Hillsboro, TN is a small town with a population of about 2,500 people. The cost of living in Hillsboro is relatively low compared to the US average; the rent for a two bedroom apartment is $760, whereas the US average is $1,430, and its Grocery Cost Index is 95 versus 100 in the US. It offers many great activities and amenities for residents to enjoy. There are several local businesses in Hillsboro such as Clyde’s BBQ & Grill, Hilltop Diner, Eager Beaver Markets, and Boutwell’s Flooring. These businesses serve as an important part of the community and feature products that can only be found locally.
Hillsboro has an unemployment rate of 4.9%. 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 40.2%, which is higher than the US average of 33.5%.
Tax Rates for Hillsboro
- The Sales Tax Rate for Hillsboro is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Hillsboro is 0.0%. 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 $16,786 a year. The US average is $28,555 a year.
- The Median household income of a Hillsboro resident is $33,295 a year. The US average is $69,021 a year.