Quality of Life for a $73,440 Income in Honolulu, HI

Cost of Living

• Honolulu's cost of living is significantly higher than the national average.
• Key expenses such as groceries, utilities, and transportation are more expensive.
• A single person's estimated monthly costs without rent are approximately $1,200.

Housing Market

• Median home prices in Honolulu are substantially higher than the national average.
• Buying a home may prove difficult on a $73,440 income, with average house prices often exceeding $1 million.
• Renting is more viable, but rental prices are also above national averages, with the median monthly rent for a one-bedroom apartment around $1,900.

Quality of Life

• Despite high costs, Honolulu provides a unique lifestyle with warm weather, ocean-access, and vibrant local culture.
• Outdoor activities and beautiful natural landscapes improve the overall quality of life.
• Rich cultural diversity promotes a harmonious community atmosphere.

Access to Healthcare

• Healthcare in Honolulu is generally high-quality, with access to various medical facilities.
• The cost of healthcare services is higher than the U.S. average, impacting those on fixed incomes.
• Health insurance is essential to manage potential medical expenses effectively.

Quality of K-12 Schools

• Honolulu offers a mix of public and private schools, with varying levels of performance.
• The Hawaii Department of Education has been working to improve public education standards.
• Some schools offer excellent education opportunities, but choices may be limited, necessitating careful research by parents.

Overall, a person earning $73,440 in Honolulu can enjoy aspects of the island's appealing lifestyle, but must navigate significant economic challenges, particularly in housing and living expenses. Access to quality healthcare and a diverse community adds to a positive living experience, even if financial limitations may restrict some lifestyle choices.