Hillsboro, IN vs Roanoke, IN

Hillsboro, IN and Roanoke, IN have a very similar cost of living, with only a 3.7% difference in their overall index. Hillsboro scores 72 while Roanoke scores 69 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Hillsboro is $1,038/month compared to $790/month in Roanoke — a 31% difference. Interestingly, home values tell a different story: while Roanoke has cheaper rent, Hillsboro actually has lower median home values ($93,100 vs $168,600).

Median household income in Hillsboro is $67,750 compared to $72,880 in Roanoke (-7%). Roanoke offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hillsboro spend roughly 18.4% of their income on rent, more than the 13% in Roanoke.