In Honolulu, the median home price is $542,500 and has only risen by 5.6 percent over last year.

Housing prices aren't escalating at such an extreme as rentals, though. That may seem steep, but a two-bedroom, at an average price of $5,230 per month, has risen 149 percent over last year. That puts rent prices up much higher, as well, and they continue to increase.Ī one-bedroom apartment in Honolulu costs an average of $3,280 per month, up 57 percent over last year. Overall, the cost of living for housing in Hawaii is 120.7 percent above the national average. It's also indicative of how much housing in paradise can cost. to call home, Honolulu is a perfect example of what island living can provide. One of the best state capitals in the U.S. How much do you need to earn to live in Hawaii?.

These key areas of everyday life may help give you a better idea of whether Hawaii fits into your budget. When you look at real prices, can you afford to live in this tropical paradise? Think of them as the line items you'd have on your monthly budget list. No matter which island you're on, the natural beauty and culture of Hawaii are everywhere, but does all that come with too high a cost?įiguring out the cost of living in Hawaii means taking into account a variety of factors. For those who aren't there to vacation, is it a really expensive place to live?Ĭrystal blue water, beautiful volcanoes and the Aloha spirit make Hawaii a truly unique location to call home. Hawaii is an island paradise where people live and work every day.

Download the price is steep