Cost of Living: Paterson, NJ vs Hollywood, FL (2026)

Paterson

New Jersey
106
VS

Hollywood

Florida
113

Paterson is 6% cheaper than Hollywood.

$1,457/mo ↓ 6%
Median Rent
$1,555/mo ↑ 7%
$53,766/yr ↓ 18%
Median Income
$65,359/yr ↑ 22%
$335,400 ↓ 10%
Home Value
$374,200 ↑ 12%
$1,553/mo ≈ Same
Owner Costs
$1,568/mo ≈ Same
157,660
Population
152,935

Tax Comparison

10.75%
Income Tax
0%
6.625%
State Sales Tax
6.0%
2.23%
Property Tax
0.86%

Affordability

32.5%
rent-to-income
Affordability
28.6%
rent-to-income

Detailed Comparison

When comparing Paterson, NJ and Hollywood, FL, the overall cost of living indices are 106 and 113 respectively (national median = 100). Rent is $98/month cheaper in Paterson, saving renters about $1,176/year.

Median household income is $11,593/year higher in Hollywood. Home values also differ significantly — the median in Paterson is $335,400 compared to $374,200 in Hollywood.

Florida has no state income tax, giving Hollywood residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Paterson vs Hollywood — common questions

Is Paterson or Hollywood cheaper to live in?
Based on our cost index, Paterson is cheaper to live in with an index of 106 compared to 113 (US average = 100).
What is the rent difference between Paterson and Hollywood?
Median rent in Paterson is $1,457/month and in Hollywood it's $1,555/month — a difference of $98/month.
Which city has higher income, Paterson or Hollywood?
Median household income is $53,766 in Paterson and $65,359 in Hollywood. Median household income is $11,593/year higher in Hollywood.
How do taxes compare between New Jersey and Florida?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Paterson or Hollywood?
It depends on your priorities. Paterson has a cost index of 106 with median rent of $1,457/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 Paterson details → View Hollywood details →

More Comparisons

Other cost of living comparisons for Paterson and Hollywood

Paterson vs. Corona Paterson vs. Murfreesboro Paterson vs. Hayward Paterson vs. Alexandria Paterson vs. Salinas Paterson vs. Macon Hollywood vs. Sunnyvale Hollywood vs. Roseville Hollywood vs. Springfield Hollywood vs. Charleston Hollywood vs. Kansas City Hollywood vs. Bellevue