Quick Answer: How Much Money Should I Save Before Moving To Hawaii?

What is a good salary in Hawaii?

Adjusted for the cost of living, the household happiness threshold in Hawaii is tops in the nation, at $122,175.

That amount was on par with the annual income recently calculated by the Wall Street Cheat Sheet, a financial news content partner of USA Today, to “live comfortably” in Hawaii: $122,000..

How much is rent in Hawaii?

Living in Hawaii and Housing CostCOUNTYAVERAGE RENT*INCOME NEEDEDHawaii (Big Island)$1,194$22.96/hour or $47,760/yearHonolulu (Oahu)$1,985$38.17/hour or $79,400/yearKauai$1,238$23.81/hour or $49,520/yearMaui (includes Molokai and Lanai)$1,286$24.73/hour or $51,440/year1 more row

What are the downsides of living in Hawaii?

List of the Cons of Living in HawaiiThere are lava flows to consider when living in Hawaii. … Some places in Hawaii receive a lot of rain. … The cost of living in Hawaii is significantly higher than most other states. … Traffic in highway is nothing short of a nightmare on some islands.More items…•

What are the highest paying jobs in Hawaii?

Here’s a quick look at the top ten highest paying jobs in Hawaii:Physicians, All Other; and Ophthalmologists, Except Pediatric.Nurse Anesthetists.Chief Executives.Dentists, General.Pediatricians, General.Health Specialties Teachers, Postsecondary.Architectural and Engineering Managers.More items…

Is Hawaii dangerous to live at?

The island overall is extremely safe, and the different areas and regions to live on island are all safe. The island hosts now annually just about 9.3 million visitors. This, in my opinion, can cause more of the trouble you see around then from the residents.

Can you live in Hawaii cheap?

Move Somewhere Affordable Generally, Hawaii is expensive, but there are some places to live that are more affordable than others. Hilo, located on Hawaii Island, is known for its cheaper prices as well as being the gateway to Hawaii Volcanoes National Park.

What is the average living wage in Hawaii?

Living Wage Calculation for Honolulu County, Hawaii1 ADULT0 Children2 ChildrenLiving Wage$16.59$32.55Poverty Wage$6.91$11.80Minimum Wage$10.10$10.10

Why you shouldn’t move to Hawaii?

Reason #7 you should not move to Hawaii: Fewer choices, less competition, poorer service, higher prices. Because of Hawaii’s disincentives, there is less competition for anything in our small, closed market. Less competition is almost always bad for consumers and here it applies to much more than just high prices.

How much is a loaf of bread in Hawaii?

Food pricesMarkets[ Edit ]Loaf of Fresh White Bread (1 lb)4.44 $Rice (white), (1 lb)2.74 $Eggs (regular) (12)4.65 $Local Cheese (1 lb)6.84 $10 more rows

What are the bad things about living in Hawaii?

Choose 3 Worst Things About Living in HawaiiHigh cost of living (71%, 37 Votes)Illegal drugs epidemic (37%, 19 Votes)Traffic (29%, 15 Votes)Low pay (27%, 14 Votes)High unemployment (19%, 10 Votes)Isolation from other places (19%, 10 Votes)Too many tourists (15%, 8 Votes)More items…•

Is it hard to find work in Hawaii?

Companies don’t even bother. The next thing I need to tell you is that finding a job in Hawaii is not always difficult, but, you will definitely need to apply some effort to find one. … Yes, the cost of living is very high, but, the salary for jobs in Hawaii doesn’t usually compensate for your high expenses.

How much money do you need to live comfortably in Hawaii?

INCOME. In order to live comfortably in Hawaii, studies show that you’ll need a whopping salary of over $122,000.

What is the cheapest way to move to Hawaii?

But with a little ingenuity, you can afford to live in Hawaii.Inexpensive Housing. Choose your location carefully. … Groceries and Meals. Save money on food by buying in bulk at large discount stores, such as Costco or Sam’s Club. … Daily Living. Use public transportation whenever possible. … Other Considerations.

Do you have to be rich to live in Hawaii?

There is no requirement that you have money. But if you wish to recreate your current lifestyle, get ready to spend money. In Hawaii every time you pass money or items of value to another person there is a 4.5% tax.

Does Hawaii pay you to live there?

Hawaii Will Pay You Up to $60,000 to Live and Work in Paradise.

Which is the cheapest island to live on in Hawaii?

Here Are The 13 Cheapest Yet Greatest Places To Live In Hawaii Laie, Oahu. Allie/Flickr. … Wailuku, Maui. Emmett Anderson/Flickr. … Kurtistown, Big Island. Joel Abroad/Flickr. … Waimea, Kauai. Robert Linsdell/Flickr. … Wahiawa, Oahu. Sean Munson/Flickr. … Haiku, Maui. Ken Lund/Flickr. … Kaunakakai, Molokai. … Lihue, Kauai.More items…•

Is it realistic to move to Hawaii?

Your move is an exciting and fun time, but it should also be one that’s done with caution and realistic expectations, or else you may be one of the hundreds who move back to the mainland each year. Hawaii is paradise for many reasons, but it’s also a difficult place to live for most because of the economy.

How much money do I need to retire in Hawaii?

An early retiree would need about $1.4 million. The analysis also crunched the numbers for really, really early retirement. Someone in Hawaii looking to retire at age 35, for example, would need $3.26 million stashed away.