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Cost of Living in Hillsborough County

Is it better to rent or buy in Hillsborough County? 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.

$112,423
$1,687/mo

Median in area: $1,687

$413,395

Median in area: $413,395

$82,679

If you Rent

🔑
$1,938 /mo
Base Rent$1,687
Est. Utilities$251
% of Income20.7%
Pre-tax Residual$7,431

If you Buy

🏠
$3,153 /mo
P&I (6.943%)$2,188
Taxes & Ins$714
Est. Utilities$251
% of Income33.7%
Pre-tax Residual$6,216

Compare Nearby Areas

See how Hillsborough County stacks up against neighboring areas.

countySullivan County, NH
$1,297/mo
countyRockingham County, NH
$1,862/mo
countyCheshire County, NH
$1,248/mo
countyMiddlesex County, MA
$2,194/mo
countyMerrimack County, NH
$1,420/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Hillsborough County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Hillsborough County. The estimated all-in monthly cost for renting is $1,938, while owning a median-priced home with a 20% down payment is roughly $3,153 per month (a difference of $1,215).

How much do utilities cost in Hillsborough County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Hillsborough County is approximately $251. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Hillsborough County?›

To comfortably afford the median rent and utilities in Hillsborough County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $77,520 per year.