Cost of Living in Hilo, HI
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Hilo is $1,646, while home prices circle around $760,010.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Hilo, energy bills cost around $508.54 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $7.48 in Hilo, a dozen eggs go for around $12.27 and a pound of potatoes circles around $6.91.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Hilo, an optometry check-up costs around $171.07, while a dentist appointment is priced $139.02 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $5.13 in Hilo, while getting your tires balanced will run you about $93.76.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $46.98 here. Meanwhile, a pair of women's slacks will set you back around $39.40.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Hilo, you should budget around $11.68 a month. When it comes to personal services, a haircut usually goes for $17.99, while dry cleaning costs about $27.60.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Hilo, the median household income is $78,713.