Honolulu: Eleven Professions with no Money Left
From RentCafe, June 20, 2018
Want to have more money left at the end of the year? No need to change your career path, switching cities might just do the trick—and we got you covered. We’ve crunched data from the Bureau of Labor Statistics and MIT and found the best and worst metros to live in according to each profession.
Here are the main highlights of our study, focused on Honolulu:
Urban Honolulu is the worst metro in the country for people working in two particular fields as they are left with the least money after paying for basic expenses compared to all of the other metros. We are talking about those in Business and Financial Operations jobs, who are left with $21,600 after covering living expenses, as well as those in Education, Training and Library, left with $10,200.
Looking only at Urban Honolulu metro, people working in Management are left with the most money at the end of the year ($41,100) and rank as the highest paid in the area. At the other end of the financial spectrum, people working in 11 different fields are left with little or no money at the end of the year. What’s more, in some fields like Personal Care & Service and Food Preparation & Serving, Hawaii residents are left with debts ranging from $8,000 to $9,000.
Waiters and manicurists in Honolulu are unable to afford the basic living expenses. The Top 10 Worst Metros are mainly spread across Florida, California and Hawaii. In both Deltona, FL and Urban Honolulu, people working in 11 different fields are left with little or no money at the end of the year. What’s more, in some fields like Personal Care & Service and Food Preparation & Serving, Hawaii residents are left with debts ranging from $8,000 to $9,000. A possible explanation for this gloomy looking picture is that Honolulu is a very expensive place to live in, with low salaries and high cost of living.
For more data on the other metros and professions, check out our interactive visuals and the full study here: "best-metros-for-your-profession."
HNN: Here's how much Honolulu workers have left after covering basic expenses
- Health care support: $1,700 in debt
- Production: $900 in debt
- Building and grounds cleaning: $800 in debt
- Transportation and material moving: $700 extra
- Office and administrative support: $2,300 extra
- Protective service: $2,300 extra
- Arts, design, entertainment, sports and media: $7,500
- Education, training and library: $10,200
- Community and social service: $11,100
- Installation, maintenance and repair: $14,600
- Business and financial operations: $21,600
- Life, physical and social science: $23,500
- Legal: $28,500
- Computer and mathematical: $31,600
- Architecture and engineering: $35,400
- Management: $41,100