Quick facts: Honolulu, HI

Quick Facts

162.4
Cost of Living
above US average
371,657
Population
10.76
Crime Rate per 1000
below US average
$85,500
Median Income
above US average
$698,000
Median House Price
above US average
$3432.49
Average Rent
above US average
9%
Poverty Rate
below US average
2.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $85,500.

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Income Needed to Buy

βœ— Stretch
$219k/year
Based on $698,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $219k vs median $85,500
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Income Needed to Rent

⚠ Stretch
$147k/year
Based on $3432.49/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $147k vs median $85,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Honolulu, HI

Honolulu, the capital of Hawaii, is located on the island of Oahu and is known for its stunning beaches, vibrant culture, and rich history. As the state's largest city, Honolulu is a melting pot of various ethnicities, reflected in its diverse cuisine and festivals. The city boasts famous attractions such as Waikiki Beach, Diamond Head, and Pearl Harbor, drawing millions of tourists annually. Honolulu’s climate is tropical, with warm temperatures year-round, making it an ideal destination for outdoor activities like surfing, hiking, and snorkeling. The local economy heavily relies on tourism but also includes sectors like military defense, agriculture, and research. Culturally, Honolulu is a hub for Hawaiian music, hula, and arts, with numerous galleries and theaters showcasing local talent. The city is also home to landmarks like the Iolani Palace and the Bishop Museum, highlighting Hawaii’s royal heritage and rich history. With its combination of natural beauty, cultural diversity, and historical significance, Honolulu remains a fascinating destination for visitors and a vibrant place for residents.

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