Volcano, HI is a small town located on the big island of Hawaii. It is known for its rural atmosphere and the nearby Hawaii Volcanoes National Park, which offers an array of activities and sights to explore. The cost of living in Volcano is higher than the US national average due to the area's relative isolation. A two-bedroom apartment in Volcano will cost an average of $1,680 per month while across the country it averages only $1,430. Groceries are also more expensive in Volcano with its grocery cost index being 149 compared to 100 nationally.
There are several local businesses that call Volcano home including Kilauea General Store & Cafe, Volcano Art Center Gallery & Gift Shop, and Hawaiian Lava Boat Tours. Each of these companies offers unique experiences for visitors and locals alike such as shopping for arts and crafts made by local artisans or experiencing natural wonders from a lava boat tour. There is something for everyone here in Volcano!
Volcano has an unemployment rate of 8.4%. The US average is 6.0%.
Volcano has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Volcano
- The Sales Tax Rate for Volcano is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Volcano is 8.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Volcano
- The average income of a Volcano resident is $22,743 a year. The US average is $28,555 a year.
- The Median household income of a Volcano resident is $80,000 a year. The US average is $69,021 a year.