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I have read many posts talking about the financial/other difficulties that people experience when they move to Hawaii. However, a lot of these posts have been written by people in their early/mid-20's or those working in less-lucrative professions.
Therefore, I was wondering...
What is the experience for those of you who make >100K/year... about your move to Hawaii (good or bad)?
Many companies have downsized or consolidated operations back to the mainland. Unless they need to have people on Hawaii, they used excess capacity in Ca to handle the work. Some have moved many support work to the mainland but kept some managers, directors or executives on Hawaii. Others have slashed their top employees but kept the support staff. It depends on what the company needs. There is a sizable number of unemployed people in management but there is also a lot of opportunityif your not locked into a particular field. Like everywhere, its hit or miss. there can be fifty jobs for executives today but once filled it may be months before another one comes along. Someone can come to Hawaii and land a 100,000+ job that week, but if they start looking a week or two later, nothing.
I have read many posts talking about the financial/other difficulties that people experience when they move to Hawaii. However, a lot of these posts have been written by people in their early/mid-20's or those working in less-lucrative professions.
Therefore, I was wondering...
What is the experience for those of you who make >100K/year... about your move to Hawaii (good or bad)?
Location: Big Island- Hawaii, AK, WA where the whales are!
1,490 posts, read 4,182,780 times
Reputation: 796
Are you talking about someone that has 100K a year as disposal or working on the isalnds. Bg difference. I am not sure now interested the average age of posters on this forum. I would quess the majority posters are over 40 years. the people asking if they can live in a tent on the beach would be 20's. Interesting to find out. Van you set up surveys???
I think you would be surprised at the age and wealth of the majority of the posters here. But when you ask these questions and throw out these numbers, besides sounding like you are bragging, you aren't giving anymore detail.
Like what island?
What are your quality of living expectations?
How much debt do you have?
How much disposable income do you want to have?
Are you sickly? Do you take expensive prescription medicines?
I know I'm not in Hawaii but I have traveled to HI as well the world over and Hawaii is a resort community to most people. And in that end it will all depend on what you want and what your expectations are because you can get it here.
If you want an ocean front condo, you are going to pay for it. If you want a BMW you are going to pay for it. Overall, from your postings, your financial resources are clearly present, it will really all depend on how you manage them.
vicious, on maui there really isn't a lot of jobs that get that kind of salary. executives on island unless they own the company do not bring in that kind of money. a regular high paying job may be in the 75 to 80 range. my guess would be anyone that works that makes that kind of money would be about an 1/8th of the population. other people with that kind of income are more than likely retired. just IMO I could be wrong
Are you talking about someone that has 100K a year as disposal or working on the isalnds. Bg difference. I am not sure now interested the average age of posters on this forum. I would quess the majority posters are over 40 years. the people asking if they can live in a tent on the beach would be 20's. Interesting to find out. Van you set up surveys???
Let me try my hand at it and see what I can do....
Let me take a stab, since I'm a mid-level executive making over $100k, but just 3 years ago I was blue collar on the Mainland:
Like what island?
Kaua'i
What are your quality of living expectations?
3/2 house, couple computers, a TV, standard living room furniture, solar hot water, hang dry clothes, washing machine, outdoor full-size freezer, inside standup fridge/freezer.
How much debt do you have?
When I came here after being in college for 4 years back in early 2007, I had $25k in student debt, no car debt or credit card debt, but I had been living comfortably in Oklahoma City on about $30k/yr. I now make about $105k, but I've got $20k in credit card debt and $10k in student debt now due to the increased cost of living.
Example: 2006 OKC: 3BR/1BA $600mo rent, $100mo utils. Cable/internet: $50mo. Food: $300mo. Clothes (lots of thrift stores around with new clothes): $50mo. Gas/Insurance: $125mo Other household supplies (petfood, soap, etc): $100mo
2010 Kaua'i: 3BR/2BA $1500mo rent, $250mo utils (elec and propane), no A/C or dryer, solar hot water. Internet: $40mo. Food:$1200-1500mo. Clothes: $150mo. Gas/insurance: $350mo. Other household supplies: $250mo
How much disposable income do you want to have?
$1k/month would be nice, but need at least $500.
Are you sickly? Do you take expensive prescription medicines?
No, although there are an additional $200-300 in medical costs per year here due to the fact that healthcare is taxed and insurance won't pay for it, whereas in the mainland it's not taxed.
Location: Was in Western New York but now in Hilo Hawaii
1,234 posts, read 4,589,858 times
Reputation: 454
Aloha,
To which Island ? it was Kauai he was quoting.
And to Manhattan YES it will cost you as much to live on Kauai. How often do you eat out a week ? How often does your wife hang her clothes out to dry? What is your wife's monthly budget for clothes shopping?
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