Hollywood, FL is a city located in South Florida near Fort Lauderdale. It is known for its great beaches, parks, and lively nightlife. With two bedroom rent costing $1,820 compared to the US average of $1,430, Hollywood is an expensive place to live. However high cost of living does not equate to low quality as evidenced by the Grocery Cost Index of 106 versus the US average of 100. In Hollywood you can find various businesses such as Gulfstream Park Racing & Casino which offers dining and entertainment or Art and Culture Center of Hollywood which offers monthly art exhibitions. Notable local companies include JM Family Enterprises Inc., Memorial Healthcare System, and DHL Express USA Inc among others. With a bustling downtown area full of restaurants and shops as well as easy access to the beach - Hollywood is an ideal place to live or visit.
Hollywood has an unemployment rate of 5.7%. The US average is 6.0%.
Hollywood has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 41.2%, which is higher than the US average of 33.5%.
Tax Rates for Hollywood
- The Sales Tax Rate for Hollywood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hollywood is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hollywood
- The average income of a Hollywood resident is $26,118 a year. The US average is $28,555 a year.
- The Median household income of a Hollywood resident is $56,912 a year. The US average is $69,021 a year.