City of Hillsboro, OR
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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
| 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 |
|---|---|
| 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) |
|---|---|---|
| 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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