Housing costs in Honolulu?
A typical home costs
$612,200, which is 81.1% more expensive than the national average of
$338,100 and 23.5% less expensive than the average Hawaii home, at
$800,200. Renting a two-bedroom unit in Honolulu costs
$2,370 per month, which is 11.3% more than the national average of
$2,130 and 5.1% more than the state average of
$2,250.
Can I afford Honolulu?
To live comfortably in Honolulu (zip 96814), Hawaii, a minimum annual income of
$117,360 for a family, and
$72,400 for a single person is recommended.
What does A.I. say about Honolulu?
The cost of living in 96814 Honolulu, HI is significantly higher than the national average. According to BestPlaces, a cost of living index, the city has an overall index score of 111.9 which is 11.9% higher than the US average. Housing costs in particular are particularly high with rents averaging around $2,000 for a one-bedroom apartment and $3,000 for a three-bedroom unit. Groceries and other essential items are also quite expensive as Honolulu has a higher cost of goods due to its location in Hawaii. However, wages are relatively high compared to other cities and states in the US so managing expenses and budgeting carefully can help mitigate these costs.