Build your monthly budget for Hilo. The calculator is pre-filled with realistic local expenses, including $1,450 average rent, so you can see your savings rate against the 50/30/20 rule.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Hilo has a cost-of-living index of 140 (US average = 100). Housing is usually the largest line item, with average 1-bedroom rent near $1,450/month. The estimates below are pre-filled in the calculator and scaled to local costs.
| Expense Category | Typical Hilo Amount |
|---|---|
| Housing (1-bedroom rent) | $1,450/month |
| Food (single person) | $475/month |
| Transportation | $575/month |
| Utilities & Internet | $180/month |
| Healthcare & Insurance | $320/month |
| Personal & Entertainment | $250/month |
| Recommended Savings | 15%+ of gross income |
| Emergency Fund Target | 3 to 6 months of expenses |
Hilo is the largest community on the Big Island of Hawaii and its commercial and government center, the most affordable of Hawaii's major towns, with an economy built on government, the University of Hawaii at Hilo, agriculture, astronomy atop Mauna Kea, and tourism.
| Local Metric | Hilo (2026 estimate) |
|---|---|
| Metro population | 45,000 |
| County / jurisdiction | Hawaii County |
| Cost of living index (US avg = 100) | 140 |
| MIT living wage, single adult | $22.00/hour |
| MIT living wage, one earner supporting a family of four | $44.50/hour |
| Applicable minimum wage | $16.00/hour |
| Average rent, 1-bedroom | $1,450/month |
| Average rent, 2-bedroom | $1,800/month |
| Median home price | $450,000 |
| Median household income | $65,000/year |
| Combined General Excise Tax (GET) rate | 4.5% |
| Effective property tax rate | 0.3% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
With a cost-of-living index of 140 (US average = 100) and average 1-bedroom rent near $1,450/month, a single adult in Hilo typically needs take-home pay of at least $4,200/month to cover needs and save. The MIT living wage for a single adult is about $22.00/hour.
Split after-tax income into 50% needs (housing, food, utilities, transport, minimum debt), 30% wants, and 20% savings and extra debt payoff. In a high-cost city like Hilo, the needs share often runs above 50%, so protect the 20% savings target.
Average rent in Hilo is about $1,450 for a 1-bedroom and $1,800 for a 2-bedroom. A common guideline keeps rent under 30% of gross income, though that is difficult in higher-cost metros.
Based on the local cost-of-living index, typical monthly expenses in Hilo run around $1,450 housing, $475 food, $575 transportation, and $180 utilities for a single person. The calculator is pre-filled with these estimates.
Aim for three to six months of essential expenses. In Hilo, with monthly needs around $3,000, that is roughly $9,000 to $18,000.