GITNUX MARKETDATA REPORT 2024

Statistics About The Most Affordable Hawaiian Island

The statistics about the most affordable Hawaiian island will provide insights on median home prices, rental costs, and overall cost of living compared to other islands.

In this post, we will explore a comprehensive analysis of the most affordable Hawaiian islands and cities based on a range of statistical data gathered from various reputable sources in 2021. From the cost of living indices to median home prices and daily expenses, these insights provide valuable information for anyone considering living or visiting the beautiful state of Hawaii.

Statistic 1

"According to HomeSnacks, the city of Ewa Beach in Oahu is considered the most affordable place in Hawaii to live as of 2021."

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Statistic 2

"Sperling's Best Places reports that the general cost of living index in Hilo (Hawaii's Big Island) is 175.6, which is lower than the Hawaii average of 186.3."

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Statistic 3

"According to Numbeo, as of 2021, the average monthly rent for an apartment (1 bedroom) Outside of Honolulu's City Centre is around $1,435.60."

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Statistic 4

"According to GOBankingRates, the cheapest Hawaiian island to visit in 2021 was Oahu, with a daily cost of $127."

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Statistic 5

"Using data from Expatistan, it shows that Kailua-Kona (Big Island) is 30% cheaper in terms of cost of living compared to Honolulu (Oahu)."

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Statistic 6

"According to LivinginHawaii, the median house price on the Big Island in 2021 was $403,600."

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Statistic 7

"According to HawaiiNewsNow, in 2021, Maui had the highest median home price at $992,000."

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Statistic 8

"MauiGuideBook reports that Maui has the highest gas prices in 2021, being 30-40% higher than the mainland."

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Statistic 9

"WorkAndMoney reports that the island of Lanai is considered one of the least affordable places to live in Hawaii due to the limited housing."

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Statistic 10

"Numbeo data shows that the cost of basic utilities (Electricity, Heating, Cooling, Water, Garbage) for an 85m2 apartment in Oahu is $157.43, as of 2021."

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Statistic 11

"As per WorldPopulationReview, in 2021, the overall cost of living in Hawaii ranks the highest in the US, with a cost of living index score of 192.9."

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Statistic 12

"Realtor mentions that the median list price in Hawaii's least expensive city, Ewa Beach Oahu, rose 12.9% year-over-year, as of August 2021."

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Statistic 13

"University of Hawaii's research discovered that Hawaii has the highest homeless rate per capita in the entire US in 2020."

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Statistic 14

"UHERO mentions that Hawaii had the 5th highest housing wage in the US in 2021."

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Statistic 15

"Areavibes reports that the cost of living in Hilo is 10% lower than the Hawaii average."

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Statistic 16

"The most affordable place to stay in Kauai, Princeville, has an average daily cost of $191, according to GoBankingRates in 2021."

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Statistic 17

"The Census Bureau reports that the median household income in Hilo, the most affordable city on Hawaii's Big Island, was $62,396 in 2019."

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In conclusion, the statistics reveal that when it comes to affordability in Hawaii, Ewa Beach in Oahu stands out as the most affordable place to live in 2021. Additionally, Hilo on the Big Island offers a lower cost of living compared to the Hawaii average. Kailua-Kona is highlighted as significantly cheaper than Honolulu, especially in terms of the cost of living. However, Maui emerges as one of the least affordable places due to high home prices and expensive gas. Despite the affordability of certain areas, Hawaii overall maintains one of the highest costs of living in the US, with high housing wage and homelessness rates. The dynamics of affordability vary across the different Hawaiian islands, making it essential for residents and visitors to consider their options carefully.

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