Hollywood, MN is a charming town located in the midwest United States known for its friendly atmosphere and diverse population. It offers an affordable cost of living, with 2-bedroom rent being only $1,350 compared to the national average of $1,430. The Grocery Cost Index is also lower than the national average at 101, making it an ideal choice for families looking to stretch their dollars further. Local businesses in Hollywood include Farmer's Choice Meats, Buske Lines Trucking & Excavating, and Cozy Corner Cafe. These businesses not only offer employment opportunities but also help bring people together within the community. With its great schools, low crime rate, and convenient location near major highways and airports, Hollywood is a great place to call home!
Hollywood has an unemployment rate of 3.7%. The US average is 6.0%.
Hollywood has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Hollywood
- The Sales Tax Rate for Hollywood is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hollywood is 7.1%. 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 $36,300 a year. The US average is $28,555 a year.
- The Median household income of a Hollywood resident is $84,115 a year. The US average is $69,021 a year.