Originally Posted by chuck1234
I want to move to Hawaii from New York.
Hawaii is really my childhood dream.
Is it very expensive to live there?
How much it will cost me to buy a house?
http://hicentral.com/
http://www.alternative-hawaii.com/overpop.htm
http://swz.salary.com/CostOfLivingWi...etail_250.html
That last site is particulary interesting, especially if you compare your salary and COL where you are presently living to salaries and the COL of Hawaii.
Studies have shown that the average stay of a single professional (in ANY profession) is eighteen months. IME, it's true. The hospitals here should have revolving doors. In they come, full of woohooo-we-love-Hawaii-and-we-will-be-here-forever stuff and about two years later, out they go, dissing Hawaii bigtime. It just didn't work out, wasn't what they thought it would be, wasn't the "Paradise" they had dreamed of.
Yes, it is expensive to live here. You can rationalize the expenses for a while and then it often becomes too much of a trade-off for many. Especially if you have kids, want to buy a house, and end up working 24/7 just to keep your head above water.
We've been here seven years and we bought our home shortly after we arrived, before prices went through the roof. Our kids are grown and our pension plans were in place before we moved here.
Is it do-able to move to Hawaii and survive? Of course it is. But prepared to pay more for less. If you really want to be here you'll make it, after you adjust your expectations a bit.
And be aware that you might be romanticizing Hawaii beyond common sense. Do plenty of research and be realistic.
Commonly stated advice to newcomers cautions them to leave enough money in an account for a plane ticket back to the mainland.
Where in NY do you live now?