Is it realistic to retire in Hawaii?

Many retirees dream of retiring in Hawaii. The temperate climate and relaxing atmosphere of the islands may be the lifestyle reset retirees are seeking after decades of hard work. While retiring in Hawaii is generally quite expensive, for some retirees the move offers the opportunity to save money.



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One of the greatest challenges of living in Hawaii is the high cost of living. The islands are popular tourist destinations, which drives up the cost of housing, food, and other essential goods and services.

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Kaua?i now holds the #2 spot, followed by Maui, and then by O?ahu.
  • 1 - Big Island.
  • 2 - Kaua?i.
  • 4 - Oahu. (Source) In other words, if you plan to retire in Hawai?i, you'll find an increasing number of Hawai?i residents in your age group to mingle with—especially on the Big Island.


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What's the most affordable Hawaiian island to live on? The Big Island. With Hawaii's lowest average cost of living (according to MIT's Living Wage project), lowest fair market rents, and lowest typical yearly expenses, the Big Island can be the most economical island in Hawaii.

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Hawaii is moderately tax-friendly toward retirees. Social Security income is not taxed. Withdrawals from retirement accounts are fully taxed. Wages are taxed at normal rates, and your marginal state tax rate is 7.20%.

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The state's population decline coincided with the worst months of the COVID-19 pandemic, when Hawaii experienced high unemployment and escalating inflation and housing costs, forcing many residents to move away for jobs and more affordable living on the mainland.

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Hawaii has a high cost of living. Pro: The mild climate makes Hawaii a year-round destination. Con: It can feel isolating living on an island if you don't embrace it. Pro: Moving to Hawaii is an adventure, and you'll be the envy of everyone you know if you take the dive and do it.

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It's the Most Expensive Place To Live in the US This means your retirement dollars won't stretch nearly as far as living in a low-cost-of-living area. And if you're following the 4% rule of retirement (living on 4% of your retirement savings), you would need to have at least $3.1 million invested to retire in Hawaii.

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Let's take a look at the five safest neighborhoods and what makes them good places to live for you and your family.
  1. Kahala. One of Oahu's most prestigious neighborhoods is Kahala. ...
  2. Mililani. ...
  3. Hawaii Kai. ...
  4. Kailua. ...
  5. Manoa.


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Among the Hawaiian Islands, Molokai is known as the Friendly Isle, and those who live there would consider it the best island to live on by far. With many longtime families and few visitors living on remote Molokai, it is one of the most secluded Hawaiian Islands.

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