A: That depends on several factors, such as your individual lifestyle, specific living expenses, and your location. Generally speaking, though, retirement in Hawaii with $3,000 per month would be a tight squeeze for one person.
Living in Hawaii on $2000 a month can be challenging due to the state's high cost of living. While a one-bedroom apartment might cost between $1,500 and $2,000, this leaves limited funds for other essentials like utilities, groceries, and transportation.
Hawaii tops the list, with an annual income of $82,630 required to be considered middle class. Other states topping the list include the District of Columbia and New York (tied for No. 2), New Jersey and Connecticut (tied for No. 3), and Massachusetts (No.
Living in Hawaii on $50,000 a year is possible but may be challenging, depending on factors like housing costs, lifestyle, and personal circumstances.
Both Hawaii and California are known for their high cost of living. However, when comparing the two, California generally proves cheaper, especially regarding housing costs. Living in paradise comes with its price tag.
The priciest state is Hawaii: You'll need $2.2 million in savings, and you can expect annual expenses of $110,921 for a comfortable retirement. Many Americans consider $1 million in savings the new benchmark for a happy retirement.
The average Hawaii home value is $843,185, up 1.6% over the past year and goes to pending in around 37 days.
The Big Island. With Hawaii's lowest average cost of living (according to MIT's Living Wage project), lowest fair market rents, and lowest typical yearly expenses, the Big Island can be the most economical island in Hawaii.
Average Electricity Bills in Hawaii
Each household receives a $150 to $250 monthly electric bill on average. The current per kWh rates in Hawaii are higher than all other US states. In 2024, the average residential electricity charge was 43.93 U.S. cents per kilowatt-hour.
Registered nurses in Hawaii earn an average of $106,530 per year (or $51.22 per hour).
100K A Year Salary in Hawaii. $78,896 is the 25th percentile. Salaries below this are outliers. $105,901 is the 75th percentile.
As of Jan 4, 2025, the average hourly pay for a Hourly in Hawaii is $27.87 an hour. While ZipRecruiter is seeing salaries as high as $43.96 and as low as $17.73, the majority of Hourly salaries currently range between $25.96 (25th percentile) to $28.99 (75th percentile) in Hawaii.
The living wage in Hawaii is $17.90 per hour for a single adult with no children. The living wage differs depending on the number and ages of family members. For example, the living wage for a single adult with one child is $32.73 per hour, while the living wage for a single adult with two children is $38.55 per hour.
In some states, like Hawaii, that money would only last 2 1/2 years, which is the least bang for your buck. That's followed by other states like Alaska, California, Massachusetts and New York, which would allow that money to last a little over 3 1/2 years.
Hilo, Island of Hawaii
Not only is this city one of the most affordable places to live in Hawaii, but it's also a great city in Hawaii to live for job opportunities, raising a family, or retiring!
Living in Hawaii comes with the risk of natural disasters, including hurricanes, earthquakes, tsunamis, and volcanic eruptions. The islands are in the Pacific Ring of Fire, with high volcanic and seismic activity.
The No. 1 most expensive state is Hawaii, according to Stacker, which analyzed the rankings based on the cost of living by The Council for Community & Economic Research. The Aloha State is pricey for very good reasons, says Hannah Jones, Realtor.com® senior economic research analyst. Hawaii and Alaska (No.
So, What Does It Cost To Eat for a Week in Hawaii? The Zippia analysis that ranked Hawaii as the most expensive state for groceries says the average person there spends $556.76 at the supermarket per month, or $139.25 per week.
Which is the cheapest place to live in Hawaii? The cheapest place to live in Hawaii is Mountain View. It offers affordable housing, which is 160.6% lower than the state average.
What is considered low income in Hawaii? In 2020 the U.S. Department of Housing and Urban Development (HUD) concluded that "low income" for an individual living on Oahu is considered $93,000.
Hawaii has a graduated corporate income tax, with rates ranging from 4.4 percent to 6.4 percent. Hawaii also has a 4.00 percent state sales tax rate and an average combined state and local sales tax rate of 4.50 percent. Hawaii has a 0.26 percent effective property tax rate on owner-occupied housing value.