People have two or three jobs in Oahu, Hawaii. I moved from a low cost living to Oahu and it was a rude waking. 70 percent goes to rent. Only have 700 left over for bills, car payment, insurances, food. I am planning go back where I make less but live better because of the low cost of living.
Many people who are born and raised here, cannot afford it. An average of 10,000 people leave hawaii every year, away from family and the aina (land). Hawaii is fast becoming affordable only for wealthy outsiders- domestic and foreign.
We lived in Manhattan, and vacationed to Hawaii every 6 months for 7 years. We stopped do to all the robberies and thefts. We didn't stop due to the costs. It was possible to rent a hotel room back then for $50 a night. It is still worth only $50 a night. There is nothing that special anymore about the Honolulu. And I am a licensed lawyer there as well as TX and NY. Now living in France.
I’ve been living in Hawaii since 2010, and I’ve never heard of $50 hotel rooms. In your comment, you said “back then” hotel rooms were $50 bucks a night, was this in the nineteen sixties? Moreover, you speculated that a hotel stay is still worth only $50 dollars a night?! So…are you familiar with inflation and the cost of goods and services increased significantly after the pandemic? I’m sure you’re paying more in your hometown for the necessities, claiming it’s not worth it seems a little ridiculous. We appreciate the tourism and the money that comes with it, the reality is we all depend on it economically in some way. Just remember, aloha resides in the soul and there’s probably nothing special about where you’re from either. Have a wonderful day.
That was pretty good Scott. I managed to buy Kailua condo 2015 when 61 yrs old, for all my cash. I rent out one room to a great tenant, rent covers the maintenance fee. Property taxes is very fair, at 2-3 grand pa. I don’t own or need a car. All my leisure entertainment is free, on the beach. Electric is about $150 pm cos no heating, no aircon needed. The idea of a house with kids and car here in Hawaii doesn’t appeal to me much, can’t afford that anyway.
Houses are built cheap with poor quality in Hawaii. Lack of materials. To build right you must ship all your materials in a container to your Hawaii location from mainland west coast.This saves money too.
Ward is not worth it as renter . I’ve auto paid ~5k in rent here for 4 years and the owners still make me scramble to switch units 30 days before lease ends d/t either fickle sell threats or jacking up rent 600$/month . So abusive
My grocery tripled last 18 months all rent has doubled and landlords are breaking up their houses and each section is ugly and super high Like $4500 for 2 bedroom's all small no ugly condos or townhomes under $800k
Excellent video! So glad I ran across this intelligent, informative clip. I'm a local and was aware of most that was discussed, but I enjoyed this straight-forward, no nonsense presentation.
Thanks for the feedback. Appreciate it and thanks for watching. HOA fees are actually in there for the condo one. That's the $650 maintenance fees cost. Older median sales price condo units should be on average $1/sq ft which most median condos are going to be 500-650 sq ft.
For white collar’s income in reality good with added COLA benefits but for blue collar’s they have to have at least double jobs and work extra on weekends to be able to make it.
I was considering moving to Hawaii from Florida, but after intense research I decided I will stay in Florida. I would not be able to buy the type of home I have in Florida in Hawaii for $450-$500K!! I also understand that some homes in Hawaii cannot be insured due to their location near the lava flow (USGS survey.) Most upgrades I have seen in homes do not have permits, hence they are uninsurable or you cannot get a mortgage. The volcano can spit VOG gases and the air quality might be compromised. The cost of living in Hawaii is much higher than in Florida, like gas, groceries, eating out, and other overall expenses. Property taxes are lower in Hawaii, but then they get you with State Tax for IRA contributions (which I do get monthly since I am retired.) No State Tax in Florida at all. Then there is the isolation syndrome in the islands, being far from great Hospitals (I have some health issues), theme parks, shopping malls, etc. And last but not least, the weather in a specific location has its own micro-climate, which can be annoying since you cannot get a home in a consistent climate area. In Florida, what you see is what you get as far as climate- dry and comfortable in the winter and humid/rainy in the rainy season (May-Oct.) I decided to stay in Florida, since I still have my tropical climate, access to great theme parks, lower cost for homes, cars, food, gas. etc. I live inland, in Ocala, so I don't really worry about hurricanes (I prepare anyway, but I never had to evacuate in 30 years since living in Florida.) Hawaii is very beautiful much like California, but after careful research (based on my annual retiree IRS/SS income of $45K), the bang for my buck will go a longer way in Florida than Hawaii. It's all about economics not ergonomics.
The problem with Hawaii is that the people of Hawaii are totally clueless because they keep voting democrat ever single time even though they get abused by this party,,it’s insane doing the same thing over and over again expecting different results
What is every editor think it’s a good idea to put an entire band of noise at the same level of volume as the speaker to try to desperately hear the information 😂 * sure would like to know what the person saying… too bad you’re going to listen to this band
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This is one of the best breakdown videos regarding cost of living for potential transplants. Great job!
Thanks for watching and the feedback. appreciate it.
People have two or three jobs in Oahu, Hawaii. I moved from a low cost living to Oahu and it was a rude waking. 70 percent goes to rent. Only have 700 left over for bills, car payment, insurances, food. I am planning go back where I make less but live better because of the low cost of living.
Totally understand. Thanks for sharing. Definitely want people to know the costs before they move out to prevent disaster
the Quality of Life; being outpriced out of paradise is a real thing; that's why some people leave Hawai'i for Las Vegas (the "9th Island")...
Many people who are born and raised here, cannot afford it. An average of 10,000 people leave hawaii every year, away from family and the aina (land). Hawaii is fast becoming affordable only for wealthy outsiders- domestic and foreign.
We lived in Manhattan, and vacationed to Hawaii every 6 months for 7 years. We stopped do to all the robberies and thefts. We didn't stop due to the costs. It was possible to rent a hotel room back then for $50 a night. It is still worth only $50 a night. There is nothing that special anymore about the Honolulu. And I am a licensed lawyer there as well as TX and NY. Now living in France.
I’ve been living in Hawaii since 2010, and I’ve never heard of $50 hotel rooms. In your comment, you said “back then” hotel rooms were $50 bucks a night, was this in the nineteen sixties? Moreover, you speculated that a hotel stay is still worth only $50 dollars a night?! So…are you familiar with inflation and the cost of goods and services increased significantly after the pandemic? I’m sure you’re paying more in your hometown for the necessities, claiming it’s not worth it seems a little ridiculous. We appreciate the tourism and the money that comes with it, the reality is we all depend on it economically in some way. Just remember, aloha resides in the soul and there’s probably nothing special about where you’re from either. Have a wonderful day.
Hi from Transylvania, cold mountains. Can you fish there and swim all the time????
Very informative! Thank you.
You're welcome. Glad it was helpful.
Good one.
My RV costs me about $30,000 a yr to live in for 6 months a year
That was pretty good Scott. I managed to buy Kailua condo 2015 when 61 yrs old, for all my cash. I rent out one room to a great tenant, rent covers the maintenance fee. Property taxes is very fair, at 2-3 grand pa. I don’t own or need a car. All my leisure entertainment is free, on the beach. Electric is about $150 pm cos no heating, no aircon needed. The idea of a house with kids and car here in Hawaii doesn’t appeal to me much, can’t afford that anyway.
That’s a great examples. Thanks for sharing.
Houses are built cheap with poor quality in Hawaii. Lack of materials. To build right you must ship all your materials in a container to your Hawaii location from mainland west coast.This saves money too.
Ward is not worth it as renter . I’ve auto paid ~5k in rent here for 4 years and the owners still make me scramble to switch units 30 days before lease ends d/t either fickle sell threats or jacking up rent 600$/month .
So abusive
My grocery tripled last 18 months
all rent has doubled and landlords are breaking up their houses and each section is ugly and super high Like $4500 for 2 bedroom's all small
no ugly condos or townhomes under $800k
Excellent video! So glad I ran across this intelligent, informative clip. I'm a local and was aware of most that was discussed, but I enjoyed this straight-forward, no nonsense presentation.
Thank you for watching a appreciate the feedback.
You can’t get much in town for the medium. You have to live in Ewa/ Kapolei. Now you have to live in a sauna, commute.
Need to add HOA fees. I have seen them as high as $2000 per month.
Thanks for the feedback. Appreciate it and thanks for watching. HOA fees are actually in there for the condo one. That's the $650 maintenance fees cost. Older median sales price condo units should be on average $1/sq ft which most median condos are going to be 500-650 sq ft.
Thanks for posting. Considering retiring in Oahu.
Ahh. Okay. Thanks for that clarification. Although I think $650 would be on the low end.
I thought the same about HOA.
Great deal! 'Now's a great time to Buy! 😂
For white collar’s income in reality good with added COLA benefits but for blue collar’s they have to have at least double jobs and work extra on weekends to be able to make it.
What you can buy for $10000???
I was considering moving to Hawaii from Florida, but after intense research I decided I will stay in Florida. I would not be able to buy the type of home I have in Florida in Hawaii for $450-$500K!! I also understand that some homes in Hawaii cannot be insured due to their location near the lava flow (USGS survey.) Most upgrades I have seen in homes do not have permits, hence they are uninsurable or you cannot get a mortgage. The volcano can spit VOG gases and the air quality might be compromised. The cost of living in Hawaii is much higher than in Florida, like gas, groceries, eating out, and other overall expenses. Property taxes are lower in Hawaii, but then they get you with State Tax for IRA contributions (which I do get monthly since I am retired.) No State Tax in Florida at all. Then there is the isolation syndrome in the islands, being far from great Hospitals (I have some health issues), theme parks, shopping malls, etc. And last but not least, the weather in a specific location has its own micro-climate, which can be annoying since you cannot get a home in a consistent climate area. In Florida, what you see is what you get as far as climate- dry and comfortable in the winter and humid/rainy in the rainy season (May-Oct.) I decided to stay in Florida, since I still have my tropical climate, access to great theme parks, lower cost for homes, cars, food, gas. etc. I live inland, in Ocala, so I don't really worry about hurricanes (I prepare anyway, but I never had to evacuate in 30 years since living in Florida.) Hawaii is very beautiful much like California, but after careful research (based on my annual retiree IRS/SS income of $45K), the bang for my buck will go a longer way in Florida than Hawaii. It's all about economics not ergonomics.
Glad you were able to figure out the best scenario for you. Thanks for watching and commenting
Depending on what area on Oahu Eastside or Westside Honolulu Kakaako one waterfront Towers two bedroom maintenance fit cost $2,000 month.
You have a variety options to choose from on Oahu.
The Median incomes and the median house prices don't make sense.
It's NOT "the cost" - but the UNreal cost!
The problem with Hawaii is that the people of Hawaii are totally clueless because they keep voting democrat ever single time even though they get abused by this party,,it’s insane doing the same thing over and over again expecting different results
I'm from the rock. N it's sucks. I hate it
What is every editor think it’s a good idea to put an entire band of noise at the same level of volume as the speaker to try to desperately hear the information 😂 * sure would like to know what the person saying… too bad you’re going to listen to this band
Condolulu sucks.
haha. "Condolulu" that's funny.