Hillsboro, AL is an affordable and idyllic small town located just outside of Birmingham. It has a population of around 2,000 people and is known for its low cost of living. Rent for a two bedroom apartment is just $750 a month – far lower than the US average of $1,430. Groceries are also relatively inexpensive with an index score of 93 compared to the US average at 100. The city provides a great quality of life with numerous outdoor activities available nearby as well as local businesses providing essential services to residents. Popular local companies include Hillsboro Auto Parts, Hill’s Bakery, Hill’s Barbershop, and Martin’s Hardware Store.
Hillsboro has an unemployment rate of 2.6%. The US average is 6.0%.
Hillsboro has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Hillsboro
- The Sales Tax Rate for Hillsboro is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hillsboro 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 Hillsboro
- The average income of a Hillsboro resident is $19,036 a year. The US average is $28,555 a year.
- The Median household income of a Hillsboro resident is $52,035 a year. The US average is $69,021 a year.