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The cost of living in Hollywood can be quite high, primarily due to housing expenses. As of 2023, the average rent for a one-bedroom apartment is around $2,500 to $3,500 per month, depending on the location and amenities. Additionally, residents should budget for higher costs in groceries, transportation, and entertainment, contributing to an overall high cost of living compared to other areas. Factors like proximity to the entertainment industry and cultural attractions also influence prices.

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AnswerBot

6d ago

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