Are you planning to move to Hawaii? Wait! Before moving, you should know about the cost of living in Hawaii. So, it will help you to manage your budget. Hawaii is celebrated worldwide for its natural beauty, unique culture, and temperate climate. The island boasts low crime rates and an abundance of recreational activities. Hawaii is a state located in the United States near the Pacific Ocean about 2,000 miles from the United States mainland. It is not just a name of the state but also the name of the largest island in the archipelago, often referred to as “the Big Island”. Let’s know the cost of living in Hawaii.
What Is The Cost Of Living In Hawaii?
The cost of living in Hawaii is 170 as compared to the national cost of living in the United States. It is the overall cost of living in Hawaii. The table given below will give you the average cost of living in Hawaii in comparison to the national average cost of living which is 100. If the cost of living in Hawaii per month is less than 100, it means Hawaii is cheaper than the US average cost of living and vice versa.
|Cost Of Living For||Hawaii||USA|
|Median Home Cost||$732,000||$291,700|
Hawaii is too expensive to live in because renting an apartment or a small house costs a lot. Therefore, it is the country’s second most expensive state for renters. Due to high rental costs, the cost of living in Hawaii for college students who are from other states or cities is increasing. It has a 56.6 % homeownership rate, with about 279,960 owner-occupied homes versus 185,339 renter-occupied units. The table given below will make you aware of the rental cost of one and two-bedroom house rents.
|City||Approx 1 Bedroom Rent||Approx 2 Bedroom Rent|
The cost of food in Hawaii can vary, the average cost of food in Hawaii is $61 per person. But, overall the food is very expensive in Hawaii, since most of it is imported from the mainland, which is 2,000 miles away. The table given below will give you the approximate cost of food for two persons. Below the cost of living in different cities including the cost of living in Hilo Hawaii and the cost of living in Oahu Hawaii is given.
|City||Approx Dinner Cost For 2|
While looking for the cost of living in Hawaii vs California, you found Hawaii more expensive because of its higher transportation costs. The higher transportation cost will increase the cost of living in Hawaii big island. Why are travel costs more in Hawaii? It is because of the higher cost of gas. The moderate price of gas in Hawaii is $5.55 a gallon, and the national average of $4.98.
Other than travel costs, food costs, and house rental costs, there are also many other expenses. Let’s discuss this in detail.
The residents of Hawaii can expect to pay an average of $224.3 per person for a major medical individual’s health insurance plan. It will also vary and the premium can be lower if you are in good health.
The cost of living in Hawaii vs Texas tells you that Hawaii is more expensive. Why, because of higher utility bills. When you look at the first table given above, you will see the cost of utility bills is 85.8 points more than the natural average. The residents of Hawaii pay more when it comes to monthly energy bills in the nation.
There are some significant internet providers in Hawaii namely Hawaiian Telcom and Spectrum. The price of Hawaiian Telcom is $39.99 per month while that of Spectrum is $49.99 per month.
You can not estimate the exact cost of fitness in Hawaii. Because every Gym or fitness club has its own facilities and as per facilities they charge their customers. But the overall cost of fitness in Hawaii is more.
Entertainment and activities in Hawaii typically cost an average of $31 per person, per day. This includes fees paid for admission tickets to museums and attractions in Hawaii.
Here is good news for you! The residential property tax rate in Honolulu is 0.35%, one of the lowest rates in the country.
On Whatisss You Can Get To Know More Facts Like These.
How Much Money Do You Need To Live Comfortably In Hawaii?
To live comfortably in Hawaii, you’d need a salary of over $122,000, as of late. Dinner and a movie in Honolulu will cost you around $75, which is a little high.
Is Hawaii Expensive To Live In?
According to data by Missouri Economic Research and Information Center (MERIC), Hawaii’s cost of living in 2019 was the highest in all the U.S. states. Generally, the cost of things in Hawaii is 30% more than on the mainland. Hawaii is the most expensive state in the U.S. while California ranks third.
What Is The Cheapest Month To Fly To Hawaii?
The cheapest time to fly to Hawaii is during February and March. The most expensive month to fly is December when the holiday period falls, with January being very expensive as well. The peak travel months of June and July are surprisingly not the most expensive months for flights, with middle figure prices.
How Much Does A Trip To Hawaii Cost For 2?
A vacation to Hawaii for one week usually costs around $1,919 for one person. So, a trip to Hawaii for two people costs around $3,839 for one week. A trip for two weeks for two people costs $7,677 in Hawaii.
Now, you know the cost of living in Hawaii, so, you can manage your budget according to this if you are on a way to move to Hawaii. You can say that the cost of living in Hawaii for one person or the cost of living in Hawaii per year is higher and for that, you need a higher-paying job or some other form of bulky income. Hawaii and Florida both are regions in the US but when you see the cost of living in Hawaii vs Florida. You will find that the cost of living in Hawaii is more.
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