The two bedroom rent in Honolulu, Hawaii (96815) is $2,650 which is almost double the US average of $1,430. The grocery cost index in Honolulu is 136 versus 100 in the US which means it costs 36% more to purchase groceries in Honolulu than the national average. Local companies that are helping to provide a better quality of life for residents of Honolulu include Hawaiian Electric Industries, Hawaiian Electric Company Inc., Alexander & Baldwin Inc., and Kamehameha Schools. All of these companies contribute to the local economy and affect the prices associated with goods and services in Honolulu due to their presence alone. Prices are often higher in certain parts of the country due to local amenities like restaurants or outdoor activities that contribute to an improved quality of life. For example, living in an area with access to beaches can drive up rental prices due to its attraction for tourists and people looking for a weekend getaway. Ultimately, location affects prices as certain areas may have higher taxes or demand for certain goods and services than others do.
Honolulu (zip 96815) has an unemployment rate of 7.6%. The US average is 6.0%.
Honolulu (zip 96815) 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 Honolulu (zip 96815)
- The Sales Tax Rate for Honolulu (zip 96815) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Honolulu (zip 96815) 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 Honolulu (zip 96815)
- The average income of a Honolulu (zip 96815) resident is $36,038 a year. The US average is $28,555 a year.
- The Median household income of a Honolulu (zip 96815) resident is $67,383 a year. The US average is $69,021 a year.