Cost of Living in Hillsboro, OR
Housing
The housing market plays a significant role in determining the cost of living in Hillsboro, OR.
- Housing Index: 120.5 / 100
- Median Home Price is: $487,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
When considering a move to Hillsboro, OR, it's essential to note its housing index of 120.5, clearly indicating the cost of living is above the national average. The median home price stands at 487000, suggesting that purchasing property here may require a substantial investment. For renters, the average costs of 1800 for a 2-bedroom apartment and 1840 for a 2-bedroom house further reflect the competitive rental market. Exploring additional factors like local amenities and job opportunities can also be vital for making an informed decision about relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hillsboro, OR.
- Electricity Price: $15.12 USD (median by state)
- Natural Gas Price: $16.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Hillsboro, OR could entail higher utility costs. Electricity costs sit at $15.12, while natural gas is priced at $16.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hillsboro is a financially viable option for your relocation.