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But when planning yourretirement, making Hawaii your final destination comes with caveats.
Is Hawaii Within My Retirement Budget?
Its pretty much a given that Hawaii is one of the most expensive places to live in the US.
The median home price in Hawaii is $856,644, up 2.5% from last year.
According to Zillow, the median home price in the US is $360,681.
Youll also pay more for groceries and electricitythan other states.
What City Suits My Needs and Wants Better?
Its essential to know where you want to live in Hawaii before you make plans to relocate.
Besides Honolulu, great places to retire include Hilo, Pearl City, Kahului, and Kailua.
Am I Prepared For Natural Disasters?
Although rare, you may also have to deal with evacuations due to volcanic activity.
Do I Have a Genuine Understanding of Hawaiian Culture and Social Issues?
Will I Need Another Source of Income?
Besides being expensive,making moneyor a steady income in Hawaii as a retiree isnt easy.
Budgeting will only go so far if you constantly stretch your dollar tomake ends meet.
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