Hollywood, FL vs Miami, FL

Hollywood is moderately more affordable than Miami, with a 8.9% lower cost of living index. Hollywood scores 117 compared to 128 for Miami, where the US average is 100. This difference means residents of Miami can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hollywood is $1,555/month compared to $1,657/month in Miami — a 6% difference. Home values follow the same pattern: Hollywood is more affordable at $374,200 median vs $475,200.

Median household income in Hollywood is $65,359 compared to $59,390 in Miami (+10.1%). Hollywood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hollywood spend roughly 28.6% of their income on rent, less than the 33.5% in Miami. 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 76.1°F). Hollywood receives more rainfall at 60.9" per year compared to 57.2" in Miami.