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

Richmond

Virginia
98
VS

Hollywood

Florida
113

Richmond is 13% cheaper than Hollywood.

$1,314/mo ↓ 15%
Median Rent
$1,555/mo ↑ 18%
$62,671/yr ↓ 4%
Median Income
$65,359/yr ↑ 4%
$328,100 ↓ 12%
Home Value
$374,200 ↑ 14%
$1,374/mo ↓ 12%
Owner Costs
$1,568/mo ↑ 14%
227,595
Population
152,935

Tax Comparison

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

Affordability

25.2%
rent-to-income
Affordability
28.6%
rent-to-income

Detailed Comparison

When comparing Richmond, VA and Hollywood, FL, the overall cost of living indices are 98 and 113 respectively (national median = 100). Rent is $241/month cheaper in Richmond, saving renters about $2,892/year.

Median household income is $2,688/year higher in Hollywood. Home values also differ significantly — the median in Richmond is $328,100 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

Richmond vs Hollywood — common questions

Is Richmond or Hollywood cheaper to live in?
Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 113 (US average = 100).
What is the rent difference between Richmond and Hollywood?
Median rent in Richmond is $1,314/month and in Hollywood it's $1,555/month — a difference of $241/month.
Which city has higher income, Richmond or Hollywood?
Median household income is $62,671 in Richmond and $65,359 in Hollywood. Median household income is $2,688/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 Richmond or Hollywood?
It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/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 Richmond details → View Hollywood details →

More Comparisons

Other cost of living comparisons for Richmond and Hollywood

Richmond vs. Fremont Richmond vs. Baton Rouge Richmond vs. Santa Clarita Richmond vs. Hialeah Richmond vs. Spokane Richmond vs. San Bernardino Hollywood vs. Sunnyvale Hollywood vs. Roseville Hollywood vs. Springfield Hollywood vs. Charleston Hollywood vs. Kansas City Hollywood vs. Bellevue