Moving houses include a seemingly unending list of expenses. Relocating to Hawaii, the most expensive state in the US, won’t be cheap. But if your dream is to live a life surrounded by good scenery and beaches, then the cost might be worth it.
If you are trying to plan out your budget to move to the paradise city, here are some factors to consider.
If you are planning to buy a house, keep in mind that the median house pricing in Honolulu is around $600,000. A good house in a nice area can easily cost you more or less $1 million.
Meanwhile, you can rent a three-bedroom house for around $10,000 to $40,000 per month, excluding the down payment. If you are moving in alone, you could make do with a shared room or private apartment for around $800 to $1,200 per month. On the other hand, luxury condos in the capital cost around $3,000. Moving in with your family might cost you an average of $4,500 monthly for a decent apartment.
Most cities in Hawaii are packed with people. To avoid traffic, locals prefer walking or taking a bus, with a fare of around $3 per ticket. Meanwhile, a cab fare costs $40 on average, and car rentals are in the $1,100 to $1,600 price range.
Do keep in mind that Hawaii has limited car rentals. If your commute to work is longer, or if you are moving into bigger cities, it will be wiser to invest in a car.
The shipping cost depends on how much you plan to take with you and how you want to ship it. Air shipping would cost around $11,000 to $12,000 to move items for a one-bedroom flat.
Meanwhile, sea freight shipping costs range from $5,000 to $15,000 on average. You can also consider getting a 20-foot or 40-foot shipping container. A 20-foot container costs $9,000 to $10,000 on average, while a 40-foot container costs around $17,000 to $19,000.
If you are on a tight budget, consider whether shipping your belongings or purchasing new items in Hawaii would be more cost-efficient for you.
Car shipping costs depend on which port you drop it off and pick it up from. But on average, from the UK to Honolulu is around $11,000 to $17,000. If you plan to take your car with you on your move, you have several budget-friendly options on how to ship your car to Hawaii.
Cost of Living
The general cost of living is high in paradise city. For example, living comfortably in Honolulu costs around $122,000 a year. Utilities such as electricity, gas, water, internet, and mobile phone expenses average $400 per month. Monthly food expenses and groceries are also around that price range.
Moving to Hawaii is a big commitment, especially for your wallet. But the culture and scenery might be more than worth it.