Urban Honolulu, HI vs Kahului-Wailuku-Lahaina, HI
A 2-bedroom in Kahului-Wailuku-Lahaina costs $18 less per month than Urban Honolulu ($2,624 vs $2,642). Median income is $104,264 in Urban Honolulu and $95,049 in Kahului-Wailuku-Lahaina. That's a difference of $216 per year in housing costs.
Side-by-Side Comparison
| Metric | Urban Honolulu | Kahului-Wailuku-Lahaina |
|---|---|---|
| Studio FMR | $1,877 | $1,896 |
| 1BR FMR | $2,016 | $2,000 |
| 2BR FMR | $2,642 | $2,624 |
| 3BR FMR | $3,674 | $3,398 |
| 4BR FMR | $4,432 | $4,236 |
| Median Income | $104,264 | $95,049 |
| Rent Burden | 30.4% | 33.1% |
| Actual Median Rent | $2,054 | $1,863 |
| Median Home Value | $873,000 | $858,600 |
| Population | 1.0M | 165K |
| Renter % | 40.5% | 35% |
| Vacancy Rate | 9.5% | 23.3% |
| Poverty Rate | 9.1% | 9.8% |
| YoY Change | +17.3% | +22.7% |
| Min Wage | $14.00/hr | $14.00/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Kahului-Wailuku-Lahaina, HI is more affordable with a 2BR FMR of $2,624/mo, which is $18 less than Urban Honolulu at $2,642/mo. However, when considering local incomes, Urban Honolulu has a rent burden of 30.4% vs 33.1% in Kahului-Wailuku-Lahaina.
A 2-bedroom in Urban Honolulu, HI costs $2,642/mo at Fair Market Rent, while in Kahului-Wailuku-Lahaina, HI it's $2,624/mo, a difference of $18/mo or $216/year.
To afford a 2BR without spending more than 30% of income on rent: Urban Honolulu requires $105,680/year ($51/hr). Kahului-Wailuku-Lahaina requires $104,960/year ($50/hr).