Hilo, HI is a popular destination for people looking to experience life in a tropical paradise. Located on Hawaii's Big Island, it is home to stunning beaches, lush rainforests, and historical sites. With its proximity to the ocean and plethora of outdoor activities, Hilo has become a popular tourist destination. The cost of living in Hilo is reasonable compared to other cities with rent being approximately $1,970 for a two-bedroom apartment which is slightly higher than the US average of $1,430. Additionally, grocery costs are also above the US index at 152 as opposed to 100. Companies such as Hawaiian Telcom Telecommunications Corporation, KTA Super Stores Inc., and Goodfellow Brothers LLC are some of the larger employers in Hilo that offer competitive salaries and benefits packages. In conclusion, living in Hilo can be expensive but it also provides an excellent quality of life with plenty of activities and companies with great employment opportunities.
Hilo has an unemployment rate of 8.4%. The US average is 6.0%.
Hilo 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 Hilo
- The Sales Tax Rate for Hilo is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Hilo 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 Hilo
- The average income of a Hilo resident is $24,384 a year. The US average is $28,555 a year.
- The Median household income of a Hilo resident is $70,356 a year. The US average is $69,021 a year.