Hawaii s population is 1.4M, with a total workforce of 656K. The labor market grew by 600 jobs over the past year, up by 0.1%. 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 4,534 over the last twelve months, down 2.7% year-over-year. Hawaii has 44 active new home projects on the market, 4.3% fewer than the 46 from last year. The average list price in the market is $864,813, 19.5% higher than last year and 163.3% above the national average. Over the last three months, new home contracts decreased by 33.3% to 292. Honolulu and Ewa Beach had the highest concentration of the new home contracts in the Hawaii market.