Cost Of Living For a Single Person in Honolulu 2024

Single person cost of living chart - individual average monthly expenditure in Honolulu

Average Monthly Expenditure

Currency: USD
490 3,500 23,000
MINIMUM AVERAGE MAXIMUM

Average monthly spending for a single person or individual in Honolulu

How much money does an individual need in a month to survive in Honolulu?

A single person in Honolulu spends around 3,500 USD per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 490 USD or as high as 23,000 USD. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Honolulu


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Honolulu

Dining, food, and beverages costs


Fast food combo meal

6.3 USD 13 USD 21 USD
MINIMUM AVERAGE MAXIMUM

Restaurant meal for one

20 USD 29 USD 59 USD
MINIMUM AVERAGE MAXIMUM

Fine dining meal for one

39 USD 59 USD 240 USD
MINIMUM AVERAGE MAXIMUM

Cappuccino or latte

5.2 USD 8.4 USD 13 USD
MINIMUM AVERAGE MAXIMUM

Grocery and market costs


Milk large bottle

4.2 USD 5 USD 6.3 USD
MINIMUM AVERAGE MAXIMUM

12 eggs

3.1 USD 4.2 USD 6.3 USD
MINIMUM AVERAGE MAXIMUM

Fresh whole chicken

7.1 USD 9.2 USD 13 USD
MINIMUM AVERAGE MAXIMUM

Pack of beef

8.4 USD 13 USD 25 USD
MINIMUM AVERAGE MAXIMUM

Medium bag of rice

3.4 USD 4.6 USD 6.5 USD
MINIMUM AVERAGE MAXIMUM

Bag of tomatos

1.3 USD 1.7 USD 3.1 USD
MINIMUM AVERAGE MAXIMUM

Bag of apples

2.2 USD 2.9 USD 4.8 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of commute, travel, and transportation in Honolulu


Commute, travel, and transportation costs


20 minutes taxi ride

4.9 USD 5.9 USD 12 USD
MINIMUM AVERAGE MAXIMUM

Average car full tank

31 USD 42 USD 84 USD
MINIMUM AVERAGE MAXIMUM

Average car 1-day rental

27 USD 37 USD 55 USD
MINIMUM AVERAGE MAXIMUM

Average car price

16,000 USD 31,000 USD 42,000 USD
MINIMUM AVERAGE MAXIMUM

Bus ticket one way

0.92 USD 1.4 USD 2.7 USD
MINIMUM AVERAGE MAXIMUM

Car Service

37 USD 55 USD 110 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of utility, energy, water, and gas in Honolulu


Utility cost (monthly)


Utility Bill - Individual

30 USD 210 USD 1,400 USD
MINIMUM AVERAGE MAXIMUM

Internet and cable

31 USD 63 USD 84 USD
MINIMUM AVERAGE MAXIMUM

Mobile phone charges

25 USD 42 USD 130 USD
MINIMUM AVERAGE MAXIMUM

Leisure and activities costs


Movie ticket

16 USD 21 USD 31 USD
MINIMUM AVERAGE MAXIMUM

One month gym membership

44 USD 55 USD 110 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of clothing and accessories in Honolulu


Cloths and accessories costs


Pair of jeans or pants

32 USD 46 USD 69 USD
MINIMUM AVERAGE MAXIMUM

Woman dress

31 USD 42 USD 140 USD
MINIMUM AVERAGE MAXIMUM

Woman shoes

29 USD 39 USD 92 USD
MINIMUM AVERAGE MAXIMUM

Men's shoes

25 USD 31 USD 61 USD
MINIMUM AVERAGE MAXIMUM

Men suit

27 USD 34 USD 180 USD
MINIMUM AVERAGE MAXIMUM

Regular t-shirt

14 USD 18 USD 55 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of housing, accommodation, and rent in Honolulu


Housing costs / monthly rent


Studio apartment

460 USD 690 USD 1,800 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment

690 USD 1,100 USD 2,700 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment

920 USD 1,400 USD 3,700 USD
MINIMUM AVERAGE MAXIMUM

Housing costs / Buying


Studio apartment

92,000 USD 140,000 USD 270,000 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment

110,000 USD 180,000 USD 690,000 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment

180,000 USD 550,000 USD 1.1M USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of furniture in Honolulu


Furniture Costs


King Size Bed

630 USD 780 USD 1,000 USD
MINIMUM AVERAGE MAXIMUM

Double Bed

420 USD 630 USD 780 USD
MINIMUM AVERAGE MAXIMUM

Single Bed

370 USD 480 USD 630 USD
MINIMUM AVERAGE MAXIMUM

Living Room

700 USD 900 USD 3,100 USD
MINIMUM AVERAGE MAXIMUM

Dining Table

310 USD 420 USD 780 USD
MINIMUM AVERAGE MAXIMUM

Sofa or Couch

420 USD 570 USD 1,300 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of electronic devices and appliances in Honolulu


Electronics and House Appliance Costs


TV Set

420 USD 630 USD 1,300 USD
MINIMUM AVERAGE MAXIMUM

Fridge or Freezer

370 USD 570 USD 780 USD
MINIMUM AVERAGE MAXIMUM

Washing Machine

480 USD 700 USD 1,300 USD
MINIMUM AVERAGE MAXIMUM

Stove or Cooker

450 USD 570 USD 780 USD
MINIMUM AVERAGE MAXIMUM

Mobile Phone

520 USD 630 USD 900 USD
MINIMUM AVERAGE MAXIMUM

Laptop or Computer

570 USD 700 USD 1,300 USD
MINIMUM AVERAGE MAXIMUM
Single person or Individual cost of living and expenditure to income ratio in Honolulu

Single person expenditure to income ratio in Honolulu

Analysing the how affordable it is for an individual to live in Honolulu

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

66%

59% to 74%

( expenditure / income ) x 100


Individuals in Honolulu spend around 66% of their monthly income. Some individuals spend as low as 59% of their income while some as high as 74%.

Distribution of monthly cost of living expenses of a single person in Honolulu

How do individuals spend their money in Honolulu?

We asked thousands of individuals about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for individuals

Accomodation Cost34%

34% of total expenses on average (22% to 46%)

LOW180 USD
AVERAGE1,200 USD
HIGH8,300 USD
Per Month

Individuals in Honolulu typically spend from 22% to 46% of their total monthly expenditure on housing with 34% being the average. The average monthly spend on housing is 1,200 USD with expenditure ranging from 180 USD to 8,300 USD. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Cost of utilities7%

7% of total expenses on average (3% to 12%)

LOW30 USD
AVERAGE210 USD
HIGH1,400 USD
Per Month

Utility expenditure like electricity, water, and gas in Honolulu ranges from 3% to 12% of total expenses with 7% being the average for most individuals. The average monthly cost of utilities is 210 USD with 30 USD and 1,400 USD being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel7%

7% of total expenses on average (5% to 13%)

LOW40 USD
AVERAGE280 USD
HIGH1,800 USD
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 40 USD to 1,800 USD in a month on commuting with 280 USD being the norm for most individuals. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 5% or as high as 13%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost17%

17% of total expenses on average (11% to 22%)

LOW79 USD
AVERAGE550 USD
HIGH3,700 USD
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Honolulu is 550 USD. The cost of groceries can range between 79 USD to 3,700 USD. Individuals spend on average about 17% on food and groceries with upper and lower bounds of 11% and 22% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare10%

10% of total expenses on average (4% to 14%)

LOW45 USD
AVERAGE310 USD
HIGH2,100 USD
Per Month

Individuals in Honolulu allocate 4% to 14% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 10%. The range of medical expenses range from 45 USD to 2,100 USD with 310 USD being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping4%

4% of total expenses on average (3% to 7%)

LOW25 USD
AVERAGE170 USD
HIGH1,200 USD
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 25 USD to 1,200 USD with 170 USD being the average. Speaking of percentages, that equates to 3% to 7% of total expenses with an average of 4% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW9.9 USD
AVERAGE69 USD
HIGH460 USD
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 2% of the monthly expenditure of individuals with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 69 USD per month with 9.9 USD being the minimum spent amount and 460 USD being the maximum.

Other Expenses19%

19% of total expenses on average (11% to 23%)

LOW89 USD
AVERAGE620 USD
HIGH4,200 USD
Per Month
Percentage of individuals who manage to save money from their income every month in Honolulu

What percentage of individuals in Honolulu are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
69%
Not Saving
31%

Almost 69% of surveyed individuals in Honolulu said that they can save some money at the end of each month while 31% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Honolulu

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do individuals manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

16% 26% of income 33%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

160 USD 1,500 USD 9,800 USD
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%28%
10% - 20%22%
20% - 30%15%
30% - 40%17%
40% - 50%13%
> 50%5%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 16% to 33% of their monthly income to their savings, with 26% being the average for most individuals. The average monthly amount of money that individuals can put aside is 1,500 USD with 160 USD and 9,800 USD being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Honolulu

Saving Challenges in Honolulu

Reasons that make it difficult for individuals to save money

We wanted to understand what is stopping people from maximizing their savings in Honolulu. Listed below are the answers given by the survey participants.


Reason% People
Low Income7%
High Expenses10%
Debt and Loans19%
Lack of Budgeting Skills10%
Impulsive Spending9%
Financial Emergencies6%
Living the moment7%
Will do it later16%
Inflation10%
Social Pressure4%
Market Instability3%

Around 7% of the individuals said that their salary is too low to accommodate a portion for savings while 10% said that the high cost of living leaves little room for savings. 19% of the residents said that they are burdened with debt and find it challenging to save money. 10% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 9% of individuals blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 7% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 16% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 10% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 4% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in Honolulu

Typical saving choices for individuals in Honolulu

Where do people choose to put their savings?


Saving Type% People
Emergency Funds10%
Gold9%
Savings Accounts18%
Retirement Accounts12%
Cash Savings15%
Real Estate10%
Investment6%
Stocks7%
Bonds7%
Mutual Funds3%
Certificates of Deposit4%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for individuals to live in Honolulu

Affordable living in Honolulu

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Honolulu?


Yes
75%
No
25%

Around 75% of surveyed individuals think that living in Honolulu is affordable with proper budgeting while 25% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Honolulu

Low-cost alternatives in Honolulu

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options58%

Few low-cost options42%


Based on the survey, 58% of the individuals living in Honolulu have no problem finding low-cost alternatives to support a frugal lifestyle while 42% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked individuals of Honolulu whether they have an emergency fund and the answers were as follows.

Yes73%

No27%


Based on the survey, 27% of the individuals living in Honolulu said that they don't have an emergency fund while 73% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Honolulu

Financial Literacy in United States

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy77%


We asked individuals in Honolulu whether they acquired any adequate personal financial training in their lives. Approximately 23% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 77% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether single people of United States have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 19% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 81% said that they have everything under control.

Struggles with finance19%

Easily manages finances81%

Financial goals and targets of single people living in Honolulu

Financial goals of individuals in Honolulu

In an attempt to understand the economic situation in Honolulu, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund6%
Debt Reduction30%
Retirement Savings7%
Education Funding9%
Homeownership16%
Investing9%
Travel or Lifestyle12%
Healthcare Expenses8%
Financial Independence9%

Around 6% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 30% said their number one priority is to pay off high-interest debt or loans and improve credit. 7% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 9% reported that their priority is saving for the tuition fees and education costs of their children while 16% choose to buy a home or pay off existing mortgage before other things. 9% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 12% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 8% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Honolulu

Debt, loans, and mortgages in Honolulu


Percentage of individuals who are in debt


In Debt
22%
Debt Free
78%

According to the survey, 22% of the individuals in Honolulu have some kind of debt, loan, mortgage, or credit card payments while 78% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Honolulu

Debt-to-income ratio in Honolulu

Debt to income ratio

23%

14% to 32%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 23% of a single person's monthly income in Honolulu goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%2%
50% - 60%10%
40% - 50%10%
30% - 40%12%
20% - 30%16%
10% - 20%20%
0% - 10%28%

According to our data, 2% of the debtors in Honolulu pay 60%+ of their income as debt settlement while 10% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 10% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 12% dedicated 30% to 40% of income for same. Things are looking brighter for 16% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Honolulu

Debt% People
Real Estate Mortgage14%
Auto Loan24%
Student Loan3%
Credit Card24%
Personal Loan35%

14% of debtors in Honolulu confirm that real estate mortgages constitutes the main part of their outstanding debt while 24% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 24% of people and personal loans rose at 35%. Lastly, student loans are the main source of debt for 3% of debtors in Honolulu.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Honolulu

Besides measuring the loan-to-income ratio, we asked individuals of Honolulu how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never56%
Once a year21%
Twice a year11%
Three times a year8%
Four times a year3%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Honolulu

Housing costs, accommodation, and housing affordability in Honolulu

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Honolulu

Monthly Rent Prices

Studio apartment monthly rent cost

460 USD 690 USD 1,800 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment monthly rent cost

690 USD 1,100 USD 2,700 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment monthly rent cost

920 USD 1,400 USD 3,700 USD
MINIMUM AVERAGE MAXIMUM

3-bedroom apartment monthly rent cost

1,100 USD 1,800 USD 5,000 USD
MINIMUM AVERAGE MAXIMUM

Furnished apartment monthly rent cost

2,200 USD 5,500 USD 11,000 USD
MINIMUM AVERAGE MAXIMUM

Townhouse monthly rent cost

1,800 USD 2,700 USD 7,800 USD
MINIMUM AVERAGE MAXIMUM

House monthly rent cost

2,200 USD 5,500 USD 11,000 USD
MINIMUM AVERAGE MAXIMUM

Villa monthly rent cost

2,700 USD 6,900 USD 11,000 USD
MINIMUM AVERAGE MAXIMUM

The monthly rental cost of a studio apartment in Honolulu ranges between 460 USD and 1,800 USD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 690 USD to 2,700 USD. Two-bedroom rentals rate ranges between 920 USD and 3,700 USD per month. The monthly rental for a three-bedroom apartment ranges from 1,100 USD to 5,000 USD. The average rent of a townhouse in Honolulu is around 2,700 USD while house rental costs can be as high as 5,500 USD per month. Finally, if you want to rent a villa, expect to pay anywhere from 2,700 USD to 11,000 USD per month.



Apartment and house prices in Honolulu

Cost of buying a property

Studio apartment price

92,000 USD 140,000 USD 270,000 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment price

110,000 USD 180,000 USD 690,000 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment price

180,000 USD 550,000 USD 1.1M USD
MINIMUM AVERAGE MAXIMUM

3-bedroom apartment price

610,000 USD 920,000 USD 2.7M USD
MINIMUM AVERAGE MAXIMUM

Townhouse price

780,000 USD 1.8M USD 6.9M USD
MINIMUM AVERAGE MAXIMUM

House price

920,000 USD 5.5M USD 7.8M USD
MINIMUM AVERAGE MAXIMUM

Villa price

1.1M USD 6.1M USD 9.2M USD
MINIMUM AVERAGE MAXIMUM

The average price of a studio apartment in Honolulu can range from 92,000 USD to 270,000 USD depending on location. One bedroom cost can be anywhere from 110,000 USD to 690,000 USD. A villa can cost you 6.1M USD on average with prices ranging from 1.1M USD to 9.2M USD.


If you're leasing or purchasing, housing costs in Honolulu will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


45 x134 monthly income 209
MINIMUM AVERAGE MAXIMUM

Property prices in Honolulu can be x134 to x209 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x134 multiples of the average monthly salary in Honolulu.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


23% 32% of income 41%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Honolulu is around 32%. This means that people pay 32% of their income for rent. Those figures can range from 23% to 41% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
30%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.6%
AVERAGE
3.7%
TO
4.7%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


7.7 USD 100 USD 1,000 USD
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Honolulu

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Honolulu

Utility Bill Cost / Electricity + Water + Gas / A single person

30 USD 210 USD 1,400 USD
MINIMUM AVERAGE MAXIMUM

Internet and cable cost

31 USD 63 USD 84 USD
MINIMUM AVERAGE MAXIMUM

Mobile phone bill and charges

25 USD 42 USD 130 USD
MINIMUM AVERAGE MAXIMUM

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of individuals is around 210 USD. The cost of internet and WiFi ranges from 31 USD to 84 USD with 63 USD being the average internet bill. Finally, the average monthly mobile charges is around 42 USD but can range between 25 USD and 130 USD depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


0.90% 3.7% of income 7.3%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Honolulu is around 3.7%. This means that people pay 3.7% of their income for energy, water, internet, and mobile charges. Those figures can range from 0.90% to 7.3% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Honolulu

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Honolulu

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

6.3 USD 13 USD 21 USD
MINIMUM AVERAGE MAXIMUM

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Honolulu is approximatly 13 USD with meal cost ranging from 6.3 USD to 21 USD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

20 USD 29 USD 59 USD
MINIMUM AVERAGE MAXIMUM

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 20 USD and 59 USD with 29 USD being the average price of a plate for one person at a regular restaurant in Honolulu.

Fine dining meal for one price

39 USD 59 USD 240 USD
MINIMUM AVERAGE MAXIMUM

The price range of a meal at fine-dining restaurant is 39 USD to 240 USD with the average cost being 59 USD for one person. This is what you would expect to pay a top-tier diner in Honolulu.

Beverage prices, cappuccino, latte etc..

5.2 USD 8.4 USD 13 USD
MINIMUM AVERAGE MAXIMUM

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Honolulu is around 8.4 USD. Price ranges between 5.2 USD and 13 USD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

4.2 USD 5 USD 6.3 USD
MINIMUM AVERAGE MAXIMUM

The average price of a large bottle of milk in Honolulu is 5 USD. The maximum what you would pay for milk is 6.3 USD and the minimum being 4.2 USD depending on the brand of milk and other properties.

12 eggs price

3.1 USD 4.2 USD 6.3 USD
MINIMUM AVERAGE MAXIMUM

A dozen eggs costs around 4.2 USD on average with 3.1 USD and 6.3 USD being the lower and upper limits respectively.

Fresh whole chicken price

7.1 USD 9.2 USD 13 USD
MINIMUM AVERAGE MAXIMUM

The price range of a fresh whole chicken in Honolulu is between 7.1 USD and 13 USD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 9.2 USD.

Pack of beef price

8.4 USD 13 USD 25 USD
MINIMUM AVERAGE MAXIMUM

The price of a regular pack of beef or meat is around 13 USD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

3.4 USD 4.6 USD 6.5 USD
MINIMUM AVERAGE MAXIMUM

A bag of rice in Honolulu costs around 4.6 USD on average with prices rangeing between 3.4 USD and 6.5 USD depending on the brand and quality.

Bag of tomatos price

1.3 USD 1.7 USD 3.1 USD
MINIMUM AVERAGE MAXIMUM

A bag of tomatoes costs anywhere from 1.3 USD to 3.1 USD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

2.2 USD 2.9 USD 4.8 USD
MINIMUM AVERAGE MAXIMUM

A bag of apples costs 2.9 USD on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


15% 22% of income 28%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Honolulu is around 22%. This means that individuals spend 22% of their income on grocery and basic household items. The expenditure can range from 15% to 28% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 79 USD to 3,700 USD with the location, income being the most determinite factors.

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