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Cost of Living in Hillsboro

Is it better to rent or buy in Hillsboro? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$55,701
$733/mo

Median in area: $733

$106,866

Median in area: $106,866

$21,373

If you Rent

🔑
$981 /mo
Base Rent$733
Est. Utilities$248
% of Income21.1%
Pre-tax Residual$3,661

If you Buy

🏠
$1,043 /mo
P&I (7.289%)$585
Taxes & Ins$210
Est. Utilities$248
% of Income22.5%
Pre-tax Residual$3,598

Cost of Living FAQs

Is it cheaper to rent or buy in Hillsboro?›

Based on median housing data, renting is currently more affordable on a monthly basis in Hillsboro. The estimated all-in monthly cost for renting is $981, while owning a median-priced home with a 20% down payment is roughly $1,043 per month (a difference of $62).

How much do utilities cost in Hillsboro?›

The average monthly utility cost (electricity and natural gas) for a typical home in Hillsboro is approximately $248. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Hillsboro?›

To comfortably afford the median rent and utilities in Hillsboro without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $39,240 per year.