Cape Coral, FL vs Hollywood, FL

Cape Coral, FL and Hollywood, FL have a very similar cost of living, with only a 0.1% difference in their overall index. Cape Coral scores 117 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 Cape Coral is $1,751/month compared to $1,555/month in Hollywood — a 13% difference. Interestingly, home values tell a different story: while Hollywood has cheaper rent, Cape Coral actually has lower median home values ($339,200 vs $374,200).

Median household income in Cape Coral is $76,062 compared to $65,359 in Hollywood (+16.4%). Cape Coral offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cape Coral spend roughly 27.6% of their income on rent, less than the 28.6% in Hollywood.