HONOLULU (HawaiiNewsNow) – More Hawaiian residents are leaving the islands for the mainland, and experts predict the situation will only get worse due to the economic fallout from COVID-19.
In the past year alone, more than 8,600 people left the islands, according to the US Census Bureau.
One of those who packed and left was a familiar face on TV.
Kanoe Gibson now lives in Las Vegas and says her move was a family investment.
“This is a really great opportunity. We can take our kids to see new things, expand their minds and horizons, and still be able to call this home, ”Gibson said.
More than 50,000 former Hawaiians live on the so-called “Ninth Island”. Many moved for a better life and better jobs.
Listen to Gibson’s interview on HNN’s “Muthaship” podcast:
“The biggest one was state income tax,” Gibson said.
“If you look at a salary of $ 47,000 in Vegas, for example, it equates to a salary of $ 90,000, so almost double your salary.”
The former presenter of the lifestyle show “HINow” and her husband did a lot of research before making their decision, including comparing the housing market.
The average price for a single family home in Oahu is $ 1 million, while the average price for a condominium in Oahu is a record high at $ 467,500. In addition, there is the competition that 10% of the buyers on Oahu are not residents of Hawaii.
However, when Gibson and her husband went to Las Vegas, they found that it can be just as competitive in certain neighborhoods. Right now, Nevada is seeing an influx of new residents and more cash buyers buying homes.
“There are people from California flocking to both here and Vegas and people from New York flocking to Vegas!” She said. “The housing market is crazy. When we started looking at the houses, we made an offer and we were outbid by $ 100,000 to the cash buyer who asked. “
Compared to Hawaii’s 4%, Las Vegas sales tax is 6.85% higher, excluding the district taxes.
“Where that is mitigated, there is no sales tax on food, on food. So not only do you cut your grocery bill in half, but you don’t pay sales tax on your grocery bill, ”Gibson said.
Aside from the savings, the life experiences outside of Hawaii are also valuable, Gibson said.
“My son is watching videos of snowboarding and kayaking and we can go road trips here and there,” Gibson said. “I wanted to offer them that. I wanted to give them this opportunity and if it doesn’t work, we’ll come back. “
Gibson will also be in touch with the Hawaiian viewers. For “HINow” she will regularly produce articles about life in Las Vegas.
Hear more conversations with Kanoe Gibson on our Muthaship podcast on Apple Podcasts, Spotify, Sound Cloud, Google Play, our website, or wherever you download podcasts.
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