Boynton Beach, FL vs Hollywood, FL

Boynton Beach, FL and Hollywood, FL have a very similar cost of living, with only a 4.5% difference in their overall index. Boynton Beach scores 122 while Hollywood scores 117 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Boynton Beach is $1,896/month compared to $1,555/month in Hollywood — a 22% difference. Interestingly, home values tell a different story: while Hollywood has cheaper rent, Boynton Beach actually has lower median home values ($312,700 vs $374,200).

Median household income in Boynton Beach is $71,378 compared to $65,359 in Hollywood (+9.2%). While Boynton Beach is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Boynton Beach spend roughly 31.9% of their income on rent, more than the 28.6% in Hollywood. The Hollywood ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.