If you’re looking to buy, the median sales price of a single-family home is $870,000 – a new record high, as of December 2020. You can always opt to live outside of Honolulu’s center or even consider the other Hawaiian Islands – the Big Island’s Hilo is nearly 49 to 56 percent lower than Honolulu, plus offers a laidback and relaxing small-town vibe that may be appealing than the hustle and bustle of the city. Looking at a luxurious, new one-bedroom condo? Expect to fork out at least $3,000 a month. A one-bedroom apartment or home can range from about $1500 to more than $2000 per month and a two-bedroom apartment or a house will start at $1,800 per month. For example, a studio on Oahu can range from $1000 to more than $1,600 per month and that’s not including utilities, which can be around $150 per month for one person. Renting in Hawaii is much more expensive than most places on the mainland – and it all depends on location. In another analysis by in January 2021, the average salary in Hawaii ranges from approximately $33,965 per year for Customer Service Representative to $96,620 per year for Travel Nurse.īut for many people, Honolulu’s appealing qualities balance out the potentially lower wages and high cost of living.

According to the Bureau of Labor Statistics, the average U.S. salary, as of the 3rd quarter in 2020, is $51,688 ($994 weekly). If that is a couple with 2 children, each adult needs to make $17.70 per hour.Īccording to Payscale, the average salary in the island's capital, Honolulu, is $66,000, but the state has one of the highest income tax rates in the country, with its top tier at 11 percent. (Of course, standards of living vary according to each person and it all depends on your level of “comfort.”) The Living Wage Calculator from the Massachusetts Institute of Technology (MIT) says that one adult in Honolulu needs to make $16.59 per hour for a living wage.

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

Here is everything you need to know about the cost of living in Hawaii, along with firsthand stories and opinions from local individuals and families. Considering a move to Hawaii? It’s beautiful here, surrounded by vast ocean, pristine weather and rich culture, but paradise comes at a cost – a cost so high, in fact, that it can be a deterrent for many folks.

What the cost of a big mac with taxes