Hillsborough, CA is an affluent community located in the heart of the San Francisco Bay Area near Silicon Valley. With its close proximity to major tech companies such as Google, Facebook, Apple, and LinkedIn, the area continues to attract many professionals. There is also a variety of attractions and activities that residents can enjoy such as beautiful parks and gardens, local museums, historic trails, wineries, outdoor concerts, shopping centers and more. Additionally, Hillsborough’s cost of living is higher than the US average with 2 Bedroom Rent being $3,590 compared to $1,430 nationally. The Grocery Cost Index in Hillsborough is 124 versus 100 in the US. Despite the higher costs of living in Hillsborough compared to other parts of California and the nation overall, many continue to choose Hillsborough for its quality of life amenities.
Hillsborough has an unemployment rate of 5.0%. The US average is 6.0%.
Hillsborough has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Hillsborough
- The Sales Tax Rate for Hillsborough is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Hillsborough is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hillsborough
- The average income of a Hillsborough resident is $158,941 a year. The US average is $37,638 a year.
- The Median household income of a Hillsborough resident is $250,001 a year. The US average is $69,021 a year.