Jobs & Economy in Hilo
Detailed jobs & economy data — sourced from authoritative datasets and normalized for direct comparison.
Jobs & Economy in Hilo, Hawaii
Hilo's economy is diverse, with key sectors including educational services, healthcare and social assistance, and retail trade. In 2024, employment in Hilo saw a growth rate of 4.88%. The University of Hawaiʻi at Hilo is a significant employer and contributes to the city's educational services sector. The healthcare industry is a strong and growing sector, with Hilo Benioff Medical Center being a major employer and the healthcare and social assistance sector projected for significant statewide growth of 11.2% between 2024 and 2034. Tourism and hospitality also play a crucial role, with the Merrie Monarch Festival injecting millions into the local economy annually. While the labor market has faced challenges like shortages, particularly in restaurants and retail, there's an increasing trend of micro-business startups and online businesses, indicating a growing entrepreneurial spirit. Statewide, Hawaii's economic growth rate is projected to remain steady at around 2.0% through 2027, driven by construction, real estate, and the continued recovery of tourism.
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About Hilo, Hawaii
Hilo, the county seat of Hawaiʻi County, is the largest settlement on the Big Island of Hawaii. Nestled on the island's eastern, windward side, it is renowned for its lush rainforests and frequent tropical showers, which contribute to its vibrant green landscape year-round. Hilo offers a unique blend of natural beauty, cultural richness, and a relaxed, small-town atmosphere, making it an attractive destination for those seeking a slower pace of life amidst stunning scenery. The city serves as a hub for education, healthcare, and commerce for the eastern side of the island, with institutions like the University of Hawaiʻi at Hilo contributing to its dynamic community. Hilo's history is deeply rooted in its past as a thriving sugar plantation town, which brought diverse populations from Asia, shaping its multicultural character. Today, it continues to evolve, balancing its historical charm with modern developments and a growing emphasis on sustainability and local industries.
About Hawaii
Hawaii is characterized by its unique island geography, diverse cultural heritage, and a pervasive "Aloha Spirit" emphasizing love, compassion, and community. The economy is heavily reliant on tourism, which is the largest industry, contributing significantly to the state's gross product. Other major industries include military defense, diversified agriculture, and emerging sectors like healthcare, technology, and renewable energy. Living in Hawaii is notably expensive, with a cost of living index nearly double the national average, primarily driven by high housing, utility, and grocery costs due to its isolated location and dependence on imports. The climate is tropical with year-round warm temperatures, consistent trade winds, and distinct wet and dry seasons, though local variations can range from humid tropical to alpine. The lifestyle is generally laid-back and deeply connected to outdoor activities and nature, with residents enjoying a high life expectancy.