STUDY: Kahului Among Most Tax-Friendly Retirement Spots in Hawaiʻi

September 28, 2015, 1:58 PM HST · Updated October 1, 8:09 AM
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SmartAsset Tax Friendly map.

SmartAsset Tax Friendly map.

Kahului is one of the most tax-friendly places for retirees in Hawaiʻi, according to a recent study from SmartAsset, a New York-based financial technology company.

The study ranks cities on a Retirement Tax Friendliness Index, which takes into account local property taxes, and whether or not Social Security income is taxed in that area.

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Table below shows which cities led Hawaiʻi in retirement tax friendliness.

RankCityIncome Tax PaidProperty Tax PaidSocial Security Taxed?Retirement Tax Friendliness Index
1Waianae, HI$7,292$642No55.90
2Hilo, HI$7,292$679No55.82
3Kahului, HI$7,292$731No55.71
4Kihei, HI$7,292$798No55.58
5Makawao, HI$7,292$833No55.51
6Wailuku, HI$7,292$841No55.49
7Pukalani, HI$7,292$843No55.49
8Lihue, HI$7,292$1,032No55.10
9Lahaina, HI$7,292$1,041No55.08
10Kapaa, HI$7,292$1,064No55.04

Hawaiʻi was ranked among the states that were classified as “Moderately Tax Friendly,” in the SmartAsset survey.

States that earned the highest marks for being “Very Tax Friendly” were: Alaska; Florida; Georgia; Mississippi; Nevada; South Dakota and Wyoming.

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