Quick facts: Hollywood, FL

Quick Facts

107.5
Cost of Living
above US average
152,650
Population
25.27
Crime Rate per 1000
above US average
$61,958
Median Income
below US average
$487,500
Median House Price
above US average
$2141
Average Rent
above US average
14%
Poverty Rate
above US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $61,958.

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Income Needed to Buy

βœ— Stretch
$153k/year
Based on $487,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $153k vs median $61,958
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Income Needed to Rent

⚠ Stretch
$92k/year
Based on $2141/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $92k vs median $61,958
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hollywood, FL

Hollywood, Florida, is a vibrant city located in Broward County, nestled between Fort Lauderdale and Miami. Known for its stunning beaches along the Atlantic Ocean, Hollywood boasts a 2.5-mile Broadwalk lined with shops, restaurants, and entertainment options. The city is home to a diverse community, offering a rich cultural scene with numerous art galleries, theaters, and music festivals. Outdoor enthusiasts will find plenty to do, from sunbathing on the beach to exploring the nearby parks like Hollywood North Beach Park and Anne Kolb Nature Center, which features hiking trails and wildlife viewing. The city's thriving dining scene showcases various cuisines, reflecting its multicultural makeup. Hollywood also offers a variety of family-friendly activities, including the popular Seminole Hard Rock Hotel and Casino, which features gaming, live performances, and upscale dining. With its warm, tropical climate and various leisure activities, Hollywood is a perfect destination for both locals and visitors seeking relaxation and entertainment. The city's close proximity to Miami and Fort Lauderdale makes it an ideal spot for exploring South Florida.

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