Quick facts: Pahala, HI

Quick Facts

148.9
Cost of Living
above US average
1,897
Population
7.91
Crime Rate per 1000
below US average
$59,432
Median Income
below US average
$309,000
Median House Price
above US average
$1700.0
Average Rent
above US average
10%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $59,432.

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Income Needed to Buy

βœ— Stretch
$97k/year
Based on $309,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $97k vs median $59,432
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Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1700.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $59,432
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pahala, HI

Pahala is a small, rural community located on the Big Island of Hawaii, in the county of Hawaii. Situated at an elevation of about 1,600 feet on the slopes of Mauna Loa, Pahala offers a unique blend of lush landscapes and a tranquil, small-town atmosphere. The area is primarily known for its agricultural roots, particularly sugarcane farming, which has historically been the backbone of its economy. Surrounded by rich vegetation and various fruits like macadamia nuts and coffee, Pahala also serves as a gateway to the scenic beauty of Hawaii Volcanoes National Park, located just a short drive away. The park features stunning volcanic landscapes, hiking trails, and opportunities for wildlife viewing. Pahala retains a close-knit community vibe, with local shops, eateries, and cultural events reflecting Hawaiian traditions. Visitors can experience the local culture while enjoying the area's beautiful natural scenery, making it a peaceful retreat for those looking to escape the hustle and bustle of urban life. The coastline is not far, offering access to lovely beaches and ocean activities.

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