States › Florida › Hollywood

Is Hollywood, FL expensive to live in?

ExpensiveRent takes 33 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,99013% higher than U.S. average
💵 Families earn per year (2026)$72,478about $6,040/month · 17% lower than U.S. average
🔑 House price$410,60023% higher than U.S. average

Rent is higher than in 68% of U.S. cities. A typical house costs about 5.7 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $79,600 a year. That is $38 an hour at a full-time job.

Is rent cheaper than other Florida cities?

No. Rent here is more expensive than in most of Florida. It is number 251 of 479 cities from cheapest to most expensive.

Hollywood
$1,990
Gainesville
$1,510
Pembroke Pines
$2,705
Miramar
$2,670
Coral Springs
$2,632
Lehigh Acres
$2,287
Palm Bay
$1,870

How much do households earn in Hollywood?

Under $25k
15.2%
$25k–50k
22.9%
$50k–100k
32.4%
$100k–150k
13.8%
$150k+
9.9%

Share of households by yearly income. 23.7% of households earn $100,000 or more.

Rent by apartment size in Hollywood

SizeHollywoodU.S. average
Studio$1,444$1,338
1 bedroom$1,458$1,324
2 bedrooms$1,969$1,509
3 bedrooms$2,411$1,698
4 bedrooms$2,915$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Hollywood overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hollywood, so the Florida figure is shown.

Taxes and bills in Hollywood

🏛️ Property tax$3,563a year · 0.87% of home value · U.S. $3,119
⚡ Electric bill$157a month (typical) · U.S. $156

Life in Hollywood

Commute to work29.4 minU.S.: 26.4 min
College degree33.8%U.S.: 35.7%
Own their home58.9%U.S.: 65.2%
Below poverty line14.7%U.S.: 12.5%
Unemployment6.5%U.S.: 5.2%

Is it cheaper to rent or buy in Hollywood?

Renting is cheaper right now: about $859 a month less.

Renting
$1,990
Owning
$2,849

Owning assumes a typical $410,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $41,060 for the down payment.

Frequently asked questions

What is the average rent in Hollywood, FL?

Renting in Hollywood costs a median of about $1,990 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Hollywood?

To keep rent under 30% of income, you need about $79,600 a year, or $38 an hour at a full-time job.

Is Hollywood cheap or expensive?

Hollywood is rated Expensive: rent takes 32.9% of the typical household income of $72,478. It ranks 251st cheapest of 479 Florida cities we track.

How much are property taxes in Hollywood?

The median homeowner in Hollywood pays $3,563 a year in property taxes, about 0.87% of the median home value.

Is Hollywood more expensive than the national average?

Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Hollywood?

The median home value in Hollywood is $410,600, about 5.7 times the typical yearly household income.

155,082 people live in Hollywood. Numbers are typical (middle) values.