Wealth Index
Wealthiest county in Hawaii
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 | Honolulu County | Hawaii Avg | US Average |
|---|---|---|---|
| Median Household Income | $104,221 | $98,332 | $78,145 |
| Median Personal Income | $65,460 | $63,498 | $61,726 |
| Average income growth | 4.3% | 4.5% | 5.1% |
| Six-Figure Earners | 15.5% | 14.2% | 13.2% |
The median household income in Honolulu County is about 6% higher than in Hawaii. Income has been growing slower in Honolulu County (4.3%/yr) than in Hawaii (4.5%/yr).
About 16% of adults in Honolulu County 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 Honolulu County, Hawaii grew by 55.1% from 2009 to 2023, reaching $104,221 in 2023. That's an average of about 4.3% per year.
Economic Inequality in Honolulu County | Gender Pay Gap | Gini Coefficient
| Metric | Honolulu County | Hawaii Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.535 | 0.570 |
| Male Median Income | $70,669 | $68,848 | $67,746 |
| Female Median Income | $59,725 | $57,717 | $54,793 |
| Gender Pay Gap | 15.5% | 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 Honolulu County, it is 0.536, about the same as Hawaii's 0.535, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 18% more than women's income in Honolulu County, Hawaii. Over a 35-year career, a 18% wage gap accumulates to roughly $383,040 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Honolulu County, Hawaii has narrowed from about 20% to 15% in 2023. In dollar terms, the gap has widened by $1,515 since 2009.
Employment
| Metric | Honolulu County | Hawaii Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.7% | 5.2% |
| Working from Home | 8.4% | 8.8% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 23,326 people are unemployed in Honolulu County, Hawaii.
The average commute time in Honolulu County is 23 minutes, longer than the 22 minutes in Hawaii.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Honolulu County, Hawaii has fallen from 5.1% to 4.4% in 2023.
Conclusion
Considering all these factors, Honolulu County, Hawaii has an overall wealth index grade of B, making it somewhat better than Hawaii, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Honolulu County, Hawaii.
How Rich Is Honolulu County, Hawaii?
Honolulu County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $104,221, about 6% higher than the Hawaii average of $98,332.
What is the current median household income in Honolulu County, Hawaii?
As of 2023, the median household income in Honolulu County, Hawaii is $104,221.
What was the median household income in Honolulu County in 2023?
In 2023, the median household income in Honolulu County, Hawaii was $104,221.
What was the median household income in Honolulu County in 2020?
In 2020, the median household income in Honolulu County, Hawaii was $88,542.
What is the Gini coefficient in Honolulu County, Hawaii?
The Gini coefficient in Honolulu County is 0.536. 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 Honolulu County, Hawaii?
Since 2009, the income gap between men and women in Honolulu County, Hawaii has narrowed from about 20% to 15% in 2023. In dollar terms, the gap has widened by $1,515 since 2009.