37342 Hillsboro, TN is a small town located in Coffee County, Tennessee. The cost of living in this area is quite affordable with the average 2 bedroom rent being only $810 compared to the US average of $1,430. Groceries are even more budget friendly with the grocery cost index being 95 versus 100 in the US. Local businesses include several restaurants such as Waffle House and Subway as well as a Dollar General store and other small shops.
Hillsboro (zip 37342) has an unemployment rate of 4.9%. The US average is 6.0%.
Hillsboro (zip 37342) 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 (zip 37342)
- The Sales Tax Rate for Hillsboro (zip 37342) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Hillsboro (zip 37342) 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 (zip 37342)
- The average income of a Hillsboro (zip 37342) resident is $18,822 a year. The US average is $28,555 a year.
- The Median household income of a Hillsboro (zip 37342) resident is $52,292 a year. The US average is $69,021 a year.