![]() Hawaii is also a global tourist destination so there are plenty of amazing culinary restaurants, but those experiences can come with high prices. Eating out will typically cost more than on the mainland since food items are more expensive because most of it has to be shipped into the State. Since Hawaii is a cultural melting pot of Asian, mainland and Pacific Islander influences, you have a ton of different culinary options at your fingertips in all price ranges. To check out more grocery prices and find out more about how I grocery shop with a plan, you can check out my video below on grocery shopping tips.Įating out in Hawaii is something I love to do. The table below is accurate as of March 2023, reflecting prices in Honolulu (not including sale prices). To give you a better idea of grocery costs on Oahu, I checked the prices of a few key goods at several stores and averaged them out. At Costco, you can get a 2-Loaf 45 Oz pack of White Bread for $9.82 - thus costing you $4.41 per loaf. For example - a loaf of White Bread at Times, a local grocer, is $6.99 normally but only $4.89 on sale. What I like to do is have a membership to Costco and a few other stores and check around to save on costs. Most of the island’s supplies need to be brought in, making Hawaii the most expensive state to buy groceries. While Hawaii is host to locally grown fruits, vegetables, and island grown coffee, we can’t grow enough to supply everything we need. Hawaii has a grocery score of 152.3, reflecting the island’s remote nature. These estimates are based on the prevailing interest rate of $6.375% and assuming that the transaction is made with 20% down and little debt. An income of $81,480 will be required to purchase a condo based on the median price of $510,000. Based on the median single-family home price of $1.105 million on Oahu, you'll need an average income of $144,000 to purchase a median priced home. ![]() Average income required to purchase a home or condo Couples with an income ranging between $80,000 - $120,000 will find it sufficient for living in Hawaii, but that also depends on if and how many children you have, whether they're being sent to public or private school, and the activities they participate in.Ĭheck out our detailed post on What Is A Good Base Income For Living In Hawaii to get a better sense of how far your dollars can go here. ![]() With an annual income of $80,000, you can even begin considering some of the more expensive areas. Hawaii Median Family Income By CountyĪ single individual making $60,000 per year can lead a comfortable lifestyle in Hawaii, assuming you're employed and have health insurance through your employer. The Department of Housing and Urban Development (HUD) Guidelines released in 2022 show the median family income for a 4 person family in Hawaii is $114,250 total, with $156,700 median family income for metro areas and $91,400 for non metro areas. The breakdown by county is below. These condos are perfect for low maintenance, high amenity living - as either a first or second home. The main theme of Ward Village is blending luxurious condo living in the Urban Core of Honolulu with the Island Lifestyle that Hawaii offers. One of the latest up and coming areas on Oahu is Ward Village - 60 acre Master-Planned Community built with pedestrian access in mind. Related: Should I Buy A Home Before Moving To Hawaii? One such example is Kahala - world renowned as the ‘Beverly Hills of Hawaii.' Right next door is Diamond Head - another luxurious neighborhood offering wide open streets and a family friendly community at the base of the Diamond Head crater. Some of the most luxurious and breathtaking homes in the world are in Hawaii. What you get in exchange though is a life unlike any other. Hawaii homes tend to be smaller, with yards and open spaces at a premium and condo living in Honolulu is very common for many. The main difference between a home here and on the mainland is the amount of space that the money buys you. Related: Click here to check out the latest market stats! When compared to Seattle, Washington, this could be seen as a modest upgrade, coming from New Mexico, the price of homes and what you get for the money may give you sticker shock. The single-family home median price on Oahu through the beginning of 2023 was $1.105 million and over $510,000 for condos. ![]() Hawaii has a housing score of 313.5 - which is to be expected, given the state’s location. Below, I break down a few of the most important factors to consider in cost of living. The first step to living here is being well informed on what your future costs will be. Sign up and receive tips and articles straight to your inbox on how to succeed in moving to Hawaii. ![]()
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