Housing costs in Hillsborough?
A typical home costs
$425,800, which is 25.9% more expensive than the national average of
$338,100 and 47.2% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Hillsborough costs
$1,240 per month, which is 11.7% more than the national average of
$1,110 and close to the state average of
$1,260.
Can I afford Hillsborough?
To live comfortably in Hillsborough (zip 27278), North Carolina, a minimum annual income of
$81,720 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Hillsborough?
The cost of living in 27278 Hillsborough, NC is relatively low compared to other parts of the country. The median home value in this zip code is $258,000, which is significantly lower than the national median home value. Additionally, Hillsborough has an overall sales tax rate of 6.75%, and groceries are taxed at 2.5%. The average rental rate in this area is around $1,222 per month for a one-bedroom apartment and $1,513 per month for a two-bedroom apartment. Overall, the cost of living in Hillsborough is reasonably affordable for those looking to live outside of major metropolitan areas.