Cost of Living in Hillsborough, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
152.4
100 = national avg
+52.4 vs national average
Living Wage (1 Adult)
$67,040
per year
Living Wage (Family of 4)
$158,458
per year
Cost Index by Category
Housing180.8
Food125.3
Transportation150.5
Healthcare120.2
Utilities131.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,507
per month
2 Bedroom
$1,711
per month
The overall cost of living index in Hillsborough is 152.4, which is 52.4% above the national average. Housing costs are above the national average at an index of 180.8. A single adult needs to earn approximately $67,040 per year to cover basic expenses.