Here’s how much it actually costs for a family of 4 to live in Honolulu

Honolulu, HAWAII — We all know the cost of living in Honolulu is high. Really high.

But a new analysis from 24/7 Wall Street crunched the numbers to figure out just how much a family of four has to bring in to be able to afford a “modest yet adequate standard of living” in Urban Honolulu.

The answer: $9,632 a month.

That’s $115,584 a year ― and the third-highest of any city in the nation, the analysis found.

It’s also significantly lower than the monthly median family income in Honolulu ― $7,975.

Meanwhile, researchers calculated that it costs a single adult $4,296 a month to afford a modest standard of living in Honolulu, or $51,552 a year.

The most expensive city in the country was San Francisco, where a family of four needs to bring in $11,165 a month (or $133,980 a year) to afford a modest lifestyle.

In the no. 2 spot: San Jose.

Read more at Hawaii News Now