A Bloomberg analysis has found that Honolulu ranks fourth among American cities that lost the most residents between July 2013 and July 2014.

University of California Los Angeles professor Michael Stoll hypothesizes that rising home prices are pushing out local residents, the article says.

Nora Yolles-Young and her husband Scott Young with their two kids, Sam and Makena in Honolulu on September 18, 2014

Scott Young, Nora Yolles-Young and their two children weeks before they moved out of the “ohana unit” where they lived in Honolulu.

PF Bentley/Civil Beat

That’s definitely a factor in Honolulu, where the median price of a home was $700,000 last month.

The high cost of housing hurts families like the Youngs, who moved to Houston last year after feeling like they were “hemorrhaging money.”

To learn more about the high cost of housing, read Civil Beat’s series on the cost of living. For readers’ perspective on how the cost of living affects their lives, check out Connections.

How much do you value our journalism?

Civil Beat focuses exclusively on the kind of journalism most at risk of disappearing – in-depth, investigative and enterprise coverage of important local issues. While producing this type of journalism isn’t cheap, you won’t find our content hidden behind a paywall. We also never worry about upsetting advertisers – because we don’t allow any. As a nonprofit newsroom, we rely on donations from readers like you to help keep our stories free and accessible to everyone. If you value our journalism, show us with your support.

 

About the Author