Cost of Living: Norfolk, VA vs Hollywood, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Norfolk | Hollywood |
|---|---|---|
| Housing Index | 110.0 | 120.0 |
| Median Home Price | $292,000 | $417,000 |
| Average Rent (2 BR Apartment) | $1800 | $2300 |
| Average Rent (2 BR House) | $1840 | $2400 |
Housing Comparison: Norfolk vs Hollywood
- The median home price in Hollywood is higher at $417,000, compared to $292,000 in Norfolk.
- In Hollywood, the rental for a two-bedroom apartment stands at $2,300, while it is $1,800 in Norfolk.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Norfolk | Hollywood |
|---|---|---|
| Electricity Price | $15.31 | $13.89 |
| Natural Gas Price | $19.91 | $26.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Norfolk vs Hollywood
- Electricity costs are higher in Norfolk at $15.31 per kWh, compared to $13.89 in Hollywood.
- Hollywood experiences higher natural gas costs at $26.13 per unit, with costs at $19.91 in Norfolk.
- Utility expenses are equal in both Norfolk and Hollywood averaging $250.