Quick Answer: Is It Expensive To Live In Hawaii?

Why is living in Hawaii so expensive?

Although the islands have the 10th highest median wage in the United States, average living expenses are astronomical, up to two-thirds higher than the rest of the country.

Hawaii’s high cost of living is driven by the need to import everything to the island either by sea or plane.

Another big driver is housing costs..

Can you live cheap in Hawaii?

Move Somewhere Affordable Generally, Hawaii is expensive, but there are some places to live that are more affordable than others. Hilo, located on Hawaii Island, is known for its cheaper prices as well as being the gateway to Hawaii Volcanoes National Park.

Are taxes high in Hawaii?

At 11% the state’s top marginal income-tax rate is second only to California’s. … According to the American Legislative Exchange Council, Hawaii has the nation’s heaviest sales-tax burden as a share of personal income. Hawaii’s high taxes feed its high rate of government spending, at the state and county levels.

What is the cheapest way to move to Hawaii?

But with a little ingenuity, you can afford to live in Hawaii.Inexpensive Housing. Choose your location carefully. … Groceries and Meals. Save money on food by buying in bulk at large discount stores, such as Costco or Sam’s Club. … Daily Living. Use public transportation whenever possible. … Other Considerations.

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 cheapest to live on?

Here Are The 13 Cheapest Yet Greatest Places To Live In Hawaii Laie, Oahu. Allie/Flickr. … Wailuku, Maui. Emmett Anderson/Flickr. … Kurtistown, Big Island. Joel Abroad/Flickr. … Waimea, Kauai. Robert Linsdell/Flickr. … Wahiawa, Oahu. Sean Munson/Flickr. … Haiku, Maui. Ken Lund/Flickr. … Kaunakakai, Molokai. … Lihue, Kauai.More items…•

How much is a Big Mac in Hawaii?

Restaurant MenuTravis Scott Meal$6.00Big Mac$3.99Big Mac – Meal$5.992 Cheeseburgers$2.002 Cheeseburgers – Meal$4.8924 more rows

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.

Is Hawaii a good place to live?

Hawaii, no surprise to those who live here, continues to be ranked as one of the best places to live. Hawaii, per this latest report by financial news and opinion website 247wallst.com, ranks as the fourth best state to live in in the country.

Is Hawaii a poor state?

However, when looking at the Census Bureau’s supplemental poverty report, which considers additional factors in like the cost of living and state benefits, Hawaii’s enviable spot plummets 29 places, making it the state with the 13th highest poverty rate in the nation.

How much does it cost to live in Hawaii per month?

A one-bedroom apartment or home can range from about $800 to more than $1,200 per month and a two-bedroom apartment or a house will start at $1,800 per month.

What is a good salary in Hawaii?

Adjusted for the cost of living, the household happiness threshold in Hawaii is tops in the nation, at $122,175. That amount was on par with the annual income recently calculated by the Wall Street Cheat Sheet, a financial news content partner of USA Today, to “live comfortably” in Hawaii: $122,000.

Do you own the land when you buy a house in Hawaii?

Many people, US citizens and foreigners, own investment property or vacation homes in Hawaii. There are two types of ownership, Fee Simple (Freehold) and Leasehold. … Much of the great wealth in this country was built on land ownership. Plus, it’s yours, to do with as you please.

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