Cost of Living in Hilo, HI
Housing
The housing market plays a significant role in determining the cost of living in Hilo, HI.
- Housing Index: 160.0 / 100
- Median Home Price is: $479000
- Average Rent (2 BR Apartment): $2500 per month
- Average Rent (2 BR House): $2400 per month
Based on the data provided for Hilo, HI, the housing index stands at 160.0, indicating a relatively high cost of living. Additionally, the median home price is set at 479000, which is substantial. For rental options, the average rent for a 2-bedroom apartment is 2500, while a 2-bedroom house averages 2400. These figures suggest that both buying and renting in this area may require a significant financial commitment. Potential residents should evaluate their budgetary constraints, income levels, and long-term plans before making a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hilo, HI.
- Electricity Price: $42.45 USD (median by state)
- Natural Gas Price: $51.22 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $350 per month
Living in Hilo, HI could entail higher utility costs. Electricity costs sit at $42.45, while natural gas is priced at $51.22 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $350 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hilo is a financially viable option for your relocation.