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Friday, December 2, 2022
Hilo Housing Cost Half of Statewide Median
By Selected News Articles @ 10:01 PM :: 1759 Views :: Hawaii County , Hawaii Statistics
State Hawaii
Poorest city Hilo
Median household income ($) 65,727
Median household income in state ($) 83,173
Median home value ($) 341,500
Median home value in state ($) 636,400

 

This Is the Poorest City in Hawaii

by Samuel Stebbins, 24/7 Wall St. via The Center Square, Nov 30, 2022

The consumer price index has climbed steadily nearly every month for the last two and a half years, hitting a multi-decade high of 9.1% in June 2022. Though inflation has since cooled, dropping to 7.7% in October, the CPI remains at historic highs, and Americans across the country are feeling the pinch - particularly those without the means to absorb rising costs. (The price of this household item is soaring.)

The typical American household earns $64,994 annually, according to five-year estimates from the U.S. Census Bureau's 2020 American Community Survey. But in nearly every state, there are cities where most households are earning far less than that.

Among the 10 places in Hawaii with available data and populations of at least 25,000, Hilo ranks as the poorest. The typical Hilo household earns $65,727 a year, compared to the statewide median household income of $83,173.

Home values are often a reflection of what people can afford. And in Hilo, the typical home is worth $341,500 - compared to the typical home in Hawaii, which is worth $636,400.

For the purposes of this story, all places covered by the U.S. Census Bureau with populations of at least 25,000 were considered cities. All data in this story is from the ACS.

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