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: $487000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 110.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $98891

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Hillsboro, OR, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.