Full Answer
How much does the average person make in Maui?
The average annual household income in Maui County is $105,669, while the median household income sits at $83,547 per year. Residents aged 25 to 44 earn $85,949, while those between 45 and 64 years old have a median wage of $92,446.
How many people live in Maui County Hawaii?
There are 157,032 residents in Maui County, with a median age of 41.3. Of this, 49.8% are males and 50.2% are females. US-born citizens make up 79.31% of the resident pool in Maui County, while non-US-born citizens account for 12.27%. Additionally, 8.42% of the population is represented by non-citizens.
What is the average hourly wage in Hawaii?
The average hourly wage (pay per hour) in Hawaii is 45 USD. This means that the average person in Hawaii earns approximately 45 USD for every worked hour. Hourly Wage = Annual Salary ÷ (52 x 5 x 8) The hourly wage is the salary paid in one worked hour.
Why is Hawaii's economy heavily dependent on the US economy?
That is the reason that Hawaii economy is heavily dependent on the greater U.S. economy and on the Japanese economy. The federal government especially military is the Hawaii's other significant economic industry. This sector hold around 33,000 civilian jobs and around 55,000 military jobs. Hawaii is a desirable but expensive place to live.
How much do you need to make to live in Maui?
Typical Expenses1 ADULT2 ADULTS (BOTH WORKING)0 Children2 ChildrenRequired annual income after taxes$35,429$87,887Annual taxes$9,906$25,078Required annual income before taxes$45,334$112,9657 more rows
Is it expensive to live on Maui?
#2: Yes, the Cost of Living in Maui Is High The cost of living in Hawaii is high, the highest in the U.S., according to the Missouri Economic Research and Information Center. If you're moving from a large city like Los Angeles or New York, you might not see a huge difference.
What is the area median income for Maui?
TablePopulationMean travel time to work (minutes), workers age 16 years+, 2016-202021.7Income & PovertyMedian household income (in 2020 dollars), 2016-2020$84,363Per capita income in past 12 months (in 2020 dollars), 2016-2020$36,87254 more rows
Is there poverty in Maui?
One in 10 Maui County residents lives below the poverty line, which is lower than the national poverty rate of 12.3 percent for 2017, according to data released Thursday by the U.S. Census Bureau.
Can you live in Hawaii on $2000 a month?
A one-bedroom apartment or home can range from about $1500 to more than $2000 per month and a two-bedroom apartment or a house will start at $1,800 per month. Looking at a luxurious, new one-bedroom condo?
How much money do you need to retire in Maui?
Someone in Hawaii looking to retire at age 35, for example, would need $3.26 million stashed away. A 45-year-old in Hawaii eyeing an immediate retirement would need to have $3.49 million in the bank. In other words, we hope you love your job.
What is considered low income in Maui?
A single person earning up to $54,700 is considered low-income in the Kahului-Wailuku-Lahaina area of Maui, while a person making up to $50,400 on Kauai County is considered low-income. For Hawaii County, the low-income limit for a single person is set at $44,000.
How much does it cost to move to Maui?
Step 2: Do the MathFlights$2,000Rent and Security Deposit$3,000Car$2,000Food and Incidentals$1,000Total Cost of Moving to Maui$10,0001 more row•Feb 12, 2018
How many full time residents are in Maui?
Maui County Facts | Maui Information | Maui Statistics Visitors: More than 2.4 million a year (second largest among the Hawaiian Islands); the "de facto" population (number of visitors and residents at any one time) is approximately 135,000.
Why are Hawaiians so poor?
Jonathan Osorio, dean of the Hawaiʻinuiākea School of Hawaiian Knowledge at UH, says poverty in the Native Hawaiian community goes back to the 1893 overthrow over the Hawaiian Kingdom that imposed a territorial government backed by sugar plantation owners and resulted in the loss of Hawaiian lands.
What ethnicity is Maui?
Māui (Maui) is the great culture hero and trickster in Polynesian mythology. Very rarely was Māui actually worshipped, being less of a deity and more of a folk hero.
What percent of people in Hawaii are on welfare?
6 percentAbout 6 percent of Hawaii's households receive welfare, slightly above the national average.
What is the population of Maui County?
There are 157,032 residents in Maui County, with a median age of 41.3. Of this, 49.8% are males and 50.2% are females. US-born citizens make up 79.31% of the resident pool in Maui County, while non-US-born citizens account for 12.27%.
What are the employment statistics in Maui County?
White-collar workers make up 80.86% of the working population in Maui County, while blue-collar employees account for 19.14%. There are also 11,831 entrepreneurs in Maui County (14.58% of the workforce); 52,835 workers employed in private companies (65.1%); and 11,355 people working in governmental institutions (13.99%).
How many households are there in Maui County?
There are a total of 51,100 households in Maui County, each made up of around 3 members. Family establishments represent 70.63% of these Maui County households, while non-family units account for the remaining 29.37%. Additionally, 32.22% of households have children and 67.78% of households are without children.
What are the median and average incomes in Maui County?
The average annual household income in Maui County is $105,669, while the median household income sits at $83,547 per year. Residents aged 25 to 44 earn $85,949, while those between 45 and 64 years old have a median wage of $92,446. In contrast, people younger than 25 and those older than 65 earn less, at $53,998 and $67,778, respectively.
How many homeowners and renters are there in Maui County?
There are 67,955 housing units in Maui County, and the median year in which these properties were built is 1985.
What are the most common means of transportation in Maui County?
The top three means of transportation people in Maui County use to get to work are: car, bus or trolley bus and walking. A total of 69,373 residents commute by car, 1,842 prefer going to work by bus or trolley bus and 1,816 by walking.
What is hourly wage?
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What happens if your salary is higher than the median?
If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated.
What is annual salary increase?
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
