Economic Indicators

GDP per Capita (PPP)$85,810 (2024)
Inflation Rate3.0% (2024)
Out-of-Pocket Health Spend10.9% (2023)
Education Spend (% GDP)5.4% (2021)
Source: World Bank Open Data

The cost of living in Hawaii is generally considered to be very expensive, with daily budgets ranging from $150-300 USD per day for backpackers to $500-1000 USD per day for those seeking a more comfortable experience.

Quick Facts

Cost LevelVery Expensive
Daily Budget (Backpacker)$150-300 USD
Daily Budget (Mid-Range)$300-600 USD
Daily Budget (Comfort)$600-1200 USD
CurrencyUSD
Tipping Customexpected (15-20%)

How Expensive Is Hawaii?

Hawaii is one of the most expensive places to live in the United States, with a cost of living index that is significantly higher than the national average. The main factors contributing to the high cost of living in Hawaii are the state's remote location, limited land availability, and high demand for housing and services. Compared to other popular tourist destinations in the United States, Hawaii is more expensive than cities like New York or Los Angeles, but on par with other island destinations like Puerto Rico or the US Virgin Islands. Overall, visitors to Hawaii should be prepared for high prices, especially when it comes to accommodation, food, and transportation.

The high cost of living in Hawaii is also driven by the state's unique geography and economy. Hawaii is the most geographically isolated population center in the world, which makes it difficult and expensive to transport goods and services to the islands. Additionally, the state's economy is heavily reliant on tourism, which drives up demand for housing, food, and other services, and contributes to higher prices. Despite the high cost of living, many people find that the unique culture, stunning natural beauty, and high standard of living in Hawaii make it an attractive place to visit or live.

Accommodation Prices

TypePrice Range (USD/night)Notes
Hostel/Budget$30-60shared rooms, basic amenities
Mid-Range Hotel$150-300private rooms, standard amenities
Luxury/Resort$400-1000private rooms, high-end amenities
Apartment Rent (monthly)$1800-4000city center, 1-bedroom apartment

Food & Dining Prices

Meal TypePrice Range (USD)
Street Food / Local Eatery$10-15
Casual Restaurant$20-30
Mid-Range Restaurant (2 people)$50-80
Fine Dining$100-200
Beer (local)$6-10
Coffee$4-6
Water (1.5L bottle)$3-5

Transport Costs

TransportCost (USD)
Local bus/metro ride$2-3
Taxi (per km)$2-5
Domestic flight$100-300
Fuel (per liter)$1-2

Monthly Budget Breakdown

CategoryBudget ($)Mid-Range ($)Comfortable ($)
Rent150025004000
Food5008001200
Transport100200300
Utilities150250350
Entertainment200400600
Total345055508550

Money-Saving Tips

  • Consider visiting during the off-season (April-May or September-November) to take advantage of lower accommodation prices and fewer crowds.
  • Look for affordable accommodation options like hostels, guesthouses, or vacation rentals outside of city centers.
  • Eat at local eateries or food trucks, which often offer more affordable and authentic dining options.
  • Use public transportation or walk/bike whenever possible to save on fuel and parking costs.
  • Take advantage of free or low-cost activities like visiting beaches, hiking, or exploring local markets and cultural events.
  • Consider buying groceries and cooking your own meals instead of eating out for every meal, which can help save on food costs.