Looking to relocate to Honolulu? Check out our videos on our YouTube Channel, including tips for saving money on daily expenses.
Costs below are estimated and were last updated on Feb 2023.
Honolulu is one of the most beautiful cities in the world, offering a stunning combination of lush greenery, beautiful beaches, and warm weather. However, before you decide to move to this paradise, it's important to understand the cost of living. This guide will provide you with a comprehensive overview of the expenses you can expect when living in Honolulu.
Housing Costs in Honolulu
One of the biggest expenses when living in Honolulu is housing. The average rent for a one-bedroom apartment in the city center is around $1,800 per month. However, the further you move away from the city center, the cheaper the rent becomes. You can find a one-bedroom apartment for around $1,200 in the suburbs.
If you're looking to buy a house in Honolulu, be prepared to pay a premium. The median home price in Honolulu is around $800,000. However, if you're willing to live outside of the city center, you can find homes for around $500,000.
Transportation Costs in Honolulu
Honolulu is a very car-dependent city, so if you plan on living here, you'll need a car. The cost of a new car in Honolulu is slightly higher than the national average, but you can find good deals on used cars. Gas prices in Honolulu are also higher than the national average, with the average cost of a gallon of gas being around $3.50.
If you don't want to buy a car, you can use the public transportation system. The bus system in Honolulu is called TheBus and is a cost-effective way to get around the city. A monthly pass costs around $70, and a single fare is $2.75.
Food Costs in Honolulu
Honolulu is a melting pot of different cultures, which means that you can find a wide variety of cuisines here. However, eating out can be expensive. The average cost of a meal in a mid-range restaurant is around $20. If you're looking to save money, you can buy groceries and cook at home. The average cost of groceries for one person is around $300 per month.
Utility Costs in Honolulu
The cost of utilities in Honolulu is slightly higher than the national average. The average monthly cost for electricity, heating, cooling, and water for a 915 square foot apartment is around $200.
Entertainment Costs in Honolulu
Honolulu is known for its beautiful beaches and outdoor activities. Most of the beaches in Honolulu are free to the public, but some do require a parking fee. There are also many hiking trails that are free to use.
If you're looking for indoor entertainment, you can expect to pay around $14 for a movie ticket and around $80 for a concert ticket.
Conclusion
Living in Honolulu can be expensive, but it's worth it for the beautiful weather, stunning scenery, and unique culture. We hope that this guide has given you a comprehensive overview of the costs you can expect when living in Honolulu.
If you're planning on moving to Honolulu, we recommend creating a budget to make sure that you're prepared for the expenses. We also recommend researching different neighborhoods to find the best place to live based on your budget and lifestyle.
Thank you for reading our Ultimate Guide to Living in Honolulu: Cost of Living. We hope that you find this guide helpful.
Living in Honolulu can be a dream come true, but it's important to understand the cost of living before making the move. Subscribe to our YouTube Channel for more content every week on moving to Hawaii.
All information provided is deemed reliable but is not guaranteed and should be independently verified. This website and its affiliates make no representation, warranty or guaranty as to accuracy of any information contained on this website. You should consult your advisors for an independent verification of any properties or legal advice. Each office is independently owned and operated.