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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

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 2019 Certified Estimates, US Census Bureau American Community Survey 2018 5-Year Estimates

Oregon  Portland MSA   Hillsboro
Population 4,081,943 2,417,931 103,350
Labor Force Participation Rate 62.2% 66.8% 70.8%
Percentage of Population Over 25 with Bachelor’s Degree or Higher 32.9% 38.9% 40.7%
Median Age 39.2 37.9 34

 

Median Household Income

 City  Income
Source: US Census Bureau, American Community Survey 2018 5-Year Estimates
 Hillsboro:  $78,144
 Portland MSA:  $70,724
 Oregon:  $59,393

 

Cost of Living Comparison

The estimated median home value in Hillsboro is $389,000 and its cost of living index is 108.0.

 City  Median Home Prices  Cost of Living Index
Source: National Association of Realtors Q4 2019, Sperlings Cost of Living Index 2020
 Portland-Hillsboro, OR $410,900 130.8
 Seattle, WA $528,800 172.3
 San Francisco, CA $990,000 269.3
 San Jose, CA $1,246,000 214.5

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