Moving to Honolulu, HI

Thinking about moving to Honolulu?

Congratulations: you’re moving to paradise. Lush tropical forests, scenic mountains, incredible beaches, and all kinds of unbeatable outdoor recreation are awaiting you. Of course you’ve heard about the traffic, crowds, and high cost of living, and sure, Honolulu is not without some problems, but other places have those problems too, and those other places aren’t on a tropical island chain in the Pacific.

And there might be other perks you’re less familiar with — for instance, Honolulu’s economy has been growing strong for the past few years. Just know that you won’t be the only person moving to the island city: between 2010 and 2016, more than 14,536 people have moved to Honolulu, an increase of 4.3%.

Where Are All the New Residents of Honolulu Moving From?

Living in Honolulu probably sounds like living in paradise to a lot of people. Apparently, people who already live in Hawaii are a little skeptical of that idea, though. First a little background. The population…

Population of Honolulu

Honolulu is home to 351,792 Honolulans. With an area of 60.5 square miles, Honolulu has a population density of 5,815 persons per square mile, which makes it more dense than many other cities of comparable size.

The Urban Honolulu, HI Metropolitan Statistical Area boasts a population of 992,605 people, of which Honolulu proper’s population makes up 35%.

Honolulu Housing Market

Honolulu’s growth and desirability come at a major cost: housing is pricey. The median home value in Honolulu is $672,000, 235% above the US median value, according to Zillow. The median price per square foot in Honolulu is $605. Over the past 5 years, home values in Honolulu have increased by 6%.

Renters in Honolulu will also have a hard time finding affordable housing. The median rent in Honolulu is $2,404 per month, which is 68% higher than the US median. Over the past year, rental rates in Honolulu have decreased by 1.8%.

Economy in Honolulu

Honolulu’s economy is growing strong. The Honolulu metro area’s GDP grew by 17% between 2010 and 2015, from $52 billion in 2010 to $61 billion in 2015, a total increase of $9 billion. The metro area has a per capita GDP of $61,527. According to the US Census Bureau, the median household income in Honolulu, HI is $74,460, 14% higher than the national median. Honolulu’s unemployment rate is 3.1%.

Honolulu Weather

If hot weather isn’t your thing, you might want to think twice before moving to Honolulu. Honolulu winters are warm, with an average temperature of 74 degrees. Summers in Honolulu are hot, with an average temperature of 82 degrees. The average temperature in Spring is 78 degrees and the average temperature in Fall is 78 degrees.

Don’t worry too much about packing your umbrella. Honolulu only sees 89 rainy days per year on average and has an average annual rainfall of 17.1 inches. Honolulu is relatively humid, with an average annual relative humidity of 70. And don’t foget to bring your sunglasses and tanning lotion! Honolulu gets an average of 3,252 sunny hours per year and 271 sunny days, more than much of the rest of the country.

Honolulu Crime Rate is Low

Honolulu is a safe city, with a violent crime rate of only 244 incidents per 100,000 persons according to the FBI, a lower rate than average. Property crime rates in Honolulu are relatively low, with a rate of 3,111 incidents per 100,000 persons, a lower rate than average.

Traffic in Honolulu

Ask anyone who lives in what the city’s biggest problems are and traffic will almost certainly be one of them. According to a survey conducted by INRIX, the average commuter in spends 60.8 hours in traffic each year, with about % of their time commuting in a traffic jam, a higher portion than average among US cities.

Cost of Living in Honolulu

Honolulu is an expensive place to live with a high cost of living. According to the Bureau of Economic Analysis‘s Regional Price Parity survey, which takes into account cost of living metrics including the price of goods and services and housing, Honolulu has a regional price parity of 135.7, 23.9% above the average for US metro areas.

Honolulu Education

Honolulu is a well-educated city, with 19% of the population possessing a Bachelor’s degree or higher. Only 9% of the population does not have a High School diploma, while 10% of the population has a Graduate or Professional degree.

Honolulu Demographics

The median age in Honolulu is 37.4 years. 50.3% of the population in the Honolulu metro area is male, while 49.7% is female. 19.6% of the metro population is foreign born.

Plan Your Move to Honolulu With SpareFoot

Planning a move to Honolulu? SpareFoot can help. Use SpareFoot to find special deals and discounts on Honolulu Moving Truck Rentals. If you need a storage unit as part of your move, SpareFoot makes it easy to find storage units in Honolulu too.