Lahaina, HI is an ideal location to live and work for those seeking a beautiful tropical setting with a flourishing economy. Located on the western side of Maui, this small town is bordered by stunning beaches and plentiful outdoor activities. The average two bedroom rent in Lahaina is $2,120 compared to the US average of $1,430, making it more expensive to live in Lahaina than the average US city. On top of that, grocery prices are higher as well; with a grocery cost index of 153 versus 100 in the US.
The local economy offers job opportunities in industries such as hospitality, tourism, retail and education. The area has many popular beach resorts such as the Royal Lahaina Resort and Honua Kai Resort & Spa which provide employment to locals. Additionally there are numerous restaurants and retailers across town that hire from within the community. Furthermore there are several educational facilities located here such as University of Hawaii Maui College which employ hundreds of staff members.
Overall Lahaina’s economic climate is strong with an abundance of job opportunities for its residents. The combination of its thriving businesses coupled with its beautiful natural landscape make it an attractive place to live or visit at any time of year.
Lahaina has an unemployment rate of 12.2%. The US average is 6.0%.
Lahaina has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Lahaina
- The Sales Tax Rate for Lahaina is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Lahaina 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 Lahaina
- The average income of a Lahaina resident is $24,457 a year. The US average is $28,555 a year.
- The Median household income of a Lahaina resident is $80,035 a year. The US average is $69,021 a year.