Living Wage Calculation for Honolulu County, Hawaii
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In fact, the site estimates that you need an income of $153,520 to afford the average home in Hawaii this year. (For two earners to bring in this income, they’d need to earn $76,760 each per year.) That’s the highest of any state, and compares to $120,120 in California (which took the no.
the Big Island
You should plan to spend around $269 per day on your vacation in Hawaii , which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, $61 on meals for one day and $29 on local transportation. Also, the average hotel price in Hawaii for a couple is $330.
The price of Combo meal in fast food restaurant ( Big Mac Meal or similar) in Honolulu, Hawaii is $10. This average is based on 9 price points.
According to NeighborhoodScout, the average rent in Hawaii is a whopping $2,413 a month. Those looking to move to Honolulu will find a $2,257 average rent , whereas Kahului residents pay less at $1,784 a month.
The current minimum wage in Hawai’i is $10.10 an hour, or $21,000 per year for full-time work. According to these new calculations, Hawaiʻi’s own state department charged with governing our economic landscape found that a single adult with no keiki needed to earn $16.90 an hour in 2018 in Hawai’i to be self-sufficient.
And in 2017, “low-income” was considered $58,600 . Meanwhile, someone is “very low income” in Honolulu if they bring in $42,200 a year or less. For comparison’s sake, the minimum wage in Hawaii ― $10.10 an hour ― translates to $21,008 a year.
In order to live comfortably in Hawaii, studies show that you’ll need a whopping salary of over $122,000 .
Your move is an exciting and fun time, but it should also be one that’s done with caution and realistic expectations, or else you may be one of the hundreds who move back to the mainland each year. Hawaii is paradise for many reasons, but it’s also a difficult place to live for most because of the economy.
The high cost of living often intimidates those making the move to 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’.
Pros to Buying Although purchase prices are high, the long-standing trend is that home values appreciate steadily year on year. The rental market is solid in Hawaii as well, so if you want to hold onto your asset to get better appreciation when you need to PCS out, your tenant will be paying down your mortgage.
While many vacations are five to seven days long, we recommend staying for at least 10 days to enjoy your Hawaiian vacation. The time change is difficult to adjust to at first and takes about 3 days to get fully acclimated. So, allowing a couple days to get over the jet lag is important.
Eat at the malls in Hawaii . Go to your local Hawaiian grocery store. Food truck venues in Hawaii . Cheap Happy Hour venues in Hawaii . Make your own meals. Use coupons or two for one dining offers. Shop at the big box stores like Costco, Walmart or Target. Cheap local take out or local Hawaii food venues.
How to do Hawaii on a budget Go in late winter or early fall. Opt for a mid-scale hotel. Hit the beach and take a hike. Eat a Hawaiian lunch, poke and market food. Avoid renting a car and use public transportation. Watch a hula show, see fireworks, and take a cultural class. Enjoy a reasonably priced massage.