Cost of Living

Cost of living is comprised of various charges that an individual or a family has to pay in order to maintain a good quality of life in a particular area. Several factors affect the total amount one would have to budget for their expenses. Generally, the cost of living is used as a guide to see if moving into an area would be financially right.

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Cost of Living Index in Honolulu, Hawaii

The table below is the cost of living index for the various factors affecting your regular budget in the city of Honolulu, Hawaii. The index is a point system with the national average scored at 100 points. Higher scores reflect a higher expected cost for the factor while a score lower than 100 would mean savings for your pocket. As a major tourist destination in an island nation, the cost of living in Honolulu can be quite expensive and should be an essential consideration for families planning to move into the region.

Cost of Living Index Honolulu Hawaii United States Overall 201.1 186.9 100 Grocery 138.9 147.8 100 Housing 358.4 322 100 Utilities 176.3 185.8 100 Transportation 142.6 135.7 100 Health 92.8 89.8 100



Real Estate Prices

The median home sale price in the city is $661,200 which is a good amount higher than the national average. Monthly rent can also be expensive, averaging at $2,300 for a standard-sized apartment.

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Utility Bills

The average monthly bill of a household in Honolulu is $149.33 for various utilities including electricity, heating, cooling, water, and garbage. Expect to pay 76.3% higher than the national average for your regular monthly bills.

Food and Groceries

Average grocery item prices and other staple food items are the most expensive in the nation. A lot of the products in the city are being imported inflating prices significantly. The cost of dining out is also quite expensive with most meals costing more than the typical price of a meal in the country.

Transportation Costs

Honolulu offers bus service to most locations throughout the city. These public buses offer one-month pass for $70 and annual pass for $770. Gas prices in town are higher than the national average with a gallon of gas costing to $3.62 as of May 2019.

Taxes in Virginia

Hawaii Property Taxes are quite low, with several municipalities ranking as the lowest in the country. The average property tax rate in the state is only 0.27% of home values. Income tax rates range between 1.4% up to 11% depending on your income bracket. There is no estate tax making the region an ideal place for individuals looking to save on fees.

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Equity First Realty

Duc Ong

(808) 638-1745

932 Ward Ave. Suite 420 Honolulu, HI 96814