Hillsborough, NC is an ideal place to live. It offers attractive housing options at an affordable cost compared to the national average. The two bedroom rent in Hillsborough is $1,280 while the US average is $1,430. Groceries are also slightly cheaper in this area as the grocery cost index is 99 versus 100 nationally. There are many businesses and recreational activities to explore within the city of Hillsborough. Companies such as Walmart, CVS Pharmacy, Home Depot, and Starbucks are all located here for residents' convenience. Additionally, there are a variety of recreational activities for people to enjoy. Whether it's hiking at Occoneechee Mountain State Natural Area or visiting the local farmers market on Saturdays, there's something for everyone in Hillsborough!
Hillsborough has an unemployment rate of 3.2%. The US average is 6.0%.
Hillsborough has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Hillsborough
- The Sales Tax Rate for Hillsborough is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Hillsborough is 5.5%. 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 $23,520 a year. The US average is $28,555 a year.
- The Median household income of a Hillsborough resident is $77,114 a year. The US average is $69,021 a year.