With a population of just 1,632, Hollywood, AL is a small but vibrant town located in Colbert County. The area boasts many local businesses including the historic J.F. Wooten's Grocery Store that has been family-run since 1902. Two bedroom rent in Hollywood is $750 per month which is much lower than the national average of $1,430 per month for two bedroom rentals. Additionally, the grocery cost index in Hollywood is 93 versus 100 in the US making groceries more affordable. Those looking to relocate or establish a new business can benefit from Alabama’s business friendly taxes, including sales tax exemptions on certain items that are used for manufacturing and an income tax credit for creating jobs in designated regions.
Hollywood (zip 35752) has an unemployment rate of 2.5%. The US average is 6.0%.
Hollywood (zip 35752) has seen the job market decrease by -4.1% 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 (zip 35752)
- The Sales Tax Rate for Hollywood (zip 35752) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Hollywood (zip 35752) 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 (zip 35752)
- The average income of a Hollywood (zip 35752) resident is $23,306 a year. The US average is $37,638 a year.
- The Median household income of a Hollywood (zip 35752) resident is $38,182 a year. The US average is $69,021 a year.