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Home»Finance»The cost of living in Hawaii and where locals spend their money.

The cost of living in Hawaii and where locals spend their money.

March 31, 2025

Hawaii is the most oil-dependent state in the United States. About 80% of the island’s electricity comes from “black gold.” Of course, it is all imported.

For comparison, here are the data for the country as a whole: only 3% of the US’s electricity needs are met with oil. In general, oil dependence is a common thing for islands. Fiji and Puerto Rico, for example, suffer from a similar affliction.

Local authorities really want the situation to change and hope that they will be able to expand the use of renewable energy sources. Supporters say that the energy transition will help reduce the financial burden on local residents. But for now it is too expensive.

Although in the case of Hawaii, it is not entirely clear whether the transition to renewable energy sources will benefit it or not. The cost of living in Hawaii is quite high, and the transition to full energy supply with renewable sources can make this life even more expensive due to local characteristics.

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