Cost of Living: Honolulu vs New York (2026)
Honolulu has a 1% lower overall cost of living than New York as of Q1 2026. A one-bedroom apartment runs $3,200/mo in Honolulu vs $3,500/mo in New York — a 9% difference. New York has a lower state income tax rate (6.9% vs 11%), which adds up over time.
- Honolulu is 1% cheaper overall (COL index: 186 vs 187)
- 1BR rent: $3,200/mo in Honolulu vs $3,500/mo — 9% savings
- Higher median household income: Honolulu ($82,000/yr vs $78,000/yr)
- Median home price: $750,000 in New York vs $750,000 — 0% difference
| Category | Honolulu Hawaii | New York New York |
|---|---|---|
| 🏠 HousingQ1 2026 | ||
| Studio rent/mo | $2,500Best | $2,800 |
| 1BR rent/mo | $3,200Best | $3,500 |
| 2BR rent/mo | $4,500Best | $4,800 |
| Median home price | $750KBest | $750K |
| 🛒 Food & GroceriesQ1 2026 | ||
| Groceries index (100 = US avg) | 120 | 115Best |
| Budget meal (1 person) | $18Best | $20 |
| Mid-range dinner (2) | $78Best | $85 |
| 🚌 TransportationQ1 2026 | ||
| Monthly transit pass/mo | $70Best | $132 |
| Gas price/gal | $4.80 | $3.20Best |
| Car insurance/mo | $195Best | $285 |
| ⚡ UtilitiesQ1 2026 | ||
| Monthly utilities bundle/mo | $185 | $180Best |
| Internet/mo | $75Best | $75 |
| 💰 Income & TaxesQ1 2026 | ||
| Median household income/yr | $82KBest | $78K |
| State income tax% | 11.0% | 6.9%Best |
| Sales tax (combined)% | 4.7%Best | 8.5% |
| 🎬 LeisureQ1 2026 | ||
| Movie ticket | $18.00Best | $18.00 |
| Gym membership/mo | $65Best | $80 |
| Beer at restaurant | $8.50Best | $9.00 |
| 📊 OverviewQ1 2026 | ||
| Overall COL index (100 = US avg) | 186Best | 187 |
| Walk score / 100 | 66 | 88Best |
Frequently asked questions
Is Honolulu cheaper than New York?
Yes. Honolulu is 1% cheaper than New York based on overall cost of living indices (186 vs 187, where 100 = US average).
What is the average rent in Honolulu vs New York?
As of Q1 2026, the median 1-bedroom rent in Honolulu is $3,200/month and in New York is $3,500/month. Honolulu is cheaper by 9%.
How much do I need to earn in New York to match a $75,000 salary in Honolulu?
To maintain a similar lifestyle, you would need approximately $75,403/year in New York to match a $75,000 salary in Honolulu. This estimate is based on overall cost of living indices and does not account for individual spending patterns.
Which city has lower taxes — Honolulu or New York?
New York has the lower state income tax rate at 6.9% vs 11%. The difference is 4.1 percentage points. Note that sales tax and local taxes also vary — see the full breakdown in the table above.
Is it worth moving from Honolulu to New York?
It depends on your priorities. Honolulu offers lower overall costs, but both cities have different job markets, weather, and lifestyle trade-offs. Use the comparison table above to evaluate rent, groceries, transportation, and income potential side by side based on your specific budget.
Data sourced from Zillow, BLS, Numbeo, Tax Foundation, and US Census ACS · Updated Q1 2026 · For general guidance only
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