Cost of Living in Hilo, HI
Population: 48,223 • 2026 Data
$78,713
Median Household Income
+2% vs national
$1,347
Median Monthly Rent
+0% vs national
$455,100
Median Home Value
+34% vs national
7.1%
Unemployment Rate
Housing in Hilo
The median home value in Hilo, HI is $455,100. Monthly rent for a typical unit averages $1,347, while total monthly housing costs (including utilities and insurance) average $1,210.
Rent-to-income ratio: 20.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Hilo, HI is $78,713. The unemployment rate stands at 7.1%, with a labor force of 23,524 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.