Hillsboro, IL Cost Of Living
Cost Of Living In Hillsboro, IL Summary
Cost of living in Hillsboro research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hillsboro is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hillsboro is 85, with 100 being the average.
The cost of living index in Hillsboro is 0.8x lower than the national average.
Hillsboro ranks as the #53 cheapest in Illinois out of 338.
Hillsboro ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Hillsboro is $94,900.
The median income in Hillsboro is $64,340.
Table Of Contents
Hillsboro's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hillsboro, IL?
According to the most recent data on the cost of living, Hillsboro has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Illinois, Hillsboro has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Hillsboro ranks as #53 most affordable out of the 338 places we measured in Illinois. By definition, that implies Hillsboro ranks as the #285 most expensive place in the Prairie State.
For more reading on life in Hillsboro, check out:
- Living In Hillsboro
- Hillsboro Crime Report
- Search Homes For Sale In Hillsboro, IL
In Illinois
In America
Hillsboro Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Hillsboro. Here is how it fairs on each of the criteria:
The Services index in Hillsboro is 103.
The Groceries index in Hillsboro is 95.
The Health index in Hillsboro is 104.
The Housing index in Hillsboro is 56.
The Transportation index in Hillsboro is 104.
The Utilities index in Hillsboro is 88.
| Living Expense | Hillsboro | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 85 | 92 | 100 | |
| Services | 103 | 95 | 100 | |
| Groceries | 95 | 98 | 100 | |
| Health | 104 | 96 | 100 | |
| Housing | 56 | 81 | 100 | |
| Transportation | 104 | 105 | 100 | |
| Utilities | 88 | 90 | 100 | |
Hillsboro, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hillsboro is $94,900.
The Median Rent in Hillsboro is $693.
The Median Income in Hillsboro is $64,340.
The Home Value To Income in Hillsboro is 1.5x.
The Rent To Monthly Income in Hillsboro is 0.13x.
| Statistic | Hillsboro | Illinois | United States |
|---|---|---|---|
| Median Home Value | $94,900 | $212,600 | $244,900 |
| Median Rent | $693 | $1,097 | $1,163 |
| Median Income | $64,340 | $72,563 | $69,021 |
| Home Value To Income | 1.5x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Hillsboro, IL Costs By Category
Detailed Hillsboro Services Costs Vs. Illinois
Detailed Hillsboro Groceries Costs Vs. Illinois
Detailed Hillsboro Health Costs Vs. Illinois
Detailed Hillsboro Transportation Costs Vs. Illinois
Detailed Hillsboro Utilities Costs Vs. Illinois
Hillsboro SnackAbility
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Cost Of Living In Cities Around Hillsboro
The cost of living varies in the cities and towns around Hillsboro. Here's a quick look at the cost of living in the most populous nearby places:
O'Fallon, IL has a cost of living index of 99, 1.2x Hillsboro.
Edwardsville, IL has a cost of living index of 98, 1.2x Hillsboro.
Godfrey, IL has a cost of living index of 90, 1.1x Hillsboro.
| City | Population | Cost Of Living | Vs. Hillsboro |
|---|---|---|---|
| O'Fallon, IL | 31,963 | 99 | 1.2x |
| Edwardsville, IL | 25,236 | 98 | 1.2x |
| Godfrey, IL | 17,812 | 90 | 1.1x |
| Chatham, IL | 14,245 | 102 | 1.2x |
| Shiloh, IL | 13,638 | 98 | 1.2x |
| Glen Carbon, IL | 13,532 | 97 | 1.1x |
| Troy, IL | 10,858 | 90 | 1.1x |
| Bethalto, IL | 9,414 | 86 | 1.0x |
| Mascoutah, IL | 8,803 | 92 | 1.1x |
| Maryville, IL | 8,115 | 98 | 1.2x |
