Metros 2016: Honolulu, HI Situation & Outlook

… examining Honolulu, Hawaii metropolitan area:
• How will the market for single family homes change in the next 5 years?
• How does economic prosperity in this metro compare to others?
• What are the patterns in metro rental income and rental vacancy rates?
• How do patterns vary within the metro by county/neighborhood?
• How are demographic-economic characteristics trending?

We examine these types of topics in this section. Stakeholders can replicate applications reviewed here for this and other metros. Select any metro.

.. this section now continuously updated … see Honolulu Metro Situation & Outlook; see related Hawaii Demographic-Economic Characteristics.

Metropolitan areas include approximately 94 percent of the U.S. population — 85 percent in metropolitan statistical areas (MSAs) and 9 percent in micropolitan statistical areas (MISAs). Of 3,143 counties in the United States, 1,167 are in the 381 MSAs in the U.S. and 641 counties are in the 536 MISAs (1,335 counties are in non-metro areas).

Focus on Honolulu, Hawaii MSA
This section is focused on the Honolulu, Hawaii MSA (formally designated by OMB as “Urban Honolulu, HI”); Core-Based Statistical Area (CBSA) 46520. It is not intended to be a study of the metro but rather illustrate how relevant decision-making information resources can be brought together to examine patterns and change and develop insights. The data, tools and methods can be applied to any metro. – See a more detailed version of this document focused on this metro.

The Honolulu MSA is shown in the graphic below. The single county metropolitan statistical area is shown with bold boundary; counties appear with black boundaries and county name/geographic code labels.

Click graphic for larger view. Map developed using CV XE GIS.

This metro is home to Fortune 1000 companies including Hawaiian Electric Industries, Inc. and Hawaiian Holdings, Inc.

Principal cities (about principal cities)
… click the link to view city profile   Urban Honolulu.

The total population of the Urban Honolulu, HI metro changed from 956,336 in 2010 to 991,788 in 2014, a change of 35,452 (3.71%). Among all 917 metros, this metro was ranked number 54 in 2010 and 54 in 2014, based on total population. Annual net migration was 3,980 (2011), 3,901 (2012), 4,316 (2013), -634 (2014). View annual population estimates and components of change table. See more about population characteristics below.

This metro is projected to have a total population in 2020 of 1,061,105. The projected population change from 2010 to 2020 is 104,769 (11.0%). The population ages 65 years and over is projected to change from 142,858 (2010) to 201,180 (2020), a change of 58,322 (40.8%). See more about population projections.

Based on per capita personal income (PCPI), this metro was ranked number 62 in 2008 and 74 in 2014. among the 917 metros for which personal income was estimated.The PCPI changed from $44,693 in 2008 to $49,722 in 2014, a change of $5,029 (11.3%). Per capita personal income (PCPI) is a comprehensive measure of individual economic well-being. Use the interactive table to compare PCPI in this metro to other metros. See more about PCPI in Economic Characteristics section below.

282 metropolitan statistical areas, of the total 381, experienced an increase in real Gross Domestic Product (GDP) between 2009 and 2014. This metro ranked number 51 among the 381 metros based on 2014 GDP. The GDP (millions of current dollars) changed from $49,506 in 2009 to $59,271 in 2014 a change of $9,765 (19.72%). Real GDP (millions of real, inflation adjusted, dollars) changed from $49,506 in 2009 to $54,089 in 2014, a change of $4,583 (9.26%). GDP is the most comprehensive measure of metro economic activity. GDP is the sum of the GDP originating in all industries in the metro. See more about GDP in Economic Characteristics section below.

Attributes of drill-down, small area geography within the metro … metros account for 65,744 of the national scope 73,056 census tracts (others are in non-metro areas). This metro is comprised of 244 tracts covering the metro wall-to-wall. View, rank, compare demographic-economic attributes of these tracts using the interactive tables. Use the CBSA code 46520; see table usage details below the table.

The following thematic pattern shows a measure of economic prosperity (median household income: MHI) by census tract.

Click graphic for larger view. Map developed using CV XE GIS.
Develop variations of this map view using the Mapping Hawaii Neighborhood Patterns GIS resources.

See Zoom-in view>.

View additional selected details about the metro …
–  Component City Characteristics
–  Attributes of New Authorized Construction updated monthly
–  Component County Characteristics
–  Economic Profile
–  Component School District Characteristics

Join me in a Data Analytics Lab session to discuss more details about this metro, comparing this metro to peer group metros and use of data analytics to develop further detail related to your situation.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

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