Hawaii s population is 1.4M, with a total workforce of 663K. The labor market grew by 6,900 jobs over the past year, up by 1.1%. The median household income in Hawaii is $82,602, 2.4% higher than last year and 30.7% above the national average of $63,179.
In the housing market, total permits issued totaled 4,572 over the last twelve months, down 3.2% year-over-year. Hawaii has 46 active new home projects on the market, unchanged from the 46 from last year. The average list price in the market is $702,241, 4.7% lower than last year and 134.5% above the national average. Over the last three months, new home contracts decreased by 15.3% to 311. Ewa Beach and Honolulu had the highest concentration of the new home contracts in the Hawaii market.