Financial Profile: Hawaii
Financial landscape, tax rates, cost of living, and median income scoring for Hawaii residents.
Hawaii at a Glance
Avg Salary
$60,000
Cost of Living
193
Top Tax Rate
11.0%
Adjusted Income
$31,088
Monthly Take-Home
$3,633
Max Rent (30%)
$1,500
Financial Genome at Median Income
Scores calculated for someone earning $60,000/yr in Hawaii with typical expenses.
PPI
15
F
FPI
25
F
LRS
53
C+
REW
30
D
Living in Hawaii: Financial Overview
Hawaii has one of the highest state income taxes with rates up to 11%, plus the highest cost of living in the US.
- High income tax
- Highest cost of living
- Tourism-driven economy
Major Cities
Honolulu, Pearl City, Hilo, Kailua
With a cost of living index of 193 (above the national average of 100), expenses are higher in Hawaii. A $60,000 salary here has the purchasing power equivalent of only $31,088 in an average-cost area.
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