Hawaii is one of the country’s most distant states, but it is known for its breathtaking scenery and outdoor adventures. It’s a great place to visit for weekends away and extreme sports adventures, but is it livable? Are you able to afford to relocate there, and what costs should you anticipate? Before you make the big trip to the Big Island, learn about living costs in Hawaii.
How much does it cost to live in Hawaii?
1. Income
According to some research, a salary of over $122,000 is required to live correctly in Hawaii. (Of course, living standards differ from one individual to the next, and it all relies on your degree of “comfort.”) According to the Massachusetts University of Technology’s (MIT) Living Wage Calculator, a living wage for an adult in Honolulu is $16.59 per hour. If a couple has two children, each adult must earn $17.70 per hour.
2. Expenses
Renting in Hawaii is far more expensive than on the mainland, and the cost varies greatly depending on location. A studio on Oahu, for example, might cost anywhere from $1000 to even more than $1,600 per month, not counting utilities, which can cost roughly $150 per month with one person. A one-bedroom home or house can cost anywhere from $1500 to more than $2000 per month, while a two different apartment or house starts at $1,800. Looking for a brand-new, beautiful one-bedroom condo? You should budget at least $3,000 per month.
You can always live outside of Honolulu’s core or even explore another Hawaiian Islands, Hilo, on the Big Island, is about 49 to 56 percent less expensive than Honolulu and offers a laid-back and pleasant tiny vibe that may be more appealing than the city’s hustle and bustle. If you’re seeking to buy, the average sale cost of a single home in December 2020 was $870,000, a new high. On Oahu, the median condo sale price is $455,000. Regardless of the high costs, Oahu continues to witness increased house and condo sales.
3. Transportation cost
You can always live outside of Honolulu’s core or even explore another Hawaiian Islands, Hilo, on the Big Island, is about 49 to 56 percent less expensive than Honolulu and offers a laid-back and pleasant tiny vibe that may be more appealing than the city’s hustle and bustle. If you’re seeking to buy, the average sale cost of a single home in December 2020 was $870,000, a new high. On Oahu, the median condo sale price is $455,000. Regardless of the high costs, Oahu continues to witness increased house and condo sales.
If you work in midtown Honolulu or Waikiki, you’ll undoubtedly have to hire a parking place if your employer doesn’t supply one. Parking costs usually vary from $100, $200. Some who reside in a condominium may be required to rent a space at a similar price, depending on the association’s bylaws. It might be possible to use the Honolulu Commuter Rails to work if you reside in Kapolei or even on Oahu’s Ewa side.
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4. Shopping and Eating Out
However, because supplies are imported from the mainland, Hawaii is the most costly place in the country to buy groceries. According to the Missouri Economic Data and Knowledge Center’s 2022 Quarter 3 study, Hawaii’s groceries are expensive. Hawaii was ranked 196.3 on a nationwide rating of 100, while California, Washington, and Oregon were placed 138.5, 111.3, and 134.6, respectively.
On Oahu, for example, a liter of whole milk can cost $8.99, with the cheapest gallon costing roughly $5.50 at Costco. Broccoli costs $3.79 per pound, while bulk carrots cost $3.49. Yes, while buying mom and pop is encouraged, Hawaii-grown mangos cost around $6.99 per pound. It will cost about $6 for four rolls of toilet paper.
Eating out can rapidly add up. Breakfast will set you back $8, $12, lunch will set you back $8 to $15, and dinner will set you back $15 to $30. (or more). However, because there is such a wide price range, many individuals will purchase a platter lunch (white rice, macaroni salad, and a meat entrée such as loco moco and teriyaki beef) and store it for lunch or dinner, or split the plate in half with a buddy.
Why is living in Hawaii so expensive?
There are several reasons for Hawaii’s high cost of living, but the quick answer is that we’re surrounded by water. Almost everything we eat must be shipped or flown in. Hawaii is also a popular area for the wealthy to acquire real estate, driving up housing costs. Another critical problem is that utility bills, such as electricity, are incredibly high due to the warm environment. Like many things in this life, there is a trade-off.
What might be Hawaii known for?
Beautiful beaches in Hawaii, a few of which have unusual colours, are well-known.In Hawaii, there are several beaches featuring white sand, but there are also coasts with greenish, red, pink, and sometimes even black sand. Hawaii is the destination for you if you enjoy going on hikes, biking, kayaking, yachting, swimming, or simply relaxing here on beach.
Interesting facts about Living In Hawaii
- Hawaii is the only U.S. state located in Oceania and the only one composed entirely of islands.
- The Hawaiian islands were formed by volcanic activity, with the Big Island still an active volcanic zone.
- Hawaii is the most isolated population center on the planet, located over 2,400 miles from the nearest continent.
- Hawaii has a rich cultural history, with influences from native Hawaiian, American, Asian, and Polynesian cultures.
- Surfing was introduced to Hawaii by ancient Polynesians, and today it is a major sport and cultural activity in the state.
- Hawaii has diverse ecosystems, from tropical rainforests to deserts, and is home to many unique plant and animal species.
- The Hawaiian language is an official language in the state, along with English, and is still widely spoken by native Hawaiians.
- Hawaii is a major tourist destination, attracting millions of visitors yearly to its beautiful beaches, diverse landscapes, and rich cultural heritage.
Conclusion
While the following estimates are only an approximate estimate of living costs in various places because health insurance and other expenses are not included, we can draw a few conclusions: Hawaii is among the lowest property tax rates in the United States. Compared to other places, the food price in Hawaii is relatively high.
Transportation costs are higher in other regions, such as California and New York. If you own a car, parking fees in New York are pricey, but you may avoid them by taking advantage of the city’s excellent public transportation system. Unlike most localities, Honolulu does not charge extra for trash or recycling services. Some cities, such as Seattle, Manhattan, San Fran, and San Diego, are more expensive than Honolulu; nevertheless, all of these cities have a higher median income.
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