Hollywood, AL is a small town in Alabama. Though it has a relatively low population, it is home to several local businesses, such as the Hollywood Grocery Store and Hollywood Pharmacy. The cost of living in Hollywood is lower than the national average; for example, the average two-bedroom rent in Hollywood is $730 compared to the US average of $1,430. The grocery cost index in Hollywood is also lower than the US average at 94 compared to 100 in the US. This makes it an attractive location for people looking for a lower cost of living without sacrificing access to services and amenities.
Hollywood has an unemployment rate of 2.5%. The US average is 6.0%.
Hollywood has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Hollywood
- The Sales Tax Rate for Hollywood is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Hollywood is 5.0%. 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 $23,127 a year. The US average is $28,555 a year.
- The Median household income of a Hollywood resident is $39,615 a year. The US average is $69,021 a year.