Honolulu cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHonoluluHawaiiNational
Cost of living index181175100
IndexHonoluluHawaiiNational
Goods & Services index125127100
Groceries index164155100
Health care index113115100
Housing index267247100
Transportation index134134100
Utilities index202207100
Here we can see a simple outline of the cost of living in Honolulu, HI. As you can see, with the average cost of living in Honolulu, HI being 181, that puts it 4% higher than the average of Hawaii and 81% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Honolulu, HI, the price of goods and services are 1% lower than the average of Hawaii as well as 25% higher than the nation's average.

Did you know?

  • The cost of living in Honolulu is 4% higher than the Hawaii average.
  • The cost of living in Honolulu is 81% higher than the national average.
  • The cost of housing in Honolulu is 167% higher than the national average.
  • Hawaii general sales tax is 21% lower than the national average.
  • Hawaii state income tax is 37% lower than the national average.

Find Real Estate Listings In Honolulu

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Honolulu

Compare Honolulu, HI Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Honolulu, HI to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Honolulu, HI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Honolulu, HI salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$84,777$7,065$1,978$2,544
Renters$47,896$3,991$1,117$1,437
The affordability of the housing market in Honolulu, HI as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Honolulu, HI homeowners, the median income is $84,777. This indicates that a monthly maximum of $1,978 should be spent by homeowners on all housing related costs. Renters have a median income of $47,896. This indicates that renters should have a maximum of $1,117 used for their rent related monthly costs.

Hawaii Sales Tax

StateGeneral Sales TaxWith Max Surtax
Hawaii4%4.5%

Hawaii Income Tax

StateIncome Tax (Low)Income Tax (High)
Hawaii1.4%11%
When assessing the complete cost of living in Honolulu, HI, the Hawaii income tax and the Hawaii sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Hawaii maximum surtax is 4.5%, and the Hawaii sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.4% to 11% in Hawaii.

Goods & Services

ItemHonoluluNational avg.Difference
Haircut $16.00$15.562.8%
Beauty Salon $53.37$36.1147.8%
Toothpaste $3.66$2.4748.2%
Shampoo $1.72$0.9678.2%
Movie $11.71$10.1315.6%
Bowling $3.85$4.7418.7%

Groceries

ItemHonoluluNational avg.Difference
Ground Beef $4.88$3.9822.4%
Fried Chicken $2.16$1.4153.7%
Milk $3.79$2.0683.5%
Potatoes $5.38$2.9880.5%
Pizza $11.99$9.4726.6%
Beer $8.76$8.790.4%

Health Care

ItemHonoluluNational avg.Difference
Optometrist $146.94$101.0445.4%
Doctor $110.63$107.443.0%
Dentist $94.66$90.424.7%
Ibuprofen $13.56$9.2846.1%
Lipitor $477.26$426.5011.9%

Housing

ItemHonoluluNational avg.Difference
Home Price $565,000.00$175,700.00221.6%
Avg. Mortgage Payment $3,634.21$1,133.23220.7%
Apartment Rent $1,297.00$920.0041.0%

Transportation

ItemHonoluluNational avg.Difference
Gasoline $2.58$1.9929.2%
Tire Balancing $65.52$45.7643.2%

Utilities

ItemHonoluluNational avg.Difference
All Electricity$455.51$163.81178.1%
Phone $28.95$28.392.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Kailua, HI12,72715454%
Waipio Acres, HI4,80715656%
Waimanalo Beach, HI4,43915757%
Waimalu, HI12,68015959%
Ewa Villages, HI7,14116060%
Honolulu, HI345,13018181%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Anaheim, CA342,97314141%
Tampa, FL348,93497-3%
Aurora, CO339,4801033%
Bakersfield, CA358,70011010%
Santa Ana, CA331,26613232%
Honolulu, HI345,13018181%
Source: The Honolulu, HI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.