Zip 96728 (Honomu, HI) Economy


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Honomu, Hawaii is a small town located in the district of North Hilo on the Big Island of Hawaii. Home to just over 1,000 people, it is a rural community located near many of the island's attractions. Local companies in Honomu include various agricultural businesses such as Hawaii Coffee Company which specializes in Kona coffee, Hana Hou Produce which grows organic fruits and vegetables, and Aloha Spice Company which sells locally-made spices and sauces. \nThe cost of rent for a two-bedroom apartment in this area is around $2,000 per month. This is fairly high compared to the national rental rate of $1,430 for a two-bedroom home. Additionally, the grocery cost index for Honomu is 151 compared to 100 nationally. This means that groceries are more expensive here than in other parts of the US.

Honomu (zip 96728) has an unemployment rate of 8.4%. The US average is 6.0%.

Honomu (zip 96728) 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 Honomu (zip 96728)
- The Sales Tax Rate for Honomu (zip 96728) is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Honomu (zip 96728) 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 Honomu (zip 96728)
- The average income of a Honomu (zip 96728) resident is $28,175 a year. The US average is $28,555 a year.
- The Median household income of a Honomu (zip 96728) resident is $65,625 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHonomu, HawaiiUnited States
  8.46
  -10.9%-6.2%
  33.5%33.5%
  4.3%6.2%
  8.3%4.6%
  $39,255$37,638
  $65,625$69,021
  $76,875$85,028
  Population by Occupation
  3.2%1.2%
  0.0%0.5%
  9.5%6.8%
  1.4%10.0%
  1.4%2.5%
  6.4%11.0%
  0.0%4.8%
  1.4%0.8%
  0.9%1.9%
  3.2%4.7%
  2.3%1.9%
  7.3%7.6%
  0.0%0.1%
  0.0%4.2%
  14.5%9.3%
  24.1%14.0%
  5.5%2.1%
  6.8%7.0%
  4.1%4.8%
  8.2%4.7%
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