Quick Answer: How Much Is Rent In Hawaii?

Can you live cheap in Hawaii?

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’..

What is the cheapest place to live in Hawaii?

The 5 Most Affordable Places to Live In HawaiiHilo. Hilo is the largest city on the Island of Hawaii. … Waianae. What if you could live in a cheaper area but still be on the same island as Honolulu? … Kailua. Kailua is a nice community even closer to Honolulu. … Kahului. … Waimea CDP (Kauai County) … Affordable Places to Live in Hawaii.

How much does it cost to live in Hawaii for a year?

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

Can you live in Hawaii on minimum wage?

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.

How much is a Big Mac in Hawaii?

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.

Is it smart to buy a house in Hawaii?

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.

How much does it cost to rent in Hawaii?

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.

What is a good salary in Hawaii?

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

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.

What is the coldest month in Hawaii?

FebruaryFebruary is the coldest month of the year in Hawaii with the average temperatures in a steady 68°F (20°C) to 79°F (26.1°C) range.

Is it expensive to live in Hawaii?

That being said, it’s no secret why Honolulu is often ranked in the Top 3 Most Expensive Cities in the U.S. According to a study by the Missouri Economic Research and Information Center in 2019, Hawaii has the highest cost of living in the nation with an index of 191.8.

What is the average living wage in Hawaii?

Living Wage Calculation for Honolulu County, Hawaii1 ADULT2 ADULTS (BOTH WORKING)0 Children2 ChildrenLiving Wage$16.59$17.70Poverty Wage$6.91$7.12Minimum Wage$10.10$10.10

Is Hawaii worth moving to?

Moving to Hawaii might be the most expensive move of your life. We’ve mentioned that living in Hawaii is expensive, but it’s worth noting that just getting yourself and your stuff to Hawaii can be expensive, too. You’ll have to get flights for yourself and the people you’re moving with.

Is buying a house in Hawaii a good investment?

It’s not easy, but it’s not rocket science either, and for anyone with a little risk tolerance and a little money, Hawaii Real Estate is a great investment. Property in Hawaii is unique in many ways. … In fact many homes in Mililani have a better view of the ocean than a lot of homes in Kailua or Hawaii Kai.

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

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.