A salary of $84,000 annually is considered high for top earners in Hawaii, reflecting a significant income that places individuals among the highest earners in the state.
Understanding High Salaries in Hawaii
In Hawaii, what constitutes a "high salary" can be contextualized by examining various income percentiles. While the average salary provides a general benchmark, looking at the top percentiles offers a clearer picture of high-income brackets.
Here's a breakdown of salaries in Hawaii by percentile:
Category | Annual Salary | Monthly Pay |
---|---|---|
Top Earners | $84,000 | $7,000 |
75th Percentile | $66,877 | $5,573 |
Average | $52,828 | $4,402 |
25th Percentile | $38,780 | $3,231 |
As shown, those earning $84,000 per year are categorized as "Top Earners," indicating this threshold represents a high salary in the region. Even incomes at the 75th percentile, around $66,877 annually, are well above the state's average salary, suggesting a comfortable living standard.
Factors Influencing High Salaries
Several factors contribute to what is considered a high salary in Hawaii:
- Cost of Living: Hawaii has one of the highest costs of living in the United States, particularly for housing. This naturally pushes salary expectations higher to maintain a comparable quality of life.
- Specialized Industries: Industries like tourism, defense, healthcare, and technology often offer higher-paying roles, especially for specialized skills or managerial positions.
- Experience and Education: As with any job market, advanced degrees, extensive experience, and niche expertise can command significantly higher salaries.
While $84,000 is a benchmark for top earners, individual circumstances, industry, and specific job roles can influence what is perceived as a high income. For more detailed salary insights across various professions in the state, you can refer to resources like ZipRecruiter's Hawaii salary guide.