1,555/mo ↑ 25%
$64,017/yr ↓ 2%
Median Income
$65,359/yr ↑ 2%
$271,900 ↓ 27%
Home Value
$374,200 ↑ 38%
$1,366/mo ↓ 13%
Owner Costs
$1,568/mo ↑ 15%
235,037
Population
152,935

Tax Comparison

5.75%
Income Tax
0%
5.3%
State Sales Tax
6.0%
0.8%
Property Tax
0.86%

Affordability

23.4%
rent-to-income
Affordability
28.6%
rent-to-income

Detailed Comparison

When comparing Norfolk, VA and Hollywood, FL, the overall cost of living indices are 89 and 113 respectively (national median = 100). Rent is $309/month cheaper in Norfolk, saving renters about $3,708/year.

Median household income is $1,342/year higher in Hollywood. Home values also differ significantly — the median in Norfolk is $271,900 compared to $374,200 in Hollywood.

Florida has no state income tax, giving Hollywood residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

Norfolk vs Hollywood — common questions

Is Norfolk or Hollywood cheaper to live in?
Based on our cost index, Norfolk is cheaper to live in with an index of 89 compared to 113 (US average = 100).
What is the rent difference between Norfolk and Hollywood?
Median rent in Norfolk is $1,246/month and in Hollywood it's $1,555/month — a difference of $309/month.
Which city has higher income, Norfolk or Hollywood?
Median household income is $64,017 in Norfolk and $65,359 in Hollywood. Median household income is $1,342/year higher in Hollywood.
How do taxes compare between Virginia and Florida?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Norfolk or Hollywood?
It depends on your priorities. Norfolk has a cost index of 89 with median rent of $1,246/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 Norfolk details → View Hollywood details →

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