Cost of Living: Providence, RI vs Hollywood, FL (2026)

Providence

Rhode Island
99
VS

Hollywood

Florida
113

Providence is 12% cheaper than Hollywood.

$1,333/mo ↓ 14%
Median Rent
$1,555/mo ↑ 17%
$66,772/yr ↑ 2%
Median Income
$65,359/yr ↓ 2%
$322,800 ↓ 14%
Home Value
$374,200 ↑ 16%
$1,467/mo ↓ 6%
Owner Costs
$1,568/mo ↑ 7%
190,214
Population
152,935

Tax Comparison

5.99%
Income Tax
0%
7.0%
State Sales Tax
6.0%
1.53%
Property Tax
0.86%

Affordability

24.0%
rent-to-income
Affordability
28.6%
rent-to-income

Detailed Comparison

When comparing Providence, RI and Hollywood, FL, the overall cost of living indices are 99 and 113 respectively (national median = 100). Rent is $222/month cheaper in Providence, saving renters about $2,664/year.

Median household income is $1,413/year higher in Providence. Home values also differ significantly — the median in Providence is $322,800 compared to $374,200 in Hollywood.

Florida has no state income tax, giving Hollywood residents a significant tax advantage over Rhode Island's 5.99% rate.

Frequently Asked Questions

Providence vs Hollywood — common questions

Is Providence or Hollywood cheaper to live in?
Based on our cost index, Providence is cheaper to live in with an index of 99 compared to 113 (US average = 100).
What is the rent difference between Providence and Hollywood?
Median rent in Providence is $1,333/month and in Hollywood it's $1,555/month — a difference of $222/month.
Which city has higher income, Providence or Hollywood?
Median household income is $66,772 in Providence and $65,359 in Hollywood. Median household income is $1,413/year higher in Providence.
How do taxes compare between Rhode Island and Florida?
Rhode Island has 5.99% income tax, 7.0% sales tax, and 1.53% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Providence or Hollywood?
It depends on your priorities. Providence has a cost index of 99 with median rent of $1,333/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 Providence details → View Hollywood details →

More Comparisons

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