The average annual household income in Maui County is $113,040, while the median household income sits at $87,262 per year.
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While it's difficult to determine the exact amount of money needed to live on Maui, a family of four will likely need around $120,000 a year to live comfortably on the island. This figure includes housing costs, food and groceries, transportation, utilities, healthcare, and other expenses.
“Generally, experts suggest that a comfortable living in Hawaii would require an annual income of at least $80,000 to $100,000 for a single person and around $125,000 to $150,000 for a family.”
Oprah Winfrey and Jeff Bezos are among those who have part-time homes on the island. The wildfires that have killed at least 55 in Maui are burning on an island that also contains the part-time homes of billionaires, including Oprah Winfrey, Peter Thiel and Jeff Bezos.
If you make $80,000 a year living in the region of Hawaii, USA, you will be taxed $22,542. That means that your net pay will be $57,458 per year, or $4,788 per month. Your average tax rate is 28.2% and your marginal tax rate is 37.6%.
FPLs are the same in 48 of the 50 states. The two exceptions are Alaska and Hawaii, which have higher Federal Poverty Levels due to the higher cost of living. As an example, in 2023, the annual FPL for an individual in Alaska is $18,210, in Hawaii it is $ $16,770, and in the remainder of the states it is $14,580.