Quick Answer: How Much Money Do You Need To Live Comfortably In Hawaii?

What is the average living wage in Hawaii?

Living Wage Calculation for Honolulu County, Hawaii1 ADULT0 Children2 ChildrenLiving Wage$16.59$32.55Poverty Wage$6.91$11.80Minimum Wage$10.10$10.10.

Which Hawaiian island is the best to live on?

MolokaiAmong the Hawaiian Islands, Molokai is known as the Friendly Isle, and those who live there would consider it the best island to live on by far. With many longtime families and few visitors living on remote Molokai, it is one of the most secluded Hawaiian Islands.

How much money do I need to retire in Hawaii?

An early retiree would need about $1.4 million. The analysis also crunched the numbers for really, really early retirement. Someone in Hawaii looking to retire at age 35, for example, would need $3.26 million stashed away.

Where is Oprah’s house on Maui?

Thompson RanchOprah Winfrey loves the Island of Maui so much that she bought over 60 acres of land in East Maui, and then she bought the historic Thompson Ranch near Keokea.

Why you shouldn’t move to Hawaii?

Reason #7 you should not move to Hawaii: Fewer choices, less competition, poorer service, higher prices. Because of Hawaii’s disincentives, there is less competition for anything in our small, closed market. Less competition is almost always bad for consumers and here it applies to much more than just high prices.

Is it smart to buy a house in Hawaii?

Hawaii is a good place if you are looking for a job in the government or military. You can expect low sales tax. Diverse culture. This does not affect your home buying process, but once you have purchased your house, you can meet many interesting people with different backgrounds.

Which Hawaiian island is the cheapest to live on?

Hawaii Island is the cheapest and Oahu is the most expensive.

How much is rent in Hawaii?

Living in Hawaii and Housing CostCOUNTYAVERAGE RENT*INCOME NEEDEDHawaii (Big Island)$1,194$22.96/hour or $47,760/yearHonolulu (Oahu)$1,985$38.17/hour or $79,400/yearKauai$1,238$23.81/hour or $49,520/yearMaui (includes Molokai and Lanai)$1,286$24.73/hour or $51,440/year1 more row

Is it possible to live cheap in Hawaii?

While the cost is higher than many other states, living on Oahu can actually be surprisingly affordable in other aspects. Hawaii offers the opportunity to enjoy the outdoors, get around town and cook dinner without having to ‘break the bank’.

Can I just move to Hawaii?

Moving to Oahu, Hawaii or one of the other islands IS possible. If you have $15,000 and some needed skills – you can move today. Book a ticket and leave.

How much money do you need to live comfortably in Hawaii?

INCOME. In order to live comfortably in Hawaii, studies show that you’ll need a whopping salary of over $122,000.