Cost of Living in Hollywood, FL
Housing
The housing market plays a significant role in determining the cost of living in Hollywood, FL.
- Housing Index: 120.0 / 100
- Median Home Price is: $417000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2400 per month
Considering the current housing data for Hollywood, FL, the housing index is relatively high at 120.0. With a median home price of 417000, potential buyers may find it challenging to enter the market. Rental options are appreciably priced as well, with an average rent of 2300 for a 2-bedroom apartment and 2400 for a house. These figures suggest a competitive rental market, likely influenced by demand for available housing. When weighing options, consider local job opportunities and lifestyle factors that can also impact your long-term satisfaction with the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hollywood, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Hollywood, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hollywood is a financially viable option for your relocation.