Honalo, HI is a small town located on the Big Island of Hawaii. It's a peaceful place with beautiful beaches, lush green scenery, and lots of outdoor activities. The cost of living in Honalo is relatively high compared to other parts of the US due to its popularity as a tourist destination. The average two bedroom rent in Honalo is $3,270 whereas it’s only $1,430 around the US. Additionally, groceries in Honalo are more expensive with an index score of 161 compared to 100 nationally. Some popular local companies include Kona Coffee Purveyors, Aikane Plantation Coffee Company and Paradise Helicopters. These businesses cater to the growing population of tourists that visit the area each year.
Honalo has an unemployment rate of 8.4%. The US average is 6.0%.
Honalo 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 Honalo
- The Sales Tax Rate for Honalo is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Honalo 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 Honalo
- The average income of a Honalo resident is $20,664 a year. The US average is $28,555 a year.
- The Median household income of a Honalo resident is $49,648 a year. The US average is $69,021 a year.