Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
to be fair, hawaii is probably among dead last for many careers. mainland salaries are often higher in most professional fields. Hawaii is well known as lower pay, higher cost of living. I think the article is spot on. The nurses that do good here are the ones with good union jobs. There are nurses or people with nursing degrees here that don't make good money.
the exceptions might be federal govt jobs with cola adjustments or union blue collar jobs.
to be fair, hawaii is probably among dead last for many careers. mainland salaries are often higher in most professional fields. Hawaii is well known as lower pay, higher cost of living.
On the flip side - there are a lot of people making a lot of money in Hawaii. (as well as many not making money).
Over 7% of resident households in Hawaii are millionaires (meaning investible assets and excluding home) and ranks #4 in the US. #5 surprisingly (at least to me) is Alaska.
And since we don't have Wall Street, Silicon Valley, etc - the income gap between the top and bottom is among the lowest in the US. To be in the 1% club in Hawaii, you need to make about $280,000 yearly and the Wealth Gap is highest in Maui where the average income of the top 1% is over $700,000 year.
There are lots of old millionaires in Alaska who made their millions fishing, before over-fishing (some argue its over-regulation, but that's a debate for a different forum). The fact that the state has no taxes helps them hold onto that money. You would also be surprised at home many millionaires move INTO Alaska, at least part time. Claiming residency there gives them a tax haven compared to earning their income in a place like Hawaii or California that would tax the snot out of them.
There are lots of old millionaires in Alaska who made their millions fishing, before over-fishing (some argue its over-regulation, but that's a debate for a different forum). The fact that the state has no taxes helps them hold onto that money. You would also be surprised at home many millionaires move INTO Alaska, at least part time. Claiming residency there gives them a tax haven compared to earning their income in a place like Hawaii or California that would tax the snot out of them.
It was foolish of Alaska to abandon an income tax back in the 80's, and even dumber not to re institute one over the past couple years. But, it seems inevitable, given the sorry condition of the state budget.
Guess those millionaire transplants will have to move on to another tax haven then.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
