Hillsboro cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index8798100
Goods & Services index10598100
Groceries index9597100
Health care index104100100
Housing index5595100
Transportation index102112100
Utilities index8997100
Displayed above is a general overview of the Hillsboro, IL cost of living index. The overall cost of living index in Hillsboro, IL is 87, which is 12% lower than the Illinois average and 13% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Hillsboro, IL are 7% higher than the Illinois average and 5% higher than the national average.
For Sale
For Rent

Find real estate listings

Find rental listings

How would you rate the cost of living in Hillsboro?View resultsWrite a review to give others more information about this area.
Is the cost of living increasing or decreasing in Hillsboro?View resultsWrite a review to give others more information about this area.

Did you know?

  • The cost of living in Hillsboro is 12% lower than the Illinois average.
  • The cost of living in Hillsboro is 13% lower than the national average.
  • The cost of housing in Hillsboro is 45% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 123% higher than the national average.

Compare Hillsboro, IL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Hillsboro, IL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Hillsboro, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Hillsboro, IL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Hillsboro, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Hillsboro, IL homeowners have a median income of $60,104. Using that number, you will come up with a maximum of $1,402 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $24,000, which means there is a maximum of $560 to be spent on the costs of renting a home or apartment.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Hillsboro, IL and want to know what the true cost of living is, they ought to look at both the Illinois income tax rate and the Illinois sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Illinois, the sales tax is 6.25%, while the most you'll pay in surtax is 10.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Illinois, the income tax rate ranges between 4.95% to 4.95%.

Goods & Services

ItemHillsboroNational avg.Difference
Haircut $10.71$17.4938.7%
Beauty Salon $32.39$38.1715.1%
Toothpaste $2.21$2.324.8%
Shampoo $0.89$1.0112.4%
Movie $11.99$10.7211.8%
Bowling $6.40$13.8653.9%


ItemHillsboroNational avg.Difference
Ground Beef $3.69$3.905.4%
Fried Chicken $1.40$1.400.5%
Milk $1.72$1.9612.5%
Potatoes $2.86$3.1810.1%
Pizza $12.73$10.3922.4%
Beer $8.22$9.2310.9%

Health Care

ItemHillsboroNational avg.Difference
Optometrist $74.00$106.3430.4%
Doctor $133.89$115.2516.2%
Dentist $89.33$98.389.2%
Ibuprofen $9.21$9.260.6%
Lipitor $431.02$466.477.6%


ItemHillsboroNational avg.Difference
Home Price $91,700.00$184,700.0050.4%
Avg. Mortgage Payment $998.55$1,273.3221.6%
Apartment Rent $634.00$949.0033.2%


ItemHillsboroNational avg.Difference
Gasoline $2.25$2.5913.2%
Tire Balancing $48.87$48.900.1%


ItemHillsboroNational avg.Difference
All Electricity$159.87$167.604.6%
Phone $23.34$163.4285.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Walshville, IL3575-25%
Ohlman, IL11379-21%
Coalton, IL26980-20%
Irving, IL41481-19%
Waggoner, IL18381-19%
Hillsboro, IL7,28787-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Albertville, MN7,2861055%
North Amherst, MA7,29013030%
New Cumberland, PA7,29098-2%
Lincolnshire, IL7,29115353%
Midland Park, NJ7,28314444%
Hillsboro, IL7,28787-13%
Source: The Hillsboro, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
Are you looking to buy or sell?
What style of home are you
What is your
When are you looking to
ASAP1-3 mos.3-6 mos.6-9 mos.1 yr+
Connect with top real estate agents
By submitting this form, you consent to receive text messages, emails, and/or calls (may be recorded; and may be direct, autodialed or use pre-recorded/artificial voices even if on the Do Not Call list) from AreaVibes or our partner real estate professionals and their network of service providers, about your inquiry or the home purchase/rental process. Messaging and/or data rates may apply. Consent is not a requirement or condition to receive real estate services. You hereby further confirm that checking this box creates an electronic signature with the same effect as a handwritten signature.