Cost of Living in Hillsboro, IL
Population 5,693 · Illinois · Data vintage 2023
(100 = US avg)
Hillsboro's median household income of $48,158 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (16% here).
Located 45 miles south of Springfield, Hillsboro falls within that metro's commuting orbit. Median home values run roughly 38% lower than Springfield's $155,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hillsboro
The median home value in Hillsboro is $95,800 — 69% below the national median of $305,000. Median rent runs $841/month, 36% lower than the national median of $1,314/month. The median household income of $48,158/year is 35% lower than the US median of $74,580. The local unemployment rate is 5.4%, above the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Hillsboro has a cost of living index of 44 versus the US average of 100, meaning it is 56% less expensive.
Hillsboro has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Hillsboro, IL?
Hillsboro has a cost index of 44 (100 = national average). It is 56% below the national average.
What is average rent in Hillsboro, IL?
The median gross rent in Hillsboro is $841 per month based on 2023 Census data.
What is the average home price in Hillsboro?
The median home value in Hillsboro is $95,800 according to Zillow and Census data.
What is the median income in Hillsboro?
The median household income in Hillsboro is $48,158 per year (2023 ACS 5-year estimates).
What is the sales tax in Hillsboro, IL?
The combined state and local sales tax rate in Hillsboro is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Hillsboro, IL affordable?
Yes, Hillsboro is generally considered affordable, with a cost of living index of 44 — about 56% below the US national average of 100.
Hillsboro at a Glance
- Population
- 5,693
- Median Income
- $48,158
- Home Value
- $95,800
- Median Rent
- $841/mo
- Unemployment
- 5.4%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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