Cost of Living: Springfield, MO vs Hollywood, FL (2026)

Springfield

Missouri
60
VS

Hollywood

Florida
113

Springfield is 47% cheaper than Hollywood.

$920/mo ↓ 41%
Median Rent
$1,555/mo ↑ 69%
$45,984/yr ↓ 30%
Median Income
$65,359/yr ↑ 42%
$165,200 ↓ 56%
Home Value
$374,200 ↑ 127%
$908/mo ↓ 42%
Owner Costs
$1,568/mo ↑ 73%
169,432
Population
152,935

Tax Comparison

4.95%
Income Tax
0%
4.225%
State Sales Tax
6.0%
0.93%
Property Tax
0.86%

Affordability

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

Detailed Comparison

When comparing Springfield, MO and Hollywood, FL, the overall cost of living indices are 60 and 113 respectively (national median = 100). Rent is $635/month cheaper in Springfield, saving renters about $7,620/year.

Median household income is $19,375/year higher in Hollywood. Home values also differ significantly — the median in Springfield is $165,200 compared to $374,200 in Hollywood.

Florida has no state income tax, giving Hollywood residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Springfield vs Hollywood — common questions

Is Springfield or Hollywood cheaper to live in?
Based on our cost index, Springfield is cheaper to live in with an index of 60 compared to 113 (US average = 100).
What is the rent difference between Springfield and Hollywood?
Median rent in Springfield is $920/month and in Hollywood it's $1,555/month — a difference of $635/month.
Which city has higher income, Springfield or Hollywood?
Median household income is $45,984 in Springfield and $65,359 in Hollywood. Median household income is $19,375/year higher in Hollywood.
How do taxes compare between Missouri and Florida?
Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Springfield or Hollywood?
It depends on your priorities. Springfield has a cost index of 60 with median rent of $920/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 Springfield details → View Hollywood details →

More Comparisons

Other cost of living comparisons for Springfield and Hollywood

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