Maui renters need to work 123 hours a week to afford 2-bedroom apartment

Hawaiʻi has the highest “housing wage” in the country, at $36.13 per hour, according to a new national report released today, or over $75,000 per year.

The Hawaiʻi Appleseed Center for Law & Economic Justice outlined details of the “Out of Reach 2018” report, compiled by the National Low Income Housing Coalition. It’s an annual report to document the gap between wages and the cost of rental housing across the United States. Their “housing wage” is an estimate of the hourly wage a full-time worker must earn to pay fair market rent without spending more than 30 percent of his or her income on housing costs.

The average renter in Hawaiʻi earns $16.16 per hour, or $19.98 less than the “housing wage.” That translates into the largest shortfall between the average renter wage and “housing wage” in the nation. In addition, the average renter’s annual income of $33,613 is only 37 percent of the area median income for the state, according to the report.

“This new national report confirms what we all know: Hawaiʻi is facing the worst affordable housing crisis in the country,” said Gavin Thornton, co-director of Hawaiʻi Appleseed. “We applaud our state’s leaders for committing $200 million towards affordable housing. We need to make sure government funding for housing is targeted to those among us who need help the most.”

Meanwhile, Hawaiʻi’s minimum wage is set at $10.10 per hour, with no future increases scheduled.