Hawaii—Need $75K Income to Afford 2br Apartment
From NLIHC, June, 2018
In Hawaii, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,879. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $6,263 monthly or $75,158 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: $36.13 PER HOUR STATE HOUSING WAGE
(On Oahu the ‘housing wage’ is $39.06 -- In Hawaii County it is $25.42, thanks to the subdivisions shifting the supply demand equation.)
NLIHC: Hawaii Statistics
NLIHC: How Much do you Need to Earn to Afford a Modest Apartment in Your State?
CB: Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental
HNN: The average Hawaii renter earns half what's needed to afford a modest 2-bedroom