Hawai`i The Worst State For Middle Class
HawaiiNewsNow.com
HawaiiNewsNow takes a closer look at the high cost of living and the challenges people face living in paradise.
That's the conclusion of a GoBankingRates.com analysis, which pointed to the state's high cost of living, low homeownership rate and decline in the number of middle class families since 1999.
The median household income for middle-class families in Hawai`i is $74,529.
And the percentage of Hawai`i families that fall into the middle class has declined about 4 percent since 1999, the review said.
Meanwhile, Hawai`i's homeownership rate is 53.7 percent. That's the second-lowest rate in the nation.
The Pew Research Center defines middle-income households as those with an income that is two-thirds to double the US median household income.
