Hollywood, FL vs Margate, FL

Hollywood, FL and Margate, FL have a very similar cost of living, with only a 3.5% difference in their overall index. Hollywood scores 117 while Margate scores 113 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 Hollywood is $1,555/month compared to $1,662/month in Margate — a 6% difference. Interestingly, home values tell a different story: while Hollywood has cheaper rent, Margate actually has lower median home values ($286,200 vs $374,200).

Median household income in Hollywood is $65,359 compared to $60,852 in Margate (+7.4%). While Hollywood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hollywood spend roughly 28.6% of their income on rent, less than the 32.8% in Margate. The Hollywood ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (77.2°F vs 76.8°F). Hollywood receives more rainfall at 60.9" per year compared to 56.5" in Margate.