Hawaii is pretty well known for being an expensive place to live. The average monthly income is roughly $50,000 per year while housing costs average around $500,000. To afford a home in Hawaii you would have to make a minimum of about 120k a year according to recent estimates. So its pretty obvious Hawaii's high cost of living stems from a high ratio between income vs housing costs. But its not only housing that is expensive in Hawaii, everything having to do with day to day living puts a hefty burden on anyone who calls Hawaii home. Hawaii is not only number 1 in the cost of real estate its second to no one in food, beverage and gasoline costs. Hawaii of course claims the top spot in overall cost of living. Food is a hot commodity in Hawaii shockingly there is only roughly a week’s supply of it. The cost of food is 150% higher than average. All this makes living in Hawaii a worse proposition than visiting it.
Cost Of Living In Hawaii General Stats
Median Housing income- $84,000
Average home- $500,000
Electricity- 16.73 kwh
Gasoline- $3.00 per gallon
Gasoline Tax-$31.8 per gallon
Diesel Fuel Tax- $41.5
Sales Tax- %4
Cigarette Tax- $1.60 per pack
Income Tax- 1.4% -8.5%