Honolulu, HI is the capital of Hawaii and an attractive destination known for its pristine beaches, lush landscapes, and diverse culture. It is home to a variety of businesses such as Hawaiian Airlines, Kamehameha Schools, and Bank of Hawaii. The city also has a thriving economy with average rent prices for two-bedroom apartments hovering around $2,220 per month. Prices are slightly higher than the national average of $1,430 per month but include access to some of the freshest seafood in the world and a grocery cost index that is 39 points higher than the US national average for comparable items. All in all, Honolulu is an amazing place to live with plenty of economic opportunities.
Urban Honolulu has an unemployment rate of 7.6%. The US average is 6.0%.
Urban Honolulu 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 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Urban Honolulu
- The Sales Tax Rate for Urban Honolulu is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Urban Honolulu 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 Urban Honolulu
- The average income of a Urban Honolulu resident is $31,146 a year. The US average is $28,555 a year.
- The Median household income of a Urban Honolulu resident is $76,495 a year. The US average is $69,021 a year.