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Personal Income in Hawaii on the Rise

Good developments for Hawaii's economy, and the nation's.
November 30, 2012

Personal Income in Hawaii on the Rise

South Maui Real Estate

By Mark Harbison

According to the U.S. Bureau of Economic Analysis (BEA), the personal income of Hawaii residents rose by 9 percent between 2009 and 2011. This coupled with falling unemployment rates is not surprising, and should be reassuring to those of you considering a move to Maui or are concerned about maintaining a healthy income.

For reference, personal income on a national level grew 5.2 percent in 2011 from 3.8 percent in 2010. Hawaii's personal income for 2011 was $59 billion total, and $54.2 billion in 2009.

Per capita income, which is total income divided by population, helps to paint a clearer statistical picture. That number rose by 6.4 percent in Hawaii to $42,925 last year, up from 40,242 in 2009. Nationally, per capita income in 2011 was $41,560, so we are a little above the average. The lowest was a metropolitan statistical area of Texas with $21,620 and the highest was a MSA in Connecticut at $78,504.

It is wonderful to hear that not only is Hawaii's personal income growing, but so is the rest of the nation's. The holiday season should involve a pretty substantial boost to the retail industry this year, which is always the case, but some years are better than others. Hopefully each year will continue to show improvements compared to the last.

If South Maui real estate is what really interests you, either for investment purposes or to find your dream property, this is the right place to be. You'll find our contact information at the bottom of the page. In the meantime, check back on Fridays for our latest blogs on Maui events, real estate and economic developments. Mahalo!

Blogs for November 2012

Personal Income in Hawaii on the Rise

Posted on November 30, 2012
Personal Income in Hawaii on the Rise

By Mark Harbison

According to the U.S. Bureau of Economic Analysis (BEA), the personal income of Hawaii residents rose by 9 percent between 2009 and 2011. This coupled with falling unemployment rates is not surprising, and should be reassuring to those of you considering a… Continue Reading

Maui Unemployment Rates Low and Dropping

Posted on November 23, 2012
Maui Unemployment Rates Low and Dropping

By Mark Harbison

According to the state Department of Labor & Industrial Relations, Maui's unemployment rate in October was down 2 percentage points from the same month last year to 5.5 percent.

As for the state, the seasonally adjusted jobless rate was also 5.5 percent. That's down from… Continue Reading

Fairmont Kea Lani Makahiki

Posted on November 16, 2012
Fairmont Kea Lani Makahiki

By Mark Harbison

Interested in expanding your knowledge of Hawaiian culture? Located conveniently close to South Maui homes, the Fairmont Kea Lani Hotel will be hosting a Makahiki, which is an ancient Hawaiian tradition that took place in the fall, and included a break from war and work… Continue Reading

Dine Out For Hospice Maui

Posted on November 09, 2012
Dine Out For Hospice Maui

By Mark Harbison

On Tuesday, November 13th, Maui residents and visitors alike will be dining out, and for a long list of restaurants, part of the proceeds will go to Hospice Maui. It's all part of the Dine Out For Hospice Maui event, and there are 29… Continue Reading

Free Native Tree for Your Maui Landscaping

Posted on November 02, 2012
Free Native Tree for Your Maui Landscaping

By Mark Harbison

Looking to add some gorgeous landscaping to your South Maui property? Have you thought of planting native trees that will need little care and grow naturally well in the climate your home is in? Would you like a free native tree? If… Continue Reading

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Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

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