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 | Urban Honolulu | Hawaii Avg | US Average |
|---|---|---|---|
| Median Household Income | $86,096 | $98,332 | $78,145 |
| Median Personal Income | $64,883 | $63,498 | $61,726 |
| Average income growth | 4.4% | 4.5% | 5.1% |
| Six-Figure Earners | 14.6% | 14.2% | 13.2% |
The median household income in Urban Honolulu is about 12% lower than in Hawaii. Income has been growing slower in Urban Honolulu (4.4%/yr) than in Hawaii (4.5%/yr).
About 15% of adults in Urban Honolulu earn six figures ($100,000 or more) a year, about the same as the Hawaii average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Urban Honolulu, Hawaii grew by 59.1% from 2009 to 2023, reaching $86,096 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Urban Honolulu | Gender Pay Gap | Gini Coefficient
| Metric | Urban Honolulu | Hawaii Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.538 | 0.535 | 0.570 |
| Male Median Income | $69,692 | $68,848 | $67,746 |
| Female Median Income | $59,330 | $57,717 | $54,793 |
| Gender Pay Gap | 14.9% | 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 Urban Honolulu, it is 0.538, 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 17% more than women's income in Urban Honolulu, Hawaii. Over a 35-year career, a 17% wage gap accumulates to roughly $362,670 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Urban Honolulu, Hawaii has narrowed from about 17% to 15% in 2023. In dollar terms, the gap has widened by $2,953 since 2009.
Employment
| Metric | Urban Honolulu | Hawaii Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.7% | 5.2% |
| Working from Home | 8.9% | 8.8% | 13.4% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 9,107 people are unemployed in Urban Honolulu, Hawaii.
The average commute time in Urban Honolulu is 20 minutes, shorter than the 22 minutes in Hawaii.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Urban Honolulu, Hawaii has risen from 4.7% to 4.8% in 2023.
Conclusion
Considering all these factors, Urban Honolulu, Hawaii has an overall wealth index grade of B, making it about on par with Hawaii, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Urban Honolulu, Hawaii.
How Wealthy Is Urban Honolulu, Hawaii?
Urban Honolulu 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 $86,096, about 12% lower than the Hawaii average of $98,332.
What is the current median household income in Urban Honolulu, Hawaii?
As of 2023, the median household income in Urban Honolulu, Hawaii is $86,096.
What was the median household income in Urban Honolulu in 2023?
In 2023, the median household income in Urban Honolulu, Hawaii was $86,096.
What was the median household income in Urban Honolulu in 2020?
In 2020, the median household income in Urban Honolulu, Hawaii was $72,153.
What is the Gini coefficient in Urban Honolulu, Hawaii?
The Gini coefficient in Urban Honolulu is 0.538. 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 Urban Honolulu, Hawaii?
Since 2009, the income gap between men and women in Urban Honolulu, Hawaii has narrowed from about 17% to 15% in 2023. In dollar terms, the gap has widened by $2,953 since 2009.