diff --git a/pxr/usd/ar/defaultResolverContext.cpp b/pxr/usd/ar/defaultResolverContext.cpp
index 12872c43e4..cfdd15e5c4 100644
--- a/pxr/usd/ar/defaultResolverContext.cpp
+++ b/pxr/usd/ar/defaultResolverContext.cpp
@@ -30,8 +30,6 @@
 #include "pxr/base/tf/pathUtils.h"
 #include "pxr/base/tf/stringUtils.h"
 
-#include <boost/functional/hash.hpp>
-
 PXR_NAMESPACE_OPEN_SCOPE
 
 ArDefaultResolverContext::ArDefaultResolverContext(
@@ -91,11 +89,7 @@ ArDefaultResolverContext::GetAsString() const
 size_t 
 hash_value(const ArDefaultResolverContext& context)
 {
-    size_t hash = 0;
-    for (const std::string& p : context.GetSearchPath()) {
-        boost::hash_combine(hash, TfHash()(p));
-    }
-    return hash;
+    return TfHash()(context.GetSearchPath());
 }
 
 PXR_NAMESPACE_CLOSE_SCOPE
diff --git a/pxr/usd/ar/testenv/testArDefaultResolver.py b/pxr/usd/ar/testenv/testArDefaultResolver.py
index 46bfd472bd..1bc316f906 100644
--- a/pxr/usd/ar/testenv/testArDefaultResolver.py
+++ b/pxr/usd/ar/testenv/testArDefaultResolver.py
@@ -320,6 +320,18 @@ def test_ResolverContext(self):
 
         self.assertNotEqual(emptyContext, context)
 
+    def test_ResolverContextHash(self):
+        self.assertEqual(
+            hash(Ar.DefaultResolverContext()),
+            hash(Ar.DefaultResolverContext())
+        )
+
+        paths = ["/path1", "/path2", "/path3", "/path4"]
+        self.assertEqual(
+            hash(Ar.DefaultResolverContext(paths)),
+            hash(Ar.DefaultResolverContext(paths))
+        )
+
     def test_ResolveForNewAsset(self):
         resolver  = Ar.GetResolver()