Housing costs in Hillsboro?
A typical home costs
$113,000, which is 66.6% less expensive than the national average of
$338,100 and 49.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Hillsboro costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 21.0% cheaper than the state average of
$980.
Can I afford Hillsboro?
To live comfortably in Hillsboro, Indiana, a minimum annual income of
$21,600 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Hillsboro?
The cost of living in Hillsboro, IN is fairly affordable compared to other areas of the state. According to BestPlaces's Cost of Living Index for 2019, Hillsboro has an index score of 79.5, which is 3.5 points below the average for Indiana as a whole. Housing costs in particular are quite reasonable with an index score of 72.2, over 10 points lower than the national average of 83.1. This makes renting or owning a home in the area both accessible and affordable for most residents. In addition, goods and services such as groceries, transportation, and healthcare are also reasonably priced in comparison to similar cities in Indiana and throughout the United States.