Quality of Life in Honolulu, HI on a $122,160 Salary

Economic Overview

• Annual Salary: $122,160
• Comparison: This income is above the national median household income, which was approximately $68,700 in 2021.

Cost of Living

• Overall Cost: Honolulu has one of the highest costs of living in the United States.
• Comparison to National Average: The cost of living is approximately 88% higher than the national average.
• Everyday Expenses:
  • Groceries and dining tend to be significantly pricier than mainland prices.
  • Utilities and transportation costs are also above the national average.

Housing Market

• Median Home Price: As of late 2023, the median home price in Honolulu is around $850,000, which is substantially higher than the national median of approximately $390,000.
• Rent Costs:
  • Average rental prices for a one-bedroom apartment in the city center can be as high as $2,500 per month.
  • Renting is a more feasible option for many residents due to high property prices.

Quality of Life

• Lifestyle: Despite high costs, Honolulu offers a unique quality of life shaped by its beautiful landscapes, cultural diversity, and vibrant community life.
• Work-Life Balance: Outdoor activities and a slower-paced island lifestyle contribute positively to work-life balance.
• Challenges: High living costs can be a financial strain, necessitating budget-conscious living practices for many.

Access to Healthcare

• Healthcare Quality: Honolulu offers robust healthcare services with several well-regarded hospitals and clinics.
• Cost Factor: Healthcare costs are relatively high, aligning with the general cost of living.
• Insurance Access: Most employers provide comprehensive healthcare benefits, partly offsetting these costs.

Quality of K-12 Schools

• Public Schools: Quality varies across different areas; schools in wealthier neighborhoods often outperform those in less affluent parts.
• Private Education: Numerous private schools offer high-quality education, though they come with high tuition costs.
• Overall Perspective: Educational quality remains competitive but accessing top-tier education may require additional resources and planning.

Summary of Assessment

Honolulu offers a desirable quality of life with its unique natural beauty and laid-back culture, yet this comes at a high cost. A salary of $122,160 allows for a comfortable living standard but necessitates careful financial management due to elevated expenses in