Cost of Living: Montgomery, IL vs Hollywood, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | Hollywood |
|---|---|---|
| Housing Index | 85.0 | 120.0 |
| Median Home Price | $260,000 | $417,000 |
| Average Rent (2 BR Apartment) | $1200 | $2300 |
| Average Rent (2 BR House) | $1245 | $2400 |
Housing Comparison: Montgomery vs Hollywood
- The median home price in Hollywood is higher at $417,000, compared to $260,000 in Montgomery.
- In Hollywood, the rental for a two-bedroom apartment stands at $2,300, while it is $1,200 in Montgomery.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Montgomery | Hollywood |
|---|---|---|
| Electricity Price | $16.15 | $13.89 |
| Natural Gas Price | $16.59 | $26.13 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Montgomery vs Hollywood
- Electricity costs are higher in Montgomery at $16.15 per kWh, compared to $13.89 in Hollywood.
- Hollywood experiences higher natural gas costs at $26.13 per unit, with costs at $16.59 in Montgomery.
- Hollywood has higher utility expenses, averaging $250, while Montgomery averages $200.