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Tuesday, July 16, 2013

CNBC: Hawaii has best quality of life, most expensive cost of living

CNBC: Hawaii has best quality of life, most expensive cost of living

Last week, CNBC labeled Hawaii the worst place to do business in the nation.

And then yesterday, CNBC released another report that says Hawaii has the highest cost of living in the United States. 

You might have to click around a bit to discover that CNBC also labeled Hawaii No. 1 for quality of life, stating “Hawaii’s top-ranked quality of life for a second straight year makes it easy to forget about the state’s overall ranking,” which is No. 50.

Hawaii topped the quality of life list for its environment and attractions, offering something for everyone except maybe those who prefer polar climates. Also, “Hawaii is a healthy state, with low instances of cancer and heart disease and few residents without health insurance.”

That’s the good.

The state’s cost of living hits the other end of the spectrum, unless being No. 1 for cost of living is considered a victory. The factors CNBC took into account include the price of an average home ($742,166); a half gallon of milk ($3.41); a pound of ground beef ($3.99); the monthly energy bill ($333.51); and a doctor visit ($101.80).

And according to last week’s report, Hawaii has the worst business climate in the nation for several factors, including the cost of doing business, the local economy and lack of infrastructure. Aside from taking the top spot for cost of living and coming in 39th for access to capital, Hawaii consistently ranked in the bottom in all categories.

At least we’re happy and healthy.


Posted on Tuesday, July 16, 2013 in Permalink

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Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.

Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.

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