Hillsboro, NM is a small town located between Las Cruces and Alamogordo. It is the county seat of Sierra County and has a population of less than 500 residents. The cost of living in Hillboro is relatively low compared to the US average with an average 2 bedroom rent of $720 compared to the US average of $1,430 and a Grocery Cost Index that is equal to the US at 100. There are a few local companies in Hillsboro such as Sierra County Electric Coop, Inc., A&A Automotive & Tire Center, Taos Carpet Care, Texas True Value Hardware Store, Hillsboro Welding Supply Co., and Stan's Body Shop Inc.
Hillsboro has an unemployment rate of 9.4%. The US average is 6.0%.
Hillsboro has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Hillsboro
- The Sales Tax Rate for Hillsboro is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hillsboro is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hillsboro
- The average income of a Hillsboro resident is $30,666 a year. The US average is $28,555 a year.
- The Median household income of a Hillsboro resident is $17,000 a year. The US average is $69,021 a year.