Hillsboro, VA is a small town located in the Southern Virginia region with many attractions and amenities. Founded in 1780, the city has a rich history that dates back to the Revolutionary War. It is home to several local businesses such as Hillsboro Tavern, Rehoboth Farms & Orchards, and Crossroads Antiques. These local businesses offer unique services and products that are sure to add to any visit or shopping experience. The cost of living in Hillsboro is slightly higher than average when compared to other cities in the US; for example, 2 Bedroom rent is about $1,610 compared to $1,430 on average in the US and grocery cost index is 114 versus 100 in the US. Despite this higher cost of living it is still an inexpensive place to live with many fun activities available for all ages.
Hillsboro has an unemployment rate of 4.1%. The US average is 6.0%.
Hillsboro has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 43.0%, which is higher than the US average of 33.5%.
Tax Rates for Hillsboro
- The Sales Tax Rate for Hillsboro is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hillsboro is 5.8%. 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 $52,791 a year. The US average is $37,638 a year.
- The Median household income of a Hillsboro resident is $0 a year. The US average is $69,021 a year.