Quick facts: Volcano, HI

Quick Facts

148.9
Cost of Living
above US average
608
Population
Crime rate Data is updating, will be available soon
$81,875
Median Income
above US average
$100,000
Median House Price
above US average
$2350.0
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $81,875.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $100,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($81,875) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$101k/year
Based on $2350.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $101k vs median $81,875
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Volcano, HI

Volcano, Hawaii, is a quaint community located on the Big Island, nestled within the lush landscapes of Hawaii Volcanoes National Park. It's renowned for its proximity to Kilauea, one of the world’s most active volcanoes, offering visitors unique geological features, hiking trails, and educational experiences centered around volcanic activity. As a small town, Volcano provides a serene escape from more tourist-heavy areas of the island. The area is characterized by its cool, misty climate, diverse flora, and fauna, including giant ferns and native birds. Accommodations range from cozy cottages to bed-and-breakfasts, providing a relaxed atmosphere surrounded by nature. Local attractions include the Kilauea Visitor Center, where you can learn about the park’s ecosystems and volcanic phenomena, and scenic drives like the Chain of Craters Road, showcasing stunning lava fields and craters. The vibrant local culture reflects a deep connection to the land, offering plenty of opportunities to explore Hawaiian traditions. Overall, Volcano is a gem for nature enthusiasts, adventurers, and those looking to immerse themselves in the natural beauty of Hawaii.

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