What county in Hawaii has the lowest cost of living?
The county in Hawaii with the lowest cost of living is Maui County. The average living wage in Maui County is $103,095 according to MIT data. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. Housing costs, defined as a blend of the average rent and average mortgage payment, are $21,264 per year in Maui County compared to $23,334 on average in Hawaii.
The average home value in Maui County is $657,400 and the average income is $84,363 per year. Part of the reason this county has the lowest cost of living in Hawaii is a relatively high level of poverty for Hawaii and higher than average crime rates. These factors make a place less desirable to live, but also push down the cost of living.
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People Also Ask About Hawaii
What is the cost of living in Hawaii?
The cost of living in Hawaii is 20.0% higher than the US average. According to MIT, the required living wage for a family of four with two working parents in Hawaii is $107,702 vs the national average for a family of four with two working parents of $89,744. The median income of a Hawaii household is $83,173.
What is the cheapest housing market in Hawaii?
The cheapest housing market in Hawaii is Hickam Housing. The average home value in Hickam Housing is $0, the lowest in the state. The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing.