Hillsborough, FL Economy


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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 decrease by -4.3% 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 $35,954 a year. The US average is $37,638 a year.
- The Median household income of a Hillsborough County resident is $64,164 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHillsborough, FloridaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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