Hawaii s population is 1.4M, with a total workforce of 658K. The labor market grew by 1,200 jobs over the past year, up by 0.2%. The median household income in Hawaii is $82,602, 2.4% higher than last year and 34.6% above the national average of $61,372.
In the housing market, total permits issued totaled 4,691 over the last twelve months, up 2.9% year-over-year. Hawaii has 49 active new home projects on the market, 6.5% more than the 46 from last year. The average list price in the market is $718,773, 9.5% lower than last year and 131.6% above the national average. Over the last three months, new home contracts increased by 28.5% to 614. Honolulu and Ewa Beach had the highest concentration of the new home contracts in the Hawaii market.