Welcome to Hollywood, Florida
A city that is as vibrant and diverse as it is welcoming. With its unique blend of cultural richness, economic dynamism, and friendly community spirit, Hollywood has something for everyone. Let’s take a closer look at key demographic, economic, and social characteristics that make this city a prime destination for potential residents or investors.
Average Salary in Hollywood
Its average salary is a central indicator of Hollywood’s robust economy. The earnings compete favorably with many other locations nationwide, with a figure standing at $56,000. This competitive wage, combined with a wide range of job opportunities in sectors as diverse as Entertainment, healthcare, technology, retail, education makes Hollywood an ideal location for professionals from various walks of life.
Median Home Value in Hollywood
The real estate landscape in Hollywood is as varied as it is promising. The median home value is $270,000, offering everything from cosy starter homes to luxurious residences. An impressive homeownership rate of 68.50% underlines Hollywood as a prime spot for long-term investment and stability.
For those who prefer the flexibility of renting, they’ll be in good company. 31.50% of the local populace choose to rent, drawn by a versatile rental market that offers options for everyone from recent graduates to retirees.
Credit Ratings and Loan Opportunities in Hollywood
The financial health of a city’s residents can be crucial in numerous aspects, including the capacity to secure loans. In Florida, the average credit score sits at 707. This rating is a key factor for financial institutions when offering loans, with higher scores often leading to more favorable loan conditions.
However, a low credit score is not a roadblock in Hollywood. Numerous lenders in the city are specialists in offering guidance and loan solutions to individuals across the credit score spectrum, ensuring everyone has the opportunity to realize their financial goals.
Demographics and Density in Hollywood
Hollywood has a population of around 152,131 inhabitants. These residents are comfortably spread across 27.3 sq mi (or 70.7 km2), ensuring a comfortable balance of urban life without the pressures of overpopulation. The city’s population density stands at 5,607 individuals per square mile, offering a sense of community while still allowing for personal space.
Economic Landscape in Hollywood
Hollywood enjoys a thriving economy with Entertainment, healthcare, technology, retail, education being the major contributors. The proximity of the nearest airport (Fort Lauderdale-Hollywood International Airport (FLL)), amplifies the city’s attractiveness for businesses seeking to expand or set up shop, offering excellent connectivity with both national and international markets. The city’s average credit score of 707 reflects a financially responsible and economically active populace.
Educational Opportunities in Hollywood
Hollywood holds education in high esteem. The city boasts top-ranking schools, such as Hollywood Hills High School, McArthur High School, South Broward High School, Sheridan Technical High School, Beachside Montessori Village, providing excellent educational opportunities from the foundational levels. For higher education, prestigious institutions like McFatter Technical College, Sheridan Technical College and Hollywood Institute of Beauty Careers, produce a well-educated, competent workforce contributing to Hollywood’s vibrant economy and societal fabric.
City’s Alias: Hollywood
Affectionately known as ‘Diamond of the Gold Coast or H-Town‘, Hollywood, positioned at 26.03°N 80.16°W, is celebrated for its energetic culture, committed efforts to preserve its rich history, and the superior lifestyle it provides its residents. Whether you’re a potential resident, investor, or visitor, Hollywood promises a rewarding and enriching experience.
Recreation and Lifestyle in Hollywood
Experience the exciting pace of life in Hollywood, where many recreational activities await. Whether you’re an art enthusiast, a sports fanatic, or a nature lover, Hollywood caters to all. Popular attractions include Hollywood Beach, Hollywood Broadwalk and Anne Kolb Nature Center, providing a rich mixture of educational and entertainment experiences.
The city’s commitment to promoting a balanced lifestyle is further showcased by its array of parks and open spaces, ideal for relaxation or active pursuits. Not to forget Hollywood’s vibrant events calendar, filled with cultural festivals, sporting events, and community gatherings that highlight the city’s spirit of camaraderie.