Town22,214 people

Hillsborough, NJ

Discover how far your salary goes in Hillsborough. Compare taxes, rent, and living costs.

Cost Index
170
💰 Expensive
Population

22,214

State Tax

10.8%

1BR Rent

$1,995

/month

vs National

+43%

above avg

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Rent Prices in Hillsborough

🏠

Studio

$1,596

/month

$19,152/year

Most Common
🛏️

1 Bedroom

$1,995

/month

$23,940/year

🏡

2 Bedroom

$2,693

/month

$32,316/year

🏘️

3 Bedroom

$3,491

/month

$41,892/year

Taxes in New Jersey

State Income Tax

New Jersey

10.8%

For a $100k salary, that's ~$10,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Hillsborough, NJ?

Hillsborough has a cost of living index of 170, which is 70% above the national average. A 1-bedroom apartment costs around $1,995/month.

What is the state income tax in New Jersey?

New Jersey has a state income tax rate of approximately 10.8%. This is in addition to federal income tax.

How much is rent in Hillsborough?

The median rent for a 1-bedroom apartment in Hillsborough is $1,995/month. For a 2-bedroom, expect to pay around $2,693/month. This is 43% above the national average.

Is Hillsborough a good place to live?

Hillsborough is a town with a population of 22,214. The cost of living is expensive, making it more expensive than average for the US.

See the complete picture for Hillsborough

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