Demographic & Economic Data

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Hillsboro Demographic and Economic Data

Founded in 1842, Hillsboro is a technology and manufacturing hub for the Portland Metropolitan region. Since 1950, it has grown from 5,000 to over 100,000 due to diverse industries and job growth that consistently out performs the region and US. Today, Hillsboro is Oregon's fifth largest city and has one of the healthiest economies in the Northwest. Also, it happens to be one of the most affordable locations on the west coast.

Economic Strengths

  • Leading edge industries with strong export orientation
  • Job growth that consistently outpaces the region and US
  • One of the few regions offering large industrial and commercial sites with ready infrastructure

Talent & Workforce Strengths

  • Residents with a higher than average educational attainment
  • Residents with a higher than average labor force participation rate
  • High concentrations of key jobs that drive economic expansion (e.g. engineers, software developers, scientists, and skilled production technicians)

Demographic Strengths

  • The fifth largest city in Oregon
  • One of the most ethnically diverse populations in the state
  • A younger than average median age with a labor force positioned for long-term growth

Population

Source: PSU Population Center, US Census Bureau American Community Survey 2017 1-year estimates

Oregon  Portland MSA   Hillsboro
Population  4,141,100  2,430,000 101,540
Labor Force Participation Rate  62.4%  67.3% 74.5%
Percentage of population over 25 with bachelor’s degree or higher  32.7%  38.9%  44.3%
Median Age  39.3  38.2  33.5

 

Age Distribution—Hillsboro 2016

 

 Sources: US Census Bureau, American Community Survey, 2016

 

Racial/Ethnic Distribution—Hillsboro 2016

 

Sources: US Census Bureau, American Community Survey, 2016

 

Median Household Income

 City  Income
Source: US Census 2016, American Community Survey 2016
 Hillsboro:  $70,180
 Portland:  $58,423
 Oregon:  $53,270

 

Cost of Living Comparison

The estimated median home value in Hillsboro is $351,200 (2016 NAR estimate), and its cost of living index is 128.5.

 

 City  Median Home Prices  (2016)  Cost of Living Index (2016)
Source: C2ER 2017, National Association of Realtors 2018
 Portland-Hillsboro, OR  $384,800  129.1
 Seattle, WA  $484,400  148.8
 Los Angeles, CA $545,500
 147.8
 San Diego, CA $610,000  145.9
 San Francisco, CA $917,000  192.6
 San Jose, CA $1,373,000  148.9

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