If you are considering relocating to Oahu, Hawaii or you are Relocating to Hawaii with the Military then you need to consider quite a few things. With the military your BAH covers housing expenses and your commissary priveleges allow you to buy food with only a smaller percentage higher than the mainland.
What about civilians who are relocating to our Hawaiian islands? Consider this: The main reason that everything costs a little more here than on the mainland is that just about everything is transported to Hawaii....from food to lumber for building to just about everything needed to sustain the majority of necessities as well as luxury items. Shipping costs, fuel and oil costs all have risen drastically therefore pushing up our prices even further.
- 90% if our food is imported so automatically presume that our cost of food is at least 30-50% higher than the mainland. We drink a lot of milk and it's not too bad at 2 gallons for $7.50. My favorite places to shop for food are Costco and Sam's Club.
- Rental Housing Market: Central Oahu: 2 bd/ 1 ba / 2 parking can run anywhere from $1200 to $2000 per month. A condo in Downtown Honolulu can run from $1500 to $3000 for a two bedroom. A significant increase in the last four years due to the increase in real property for sale.
- Real Estate Market: Again, depending on the neighborhood the single family median sales price for a 3 bdrm/2 ba home is around $625,000. A 2/2/2 townhouse are still selling for $300,000 to $325,000. Condos 2/1/2 run between $225,000 to $255,000.
- Utilities: My electric bill is about $125.00 to $140.00 per month for my small one bedroom. Of course I have the A/C on energy saver for the dog during the day when my house is locked up. Otherwise, others in my neighborhood (who don't use their A/C) probably utilize about $50 to $75.00 worth of electricity. I have a gas water heater so that runs about $30.00 per month.
- Gasoline: Currently at $3.35 per gallon at Costco.
Ahhhh. But where else can you live in a paradise with tropical island weather year round and our breathtaking scenery of the ocean, the mountains, the valleys, the flora and fauna. These are the reasons for my remaining in this land I call home....and the reasons that many flock here for their relocation.
Weigh out all your options in your Hawaii Relocation because no matter what, Hawaii is like no other place in the world. We thrive and strive from our strength of diversity and our wide range of international and ethnic cultures and food.
* Keep in mind that the outer islands such as Maui, Kauai, Hawaii (the Big Island), Lanai and Molokai are even higher in costs because again....the shipping and transporting costs.
It's not easy moving across the Pacific Ocean let alone to a totally different "world" of people but you can do it with effort, motivation and a great Realtor®!
Call me for a Relocation Packet and more info!
Celeste "Sally" Cheeseman, Realtor Associate ®
Century 21 Liberty Homes, Mililani, HI * (808) 375-1404