Despite a perfect score for its appeal, Honolulu just missed the top 25 on a list of best places to live, according to U.S. News &World Report.
It ranks No. 26 out of 100 cities analyzed by U.S. News in its “2016 Best Places to Live in the United States” report, released today. Honolulu tallied 6.8 points out of a possible 10. The city had a perfect 10 in the category of desirability; job market, 7.5 points; quality of life, 6.3 points; net migration, 6.2 points; and value/affordability, 5.2 points.
The top three honors went to Denver; Austin, Texas; and Fayetteville, Ark. Fayetteville’s strength was affordability.
In contrast, living in “paradise will cost you,” U.S. News said. “In the city itself, many people rent rather than own their own home. … Honolulu is one of the country’s most expensive places to rent. … Honolulu has one of the country’s largest unsheltered homeless populations, which is partially a result of the city’s lack of affordable housing.”
According to the report: Honolulu home prices average $495,000, more than double the national average of $218,867. Average monthly rent is $1,528. And the city’s annual median income is $47,850.
“The Best Places to Live ranking accounts for the most important concerns people have about where to live, such as cost of living, employment opportunities and access to good schools,” said Miriam Weiner, product manager for real estate at U.S. News. “Top-ranked areas not only have steady job markets, but they also have attributes that contribute to a high quality of life: affordability, low crime rates, shorter commute times and quality health care.”
Rankings were determined in part through a survey of thousands of people across the U.S. Also factored in were data from the U.S. Census Bureau, FBI and Bureau of Labor statistics, and U.S. News rankings of high schools and hospitals.
U.S. News notes, “Honolulu has some of the worst traffic in the country,” with narrow roads, limited space and an increasing number of vehicles.
The report says 79 percent of the city’s commuters drive while 8 percent use public transportation. The average commute time is 27.6 minutes — about two minutes longer than the national average, according to the report.
Millennials are leaving Honolulu, seeking jobs elsewhere, due to the high cost of living and lack of national corporations headquartered here, U.S. News said.
On the plus side, the report notes Honolulu has
“a laid-back island vibe,
diverse blend of cultures and ethnicities, and (a) palm-lined business district that’s just a short walk from the sea.”