Is it worth buying in Hawaii?

1 - Hawaii Real Estate has been the one of the safest investments in America. Even after the financial collapse of 2007 and 2008, home prices in Hawaii only dropped slightly. Since 2008, prices have risen steadily every year.



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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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The Cost of Living is High The cost of living in Hawaii is high. That goes for housing costs, but it also applies to the food on grocery store shelves. Everything that has to be shipped or flown to the islands will cost more. Hawaii is also a high-tax state.

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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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To live comfortably in Hawaii, an annual income of around $70,000 to $100,000 for a single person, or $120,000 to $200,000 for a family is recommended. Is it expensive to live in Hawaii? Yes, Hawaii is known for its high cost of living due to factors such as housing, groceries, utilities, and transportation.

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It's so expensive to live in Hawaii that the U.S. Department of Housing and Urban Development considers a family of four in Hawaii making under $93,000 a year to be “low income.” At the other end of the spectrum, $100 in Mississippi is worth $115.74, or 15% more than their incomes suggest.

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Average Home Prices: The average median home price in Hawaii is $679,600, down by 9.07% YoY. In 2023, experts predict the median sale price growth to drop by roughly 4%, the first annual drop since 2012. Currently, the sale-to-list price ratio is at 98.1%, with a decline of 2.8 pt YoY as of April 2023.

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Many, like the Purdys, have headed to Las Vegas. According to 2021 population estimates from the U.S. Census Bureau, the biggest growth of Native Hawaiian and other Pacific Islander populations was in Clark County, Nevada, which includes Las Vegas, and Sacramento County, California.

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The chill vibe of Hawaii attracts people from all over the world. Newcomers to the Hawaiian islands also get a taste of what we call island time. This also goes hand in hand with “no worries.” Island time also refers to the slower paced,laid back, lifestyle of living in Hawaii. Looking to rent or buy a home?

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21 Honest Pros and Cons of Living in Hawaii—from a Resident
  • Con: You May Never Own a Home. ...
  • Pro: It's Easy to Embrace Condo Living. ...
  • Pro: Lots of People Go Off the Grid. ...
  • Con: But It's a Significant Up-Front Investment. ...
  • Con: You May Never Feel Like You Truly “Belong” ...
  • Pro: You'll Discover an Incredible Culture Here in Hawaii.


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Everything Is A Little Slower In Hawaii Get used to walking, talking, and living a little slower. Forget about same- or next-day Amazon deliveries. The slow pace is an attitude as well; there's no room in Hawaii for your rushed impatience. So, sit back, relax, learn to take it slow, and enjoy living in Hawaii.

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