Somerset County · New Jersey · Northeast · 23k residents
Hillsborough, NJ: economy, jobs & business costs
The site-selection read on Hillsborough: labor costs, talent, corporate tax, energy, and business activity, with the New Jersey median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $2,173/wk. New Jersey's corporate income tax rate is 11.5%. Commercial electricity averages 14.6¢/kWh.
Compare Hillsborough side by side
Avg. weekly wage
$2,173/wk
Corporate income tax
11.5%
Bachelor's degree or higher
60.6%
Commercial electricity
14.6¢/kWh
Economic momentum
How fast Hillsborough's economy is moving, ranked against the US cities we track.
77/100
Heating
Ranks Hillsborough's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $435,700 |
| Price per sq. ft. | $300 |
| Property tax rate | 2.2% |
| 1-bedroom rent | $1,758/mo |
| 2-bedroom rent | $2,228/mo |
| State & local income tax | 2.26% |
| Sales tax | 6.6% |
| Corporate income tax | 11.5% |
| Avg. weekly wage | $2,173/wk |
| Bachelor's degree or higher | 60.6% |
| Commercial electricity | 14.6¢/kWh |
| Businesses per 1k residents | 31.2/1k |
| Wage: Software developer | $166,830 |
| Wage: Registered nurse | $119,720 |
| Wage: General manager | $157,000 |
| Wage: Customer service | $49,590 |
| Wage: Warehouse worker | $38,600 |
| Wage: Heavy truck driver | $65,040 |
| Wage: Electrician | $79,020 |
| Wage: Retail salesperson | $38,280 |
| Cost of living index | 121 |
| Groceries index | 106 |
| Utilities | $180/mo |
| Transit pass | $100/mo |
| Gas price | $3.25/gal |
| Healthcare index | 103 |
| Childcare (per child) | $1,350/mo |
| Median household income | $144,112 |
| Unemployment rate | 4.5% |
| Population | 23k |
| Crime index | 25/100 |
| School rating | 8.3/10 |
| Walkability | 30/100 |
| Disaster risk | 91/100 |
| Avg. commute | 32 min |
| Sunny days / year | 205 days |
| July high | 85°F |
| January low | 22°F |
| Annual snowfall | 24 in |
| Home price YoY | — |
| Home price MoM | — |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | +1.0% |
| Building permits YoY | +64.9% |
| Ocean coast | 34 mi |
| Big lake | 94 mi |
| Mountains | 55 mi |
| Major airport | 28 mi |
| Ski resort | 55 mi |
Popular comparisons
Nearby
- Somerset, NJ · 23k
- Princeton, NJ · 31k
- New Brunswick, NJ · 56k
- Princeton Meadows, NJ · 16k
- Highland Park, NJ · 15k
Similar size
- Roselle, NJ · 23k
- Summit, NJ · 23k
- North Plainfield, NJ · 23k
- Secaucus, NJ · 22k
- Lindenwold, NJ · 22k
Real listings in Hillsborough
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Hillsborough a good place to run a business?
- New Jersey's corporate income tax rate is 11.5%; average weekly wages in the surrounding labor market run $2,173/wk; commercial electricity averages 14.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Hillsborough, NJ?
- Hillsborough indexes at 121 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,228/mo and a acs median home value of $435,700.
- How much does a house cost in Hillsborough?
- The acs median home value in Hillsborough is $435,700 (Census ACS estimate; individual listings vary).
- How much is rent in Hillsborough?
- A two-bedroom in Hillsborough rents for about $2,228/mo.