Cost of Living in Hillsboro, TX

With a cost of living index of 72, Hillsboro, TX is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 16% below the Texas state average of 88. Hillsboro is a smaller community of 8,375 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Hillsboro's cost of living. The median monthly rent is $948 (28% below the US median of $1,319), and the median home value sits at $118,400 (61% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Hillsboro is $55,761, which is 26% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Hillsboro. The area sees an average annual temperature of 67.1°F, with summers averaging 84°F and winters around 49°F. Annual rainfall totals 36.4 inches spread over roughly 80 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.