Hillsboro vs Lakewood
Cost of Living Comparison · 2026
Hillsboro
Lakewood
The Verdict
Hillsboro is 3.8% less expensive than Lakewood overall. A household earning $75,000 in Hillsboro would need approximately $77,930 in Lakewood to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Hillsboro has the same purchasing power as $77,930 in Lakewood.
Conversely, $75,000 in Lakewood equals $72,180 in Hillsboro.
Living in Hillsboro vs Lakewood
Housing Costs
Hillsboro's housing index of 175 is lower Lakewood's 188, translating to median home prices of $533,000 vs $574,000. The $41,000 difference in home prices means roughly $2,664 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,725/mo in Hillsboro compared to $1,850/mo in Lakewood, a monthly difference of $125.
Grocery & Food Costs
Grocery expenses index at 108 in Hillsboro and 101 in Lakewood. A household spending the national average of $475/month on groceries would pay approximately $513/month in Hillsboro vs $480/month in Lakewood. Lakewood offers a meaningful advantage on everyday food costs, saving roughly $396/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 96 in Hillsboro and 85 in Lakewood. Monthly utility bills average approximately $384 in Hillsboro vs $340 in Lakewood. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 103 in Hillsboro and 84 in Lakewood. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 19-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $106,700 in Hillsboro and $83,800 in Lakewood. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $83,359 and $63,008 respectively. Hillsboro residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $2,490/month to housing in Hillsboro vs $1,955/month in Lakewood. In Hillsboro, median rent of $1,725/mo fits within this budget. In Lakewood, median rent of $1,850/mo remains manageable. The biggest category-level difference between these two cities is Healthcare, where the gap is 19 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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