Hollywood, FL vs Tampa, FL

Hollywood, FL and Tampa, FL have a very similar cost of living, with only a 2.5% difference in their overall index. Hollywood scores 117 while Tampa scores 114 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 $1,567/month in Tampa — a 1% difference. Home values follow the same pattern: Hollywood is more affordable at $374,200 median vs $375,300.

Median household income in Hollywood is $65,359 compared to $71,302 in Tampa (-8.3%). Tampa 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, more than the 26.4% in Tampa.

Climate-wise, both cities share similar average temperatures (77.2°F vs 74.5°F). Hollywood receives more rainfall at 60.9" per year compared to 49.5" in Tampa.