Salary Needed to Live in Honolulu as a Retiree
A retired individual (65+) needs approximately $37,941/year to live comfortably in Honolulu, HI — including 5% savings.
Comfortable Salary
$37,941
with 5% savings
Bare Minimum
$35,342
no savings buffer
Monthly Expenses
$2,150
78% above national avg
Detailed Monthly Budget for a Retiree in Honolulu
| Expense | Honolulu | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $272 | $121 | +125% |
| 🛒 Groceries | $29 | $16 | +81% |
| ⚡ Utilities | $25 | $15 | +67% |
| 🚗 Transportation | $33 | $18 | +83% |
| 🛡️ Car Insurance | $248 | $215 | +15% |
| 🏥 Health Insurance | $65 | $54 | +20% |
| Medicare Supplement | $384 | $200 | +92% |
| Prescription Drugs | $288 | $150 | +92% |
| Internet + Phone | $230 | $120 | +92% |
| Recreation & Social | $384 | $200 | +92% |
| Home Maintenance | $192 | $100 | +92% |
| Total Monthly | $2,150 | $1,209 | +78% |
How We Calculated the Salary
Monthly expenses:$2,150
Target savings (5%):$121/mo
Monthly after-tax needed:$2,271
Effective tax rate:27%
Gross annual salary needed:$37,941
Other Household Types in Honolulu
Related Pages
FAQ
What salary does a retiree need in Honolulu?
A retiree needs approximately $37,941/year ($3,162/month gross) to live comfortably in Honolulu with a 5% savings rate.
How much is rent for a retiree in Honolulu?
A 1-2br senior-friendly in Honolulu costs approximately $272/month, which is the largest single expense at 13% of the total budget.
Is Honolulu affordable for a retiree?
Honolulu is above the national average for retiree living costs, requiring 78% more salary than the US median.