According to a recent study from SmartAsset, Hilo ranks number 8 in a list of the state’s 10 tax-friendliest places for retirees in Hawai‘i.
The study from the New York-based financial technology company ranks cities on a Retirement Tax Friendliness Index, which takes into account property, income, fuel, sales and Social Security tax data.
The following cities and town in Hawai‘i lead the state in retirement tax friendliness.
RANK
CITY
INCOME TAX
PROPERTY TAX
SALES TAX
FUEL TAX
SOCIAL SECURITY TAXED?
RETIREMENT TAX FRIENDLINESS INDEX
1
Kahului, Maui
$7,082
.2%
$601
$165
No
43.93
2
Wailuku, Maui
$7,082
.2%
$601
$186
No
43.06
3
Kīhei, Maui
$7,082
.2%
$601
$199
No
42.76
4
Makawao, Maui
$7,082
.2%
$601
$200
No
42.70
5
Lahaina, Maui
$7,082
.2%
$601
$206
No
42.58
6
Kula, Maui
$7,082
.2%
$601
$204
No
42.52
7
Laie, O‘ahu
$7,082
.3%
$676
$95
No
42.37
8
Hilo, Hawai‘i Island
$7,082
.3%
$601
$181
No
42.31
9
Līhuʻe, Kaua‘i
$7,082
0.2%
$601
$198
No
42.25
10
Wai‘anae, O‘ahu
$7,082
0.2%
$676
$142
No
41.95
Find more details on the study results and methodology, and an interactive map online.
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According to a recent study from SmartAsset, Hilo ranks number 8 in a list of the state’s 10 tax-friendliest places for retirees in Hawai‘i.
