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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 110,000 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


	Oregon	Portland MSA	Hillsboro
Population	4,291,525	2,505,312	110,874
Labor Force Participation Rate	62.4%	66.6%	71.1%
Percentage of Population Over 25 with Bachelor’s Degree or Higher	35.5%	41.3%	41.7%
Median Age	39.9	38.8	34.5
Source: PSU Population Center 2023 Certified Estimates, US Census Bureau American Community Survey 2022 5-Year Estimates.

Median Household Income


City	Income
Hillsboro	$98,891
Portland MSA	$90,451
Oregon	$76,632
Source: US Census Bureau, American Community Survey 2022 5-Year Estimates.

Cost of Living Comparison

The estimated median home value in Hillsboro is $535,000 and its cost of living index is 121.1.

City/Region	Cost of Living Index	Median Home Prices
Hillsboro, OR	121.1	$535,000
Portland, OR	132.4	$520,000
Seattle, WA	167.8	$750,000
San Francisco, CA	244	$1,200,000
San Jose, CA	215	$1,300.000
Source: Realtor.com, January 2024, Sperlings Cost of Living Index 2023.