This Is How Much You Need to Make Per Hour to Rent a Two-Bedroom in Hawai‘i

Or, why so many of your friends are moving to Oregon.


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Hourly wage

 

The National Low Income Housing Coalition recently released a report that analyzed the hourly income necessary for a person to afford to rent a two-bedroom home. They used a common guideline: that a person should spend no more than 30 percent of his or her income on rent. And once again, Hawai‘i won in the very worst way.

 

The national average hourly income one needs to rent a two-bedroom home is $21.21. But in Hawai‘i, the state with the highest income required, that hourly wage is $35.20. And that includes the assumption that a person is working full time, 40 hours a week.

 

Right behind us is California, to no one’s surprise, at $30.92. Had enough of the price of paradise? In Kentucky, you’d only need to earn $13.95 an hour. Looking to keep a coastal vibe? Oregon has beaches, surf, hiking and parks, and you only need an hourly wage of $19.78 to make it there.

 

Read the complete report here.

 

Live Wellthy

 

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Beautiful beaches, year-round summer weather and that iconic aloha spirit are just a few reasons why we’re lucky we live Hawai‘i. It’s no secret that Hawai‘i is one of the healthiest, happiest states in the nation—or that it’s also one of the most expensive. When you pay to stay in paradise, the high cost of living can often be a challenge. The key to living well while living Hawai‘i boils down to one thing: taking charge of your finances. And it’s easier than you think.

 

HONOLULU Magazine is proud to partner with First Hawaiian Bank for Live Wellthy, your new money-savvy guide to living smarter, happier, and healthier. Here, we’ll cover the most essential topics—money-saving tips, travel hacks, investing and spending wisely, planning for retirement and more—to help you navigate your finances, plan for the future and make your money work for you.

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