Hillsboro, IL is a charming small town located in the heart of Illinois. It is home to a variety of local businesses, including Hillsboro Bank, Manor Village Shopping Center, and Hillman's Bakery. This community offers affordable 2 bedroom rent at only $700 per month compared to the US average of $1,430. Additionally, grocery costs are low with an index score of 92 versus 100 in the US. With its close proximity to nature trails and outdoor recreation areas such as Lake Le-Aqua-Na State Park and Fort Harrison State Park, it's easy to see why Hillsboro is a sought after destination for those looking for both convenient city amenities and natural beauty.
Hillsboro has an unemployment rate of 6.4%. The US average is 6.0%.
Hillsboro has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Hillsboro
- The Sales Tax Rate for Hillsboro is 7.3%. 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 $20,441 a year. The US average is $37,638 a year.
- The Median household income of a Hillsboro resident is $64,340 a year. The US average is $69,021 a year.