In a recent study by SmartAsset, Nanakuli, Oahu was rated the most financially favorable for retirees in Hawaii.
The study analyzed sales, property, income, fuel and Social Security tax data, based on an annual income of $50,000.
While income tax is the same across the state; property, sales and fuel tax played a big factor in the rankings.
Here’s the breakdown based on an annual income of $50,000:
|Rank||City||Income Tax Paid||Property Tax Rate||Sales Tax Paid||Fuel Tax Paid||Social Security Taxed?||Ranking Index|
|1||Nanakuli, HI||$6,035||0.11%||$616||$172||Not Taxed||41.40|
|2||Hawaiian Beaches, HI||$6,035||0.23%||$616||$153||Not Taxed||40.50|
|3||Makaha, HI||$6,035||0.30%||$616||$132||Not Taxed||40.08|
|4||Kahului, HI||$6,035||0.16%||$616||$214||Not Taxed||40.00|
|5||Hawaiian Paradise Park, HI||$6,035||0.25%||$616||$164||Not Taxed||39.98|
|6||Wailea, HI||$6,035||0.24%||$616||$185||Not Taxed||39.76|
|7||Wailuku, HI||$6,035||0.16%||$616||$230||Not Taxed||39.72|
|8||Maili, HI||$6,035||0.27%||$616||$171||Not Taxed||39.63|
|9||Waianae, HI||$6,035||0.19%||$692||$152||Not Taxed||39.45|
|10||Laie, HI||$6,035||0.30%||$692||$97||Not Taxed||39.36|
You can find more details on the study results and methodology, as well as an interactive map via the SmartAsset Website