if you want to own a home in Hawaii, financial experts say you shouldn’t use more than 30% of your monthly income. experts also say that since mortgage rates are at record lows, you should buy now. can you afford to buy now? so how much of a minimum yearly salary do you need to afford an average home in Hawaii? average means not too good, and not too bad. so let’s see how much you love Hawaii?
here’s your answer: your yearly salary has to be at least $129,604. that’s 14,645,250 Japanese yen. it’s crazy because my Grandpa bought his first house for $10,000 or 1,130,000 yen. Hawaii happens to be the most expensive state in America to afford a house. and guess what? it’s only going to get more and more expensive. no wonder a lot of locals are moving to Las Vegas…
