Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | East Honolulu | Hawaii Avg | US Average |
|---|---|---|---|
| Median Household Income | $156,707 | $98,332 | $78,145 |
| Median Personal Income | $97,204 | $63,498 | $61,726 |
| Average income growth | 4.5% | 4.5% | 5.1% |
| Six-Figure Earners | 28.0% | 14.2% | 13.2% |
The median household income in East Honolulu is about 59% higher than in Hawaii. Income has been growing faster in East Honolulu (4.5%/yr) than in Hawaii (4.5%/yr).
About 28% of adults in East Honolulu earn six figures ($100,000 or more) a year, higher than the Hawaii average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in East Honolulu, Hawaii grew by 53.7% from 2009 to 2023, reaching $156,707 in 2023. That's an average of about 4.5% per year.
Economic Inequality in East Honolulu | Gender Pay Gap | Gini Coefficient
| Metric | East Honolulu | Hawaii Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.508 | 0.535 | 0.570 |
| Male Median Income | $110,669 | $68,848 | $67,746 |
| Female Median Income | $83,103 | $57,717 | $54,793 |
| Gender Pay Gap | 24.9% | 16.2% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In East Honolulu, it is 0.508, lower than Hawaii's 0.535, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 33% more than women's income in East Honolulu, Hawaii. Over a 35-year career, a 33% wage gap accumulates to roughly $964,810 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in East Honolulu, Hawaii has narrowed from about 33% to 25% in 2023. In dollar terms, the gap has widened by $3,605 since 2009.
Employment
| Metric | East Honolulu | Hawaii Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.7% | 5.2% |
| Working from Home | 16.5% | 8.8% | 13.4% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 1,136 people are unemployed in East Honolulu, Hawaii.
The average commute time in East Honolulu is 30 minutes, longer than the 22 minutes in Hawaii.
Unemployment Rate Over Time
Since 2011, the unemployment rate in East Honolulu, Hawaii has risen from 2.4% to 4.4% in 2023.
Conclusion
Considering all these factors, East Honolulu, Hawaii has an overall wealth index grade of A+, making it notably better than Hawaii, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in East Honolulu, Hawaii.
How Wealthy Is East Honolulu, Hawaii?
East Honolulu has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $156,707, about 59% higher than the Hawaii average of $98,332.
What is the current median household income in East Honolulu, Hawaii?
As of 2023, the median household income in East Honolulu, Hawaii is $156,707.
What was the median household income in East Honolulu in 2023?
In 2023, the median household income in East Honolulu, Hawaii was $156,707.
What was the median household income in East Honolulu in 2020?
In 2020, the median household income in East Honolulu, Hawaii was $136,683.
What is the Gini coefficient in East Honolulu, Hawaii?
The Gini coefficient in East Honolulu is 0.508. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in East Honolulu, Hawaii?
Since 2009, the income gap between men and women in East Honolulu, Hawaii has narrowed from about 33% to 25% in 2023. In dollar terms, the gap has widened by $3,605 since 2009.