Hollywood vs Memphis
Cost of Living Comparison · 2026
Hollywood
Memphis
The Verdict
The cost gap between these cities is 32.1%, with Memphis being the more affordable option. A $75,000 income in Hollywood has equivalent purchasing power to $56,757 in Memphis.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Hollywood has the same purchasing power as $56,757 in Memphis.
Conversely, $75,000 in Memphis equals $99,107 in Hollywood.
Living in Hollywood vs Memphis
Housing Costs
Hollywood's housing index of 130 is higher Memphis's 63, translating to median home prices of $424,000 vs $155,000. The $269,000 difference in home prices means roughly $17,484 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,725/mo in Hollywood compared to $1,000/mo in Memphis, a monthly difference of $725.
Grocery & Food Costs
Grocery expenses index at 104 in Hollywood and 93 in Memphis. A household spending the national average of $475/month on groceries would pay approximately $494/month in Hollywood vs $442/month in Memphis. Memphis offers a meaningful advantage on everyday food costs, saving roughly $624/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 96 in Hollywood and 88 in Memphis. Monthly utility bills average approximately $384 in Hollywood vs $352 in Memphis. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 96 in Hollywood and 92 in Memphis. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $60,300 in Hollywood and $41,228 in Memphis. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $54,324 and $49,081 respectively. Hollywood residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,407/month to housing in Hollywood vs $962/month in Memphis. In Hollywood, median rent of $1,725/mo exceeds this threshold, suggesting renters may feel stretched. In Memphis, median rent of $1,000/mo pushes past the recommended limit. The biggest category-level difference between these two cities is Housing, where the gap is 67 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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