Hawaii s population is 1.4M, with a total workforce of 659K. The labor market lost 1,300 jobs over the past year, down by 0.2%. The median household income in Hawaii is $82,670, 3.8% higher than last year and 30.9% above the national average of $63,179.
In the housing market, total permits issued totaled 4,420 over the last twelve months, up 9.0% year-over-year. Hawaii has 36 active new home projects on the market, 26.5% fewer than the 49 from last year. The average list price in the market is $818,288, 25.7% higher than last year and 154.6% above the national average. Over the last three months, new home contracts decreased by 27.8% to 643. Honolulu and Ewa Beach had the highest concentration of the new home contracts in the Hawaii market.