Hilo, HI Metro Area is a great place to live with many benefits. The cost of living is lower than most other parts of the US with a 2 bedroom rent average of $1,660 as opposed to the national average of $1,430. Grocery costs are also lower in Hilo than other parts of the country, with an index rating of 153 versus 100 nationally. This makes it an attractive area for those looking to save money. Additionally, Hilo offers a variety of job opportunities for residents. There are several local companies that offer employment such as Hawaii Electric Light Company, KTA Super Stores, and Big Island Toyota. These companies provide a range of jobs from customer service representatives to electricians to sales associates. In addition to these businesses there are also jobs available in hospitality and tourism industries which are prominent in this region due to its stunning natural scenery and warm climate.
Hilo Metro Area has an unemployment rate of 8.4%. The US average is 6.0%.
Hilo Metro Area 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 Metro Area
- The Sales Tax Rate for Hilo Metro Area is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Hilo Metro Area 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 Metro Area
- The average income of a Hilo Metro Area resident is $24,395 a year. The US average is $28,555 a year.
- The Median household income of a Hilo Metro Area resident is $68,399 a year. The US average is $69,021 a year.