Housing costs in Urban Honolulu?
A typical home costs
$858,400, which is 153.9% more expensive than the national average of
$338,100 and 7.3% more expensive than the average Hawaii home, at
$800,200. Renting a two-bedroom unit in Urban Honolulu costs
$2,250 per month, which is 57.3% more than the national average of
$1,430 and 5.3% more than the state average of
$2,130.
Can I afford Urban Honolulu?
To live comfortably in Urban Honolulu Haw Metro Area, Hawaii, a minimum annual income of
$164,520 for a family, and
$68,800 for a single person is recommended.
What does A.I. say about Urban Honolulu?
The cost of living in Honolulu, HI Metro Area is significantly higher than the US average. According to recent statistics, the average cost of living index in the area is 172, while the US average is only 100. This means that housing costs, utilities, transportation and other expenses will be far higher than they are in other places across America. The median house value in the metro area is a staggering $858400; whereas the US median house value is just $338100. It is clear then that living in Honolulu comes with a much heftier price tag when compared to many other parts of the country.