This week’s positive and negative factors for retiring in Hawai’i both concern housing. If you’re retiring and plan on buying a house, in spite of extremely high prices there is some good news; if you need specialized housing, the news is not so good.
PRO: Houses in Hawai’i are an extremely costly proposition these days. However, Hawaii property taxes are still fairly low (we are frankly amazed by how low they are in Hawaii compared to other states), and senior homeowners receive additional exemptions on their taxes. Back when we were considering buying, because our ages our annual property taxes would have only been around $150! Currently, all Hawaiian homeowners receive a $160,000 tax exemption on their home but seniors 60 and over receive the following exemptions.
- $180,000 for ages 60 to 79.
- $200,000 for age 80 and above
Every little bit helps!
CON: Inexpensive elderly housing and assisted living can be difficult to find in Hawaii, especially if you need it sooner rather than later. Housing for seniors, government subsidized or otherwise, exists on most of the islands and as might be expected, most of it is in Honolulu. However, space in these places is limited, they can be costly, and it can take years to gain a spot in a government-subsidized housing facility. We know of three retirement/senior living facilities on Kauai, although there may be more. One is a full-scale retirement and assisted living center in Lihue. It is fairly new and is also very expensive. Another housing option for low-income retirees is the old Lihue theater, which has been remodeled and turned into subsidized one-bedroom apartments for seniors, a very clever way to save and utilize a historic building. There are income limits to qualify for one of these apartments, and our income is too high. Another senior housing complex exists in Kalaheo, near where we live, but we again have too high an income to qualify. I’ve recently seen openings advertised on Craigslist – when we lived here before I never once saw an ad – the only notice I ever saw was an announcement on the theater marquis.
In Hawaii, it’s very common for extended family to live together and manage care for elderly family members, possibly with help from the community. Continuing home health care is a frequently used option for seniors here, and Kapuna Care (kapuna = grandparent, ancestor, or honored elderly), funded by the State of Hawaii, allows seniors to stay in their homes and provides assistance with daily living activities. Other private companies and services exist as well to help elders remain in their homes or with family.
While not the only reason, current housing costs play a major role in our decision not to remain in Hawaii, as does the lack of options on Kaua’i for senior care, which may be needed in the future.