Hillsborough, FL County is an attractive area to live due to the relatively low rent and cost of living compared to US averages. Rent for a two bedroom apartment is $1,660, much cheaper than the U.S. average of $1,430. The grocery cost index in Hillsborough County is 105 compared to 100 in the US. Companies such as Busch Gardens Tampa Bay, Coca-Cola Beverages Florida and TECO Energy are all located within Hillsborough County giving its residents a variety of job opportunities.
Hillsborough County has an unemployment rate of 4.6%. The US average is 6.0%.
Hillsborough County 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 42.6%, which is higher than the US average of 33.5%.
Tax Rates for Hillsborough County
- The Sales Tax Rate for Hillsborough County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hillsborough County 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 Hillsborough County
- The average income of a Hillsborough County resident is $27,532 a year. The US average is $28,555 a year.
- The Median household income of a Hillsborough County resident is $64,164 a year. The US average is $69,021 a year.