As the cradle of American history and a hotbed for innovation, Boston offers renters with a wide range of incomes a lifestyle teeming with opportunities and experiences. From ample job opportunities in technology, healthcare and finance to a lively culture that embraces the arts and sports, there’s something for everyone. Fortunately, the average salary in Boston is also above the national average, providing a financial counterbalance for those looking to dive into all that this vibrant city has to offer.
Yet, it’s essential to consider that the cost of living in Boston is higher than in many other U.S. cities, particularly when it comes to rent and utilities. We’ll dive into both aspects of Boston living below to examine how much the average salary feels like when bills and entertainment costs are accounted for.
Overall average salary in Boston: $80,507
Average salary in Boston as an hourly rate: $38.71
Boston job market at a glance
Boston’s job market is rife with opportunities across a multitude of industries. Often referred to as the “hub of innovation,” the city is home to a burgeoning tech scene that rivals Silicon Valley, particularly in biotech, cybersecurity and software development.
It’s not just tech companies that are hiring, though. Boston’s status as a world-class city for education, boasting institutions like Harvard and MIT, has created a ripple effect of opportunities in academia, research and educational technology. Finance and consulting are also well-represented, with many major firms settling down in the city.
But it’s not all white-collar jobs and six-figure salaries. Boston’s thriving tourism industry provides a host of opportunities in hospitality, from hotel management to culinary arts.
The city’s extensive healthcare network, with renowned facilities like Massachusetts General Hospital and Brigham and Women’s Hospital, offers a range of jobs from clinical to administrative. Construction and skilled trades are also in demand, as Boston’s growth shows no signs of slowing down. Retail and service jobs abound, especially in tourist-heavy areas like Faneuil Hall Marketplace or the historic North End.
In essence, whether you’re a recent graduate, a seasoned professional or someone looking for a career change, Boston’s job market is likely to have something that aligns with your skills and aspirations while netting you the average salary in Boston or above.
Renting in Boston
The rental market in Boston reflects an increasingly costly environment for tenants, with average rents ranging between $3,421 for a studio apartment to $5,330 for a two-bedroom. While studios and two-bedroom apartments have both seen an annual rent increase of 7%, one-bedroom apartments have had a more moderate increase of 2%, averaging $4,002.
Notable areas like Kenmore and Back Bay have seen astronomical rent increases of 40% and 59% respectively, for studio apartments. Conversely, the Seaport District experienced a 4% decrease in average rent for studio apartments, suggesting that not all areas in Boston are subject to the same upward pressure on rent.
When compared to nearby cities, Boston’s rents are generally higher. For example, the average studio rent in Cambridge is $2,910, a decrease of 5% compared to the previous year, while in more affordable areas like Roxbury and Manchester, the average rents for a studio are $1,900 and $1,627 respectively.
Among the most affordable neighborhoods in Boston for a one-bedroom apartment are Brook Farm, Forest Hills – Woodbourne and Jeffries Point, where average rents range from $1,950 to $2,200. In stark contrast, the most expensive neighborhoods include Kenmore, Fenway and Audubon Circle – Longwood, where one-bedroom apartments go for an average of around $4,779 to $4,843.
The Boston rental market thus reveals a significant range in pricing, depending on location and apartment size, with a predominant trend towards high rental costs. This could be a deterrent for lower-income families and individuals, effectively creating economic barriers to living in many areas of the city if you make below the average salary.
That said, if you’re raking in an average salary in Boston, while homeownership may not be on the table, you’ll have a deep pool of apartments within your price range to choose from.
Transportation
Navigating Boston is a breeze thanks to the city’s robust public transit system, affectionately known as the “T.” Managed by the Massachusetts Bay Transportation Authority (MBTA), the T includes subway lines, buses and even scenic ferry routes across Boston Harbor. Major subway lines connect key hubs, while buses serve the city’s nooks and crannies. The standard fare for a subway ride is $2.40 with a CharlieCard, and bus rides start at $1.70. Monthly passes are available for frequent commuters.
While the T is a staple for many, having a car in Boston comes with its challenges, including congested roads and expensive parking. The city’s historic layout makes for narrow streets that aren’t always car-friendly. Parking costs can add up quickly, with rates in downtown garages often exceeding $30 a day. Many residents opt for resident parking permits but even then, finding a street spot can feel like hitting the jackpot.
In summary, the T offers a cost-effective and generally safe way to traverse the city, while owning a car demands a higher financial and logistical commitment.
Food
From the narrow alleys of the North End, teeming with Italian eateries, to the modern fusion restaurants of the Seaport District, Boston’s food scene is a culinary expedition waiting to happen. The city’s storied history has given rise to iconic eats like Boston Cream Pie and the iconic bowl of clam chowder, but don’t let tradition fool you. Boston is no slouch when it comes to trendy gastronomy; think vegan bakeries, gourmet food halls and artisanal coffee shops that dot the landscape from Fenway to Southie.
But that’s not all. Bostonians also have a soft spot for casual fare. The city boasts an impressive selection of food trucks serving everything from Korean barbecue to vegan tacos and more. The local bar scene contributes with its own genre of comfort food: Think loaded nachos, buffalo wings and overstuffed burgers best enjoyed while bellied up to the bar watching a Red Sox game. And let’s not forget the strong international cuisine scene; in neighborhoods like Allston, you can chow down on Thai curries, Japanese ramen and Middle Eastern kebabs all in a single street.
Entertainment
Often referred to as the “Athens of America” for its intellectual vitality, Boston has an entertainment scene that caters to every taste and sensibility. For the highbrow crowd, the city’s Symphony Hall, home to the Boston Symphony Orchestra, offers an unmatched acoustic experience, while the Museum of Fine Arts and the Institute of Contemporary Art serve as sources of inspiration for art aficionados.
Those enamored by the stage will find solace in Boston’s flourishing theater district, which hosts a mix of Broadway hits, avant-garde performances and everything in between. There’s even a vibrant indie film scene, with theaters like the Coolidge Corner Theatre offering a sanctuary for lovers of the silver screen outside the mainstream.
Yet, for all its refinement, Boston is also a city that pulsates with the energy of its passionate sports fans. The words Red Sox, Celtics and Bruins are spoken here with a kind of religious reverence, and catching a game at historic Fenway Park or the state-of-the-art TD Garden is an experience that pulses with excitement and local pride.
For a more casual night out, the city is home to a ton of bars, from the clubs in the South End to raucous rock venues in Allston. Beer gardens, rooftop bars and dance clubs pepper the city, ensuring that when the sun goes down, Bostonians have no shortage of places to let loose. From the upper crust to the down-to-earth, Boston’s entertainment scene is as varied as it is abundant.
Other expenses
Living in Boston comes with its share of additional recurring expenses that go beyond the basics of rent, food and entertainment. One significant outlay is utilities, which can run higher than the national average, especially during the city’s harsh winters and hot summers.
Expect to shell out for heating costs in the form of gas or electricity, which can range between $150 to $300 a month depending on the size and efficiency of your home. Don’t forget the cost of water, internet and cable, which can collectively add another $100 to $200 to your monthly budget.
Healthcare is another major recurring expense, with Massachusetts having some of the highest healthcare costs in the country. Even with insurance, co-pays and premiums can add up. Monthly premiums for a standard plan can range from $200 to $400, while specialized treatments or medications can be substantially higher.
Similarly, fitness-conscious Bostonians might find themselves paying for gym memberships or yoga classes, which usually cost around $50 to $100 per month. Pet owners aren’t exempt from recurring costs either, with pet insurance, vet visits and grooming services contributing to the monthly bills.
Make your move to Boston
Life in Boston is a rich collection of experiences, from its dynamic job market and world-class educational institutions to its diverse food and entertainment scenes. While the cost of living can be steep, particularly when it comes to rent and utilities, the thriving job market often compensates with competitive salaries.
According to various reports, the average salary in Boston ($80,507) is higher than the national average, making it possible for renters to enjoy the city’s amenities and culture while also planning for a financially secure future. If you’re lucky enough to be bringing in $100,000 a year, you should have no problem finding the perfect place to call home in Boston.
Crossing over the Ohio River from Kentucky right into the Queen City is breathtaking, as it’s known for its architecture and expansive skyline. After a decline in population since the 1950s, Cincinnati has been slowly but steadily growing since the aughts.
Today, the greater Cincinnati population clocks in just below 1.8 million, with a median age of 32 years old. The average income of Cincinnati residents is a little over $40,000. Cincinnati isn’t the cheapest for its cost of living, but it’s definitely not the most expensive, so many are able to live comfortably.
Cincinnati’s culture is booming, as the city works with local businesses to bring bold colors, flavors and brews into town. The fine arts scene is expansive and residents love festivals, so there’s always something to do. Cincinnati is home to the University of Cincinnati and Xavier University, along with pro sports teams like the Cincinnati Bengals, Cincinnati Reds, FC Cincinnati and the minor-league hockey team, Cincinnati Cyclones. Made up of 52 neighborhoods with individual cultures, events and perks, there truly is something always going on in the Queen City! Here are the best neighborhoods in Cincinnati.
Median 1-BR rent: $685
Median 2-BR rent: $915
Walk score: 67/100
Clifton is historic and eclectic. Located in the heart of Cincinnati, it’s pretty convenient. Just nine minutes away from Downtown, it’s near the University of Cincinnati and its medical centers. Thanks to its location, the residents are a good mix of doctors, young professionals, students and artists alike.
The homes are what you might expect from a downtown area. Lots of trees line the old streets and cottages and mansions are speckled throughout the residential areas. But there’s one thing that’s different about Clifton: The neighborhood isn’t too partial toward chain restaurants and shops. So, in the heart of the borough on Ludlow Avenue, all the dining and shopping is local.
Median 1-BR rent: $710
Median 2-BR rent: $950
Walk score: 42/100
College Hill used to have two colleges. Although both colleges have closed down, the area maintains the well-manicured streets typical of college campuses. That combined with the local revitalization efforts going on thanks to the College Hill Community Urban Redevelopment Corporation (CHCURC) and $43.1 million building plans split between rentals and retail spaces, College Hill has been building up to the cusp of a big boom for years.
Plus, the area has big breweries coming in to join existing pubs, bringing in more outside traffic and attention to the area.
Median 1-BR rent: $675
Median 2-BR rent: $860
Walk score: 44/100
Columbia Tusculum, sometimes referred to as the oldest neighborhood in Cincinnati (dating back to a month before Cincinnati debuted in 1788), is home to the Victorian “Painted Ladies,” a row of brightly painted architectural homes overlooking the Ohio River.
The area has plenty of pubs and breweries — arguably more than restaurants — along with plenty of gyms and fitness centers. Here, residents can enjoy the hilly, river-view 94-acre Alms Park. Easy to see why this is one of the best neighborhoods in Cincinnati.
Median 1-BR rent: $1,532
Median 2-BR rent: $2,381
Walk score: 52/100
Downtown Cincinnati is the place for residents constantly looking for something to do. It’s got a little bit of everything for everyone. The kids enjoy the splash pad in Washington Park during hot summer days, and everyone in the family loves a trip to the Play Library to rent out games and toys for family game nights. There are ample boutiques and shops downtown to score local finds, clothes, vintage goods, plants and greens, kitchen utensils and even an old-school hat shop.
The Cincinnati Museum Center at Union Terminal is home to several museums inside the 1933 Art Deco train station. Look for the Cincinnati History Museum, the Duke Energy Children’s Museum, the Museum of Natural History & Science and the Cincinnati Historical Society Library. Bonus: It’s home to the OMNIMAX Theatre, too. Throw in some amazing dining and bar options, plus a few outdoor shows and concerts, and Downtown really is fun for everyone.
Median 1-BR rent: N/A
Median 2-BR rent: N/A
Walk score: 52/100
East End is one of the oldest neighborhoods in Cincinnati. Back in the day, it was known for the sublime wooden ships built in the shipyard. Located right off the bend of the Ohio River, this area saw a mass exodus, like much of the rest of the city, as residents fled for the suburbs. But now, seeing its potential, developers have started returning to the riverside area, bringing with it new amenities and residencies, retailers and restaurants.
Median 1-BR rent: $1,150
Median 2-BR rent: $1,100
Walk score: 70/100
Since 1896, Hyde Park has sought to provide residents with a quiet place to call home. It’s done just that, while providing a well-balanced mix of nature-driven and architectural respite, too.
At the heart of this best neighborhood in Cincinnati is the Square, a well-manicured lawn perfect for sitting under the shady trees to enjoy the weather, rest after browsing local shops or eateries or meet up with friends.
Median 1-BR rent: $1,100
Median 2-BR rent: $1,725
Walk score: 66/100
If you dream of a chill neighborhood with a view overlooking the city and the Ohio River, Mount Adams is what you’ve been looking for! Located on a hilltop for peak visibility, Mount Adams is the perfect mix between San Francisco and a European village.
As one of the more upscale areas, doctors, lawyers and young professionals tend to call this place home. But don’t let that fool you. While it’s a quiet area throughout the week, these professionals and neighboring college students line the streets to enjoy the nightlife. With loads of different food options, residents’ palettes are rarely bored.
Close to Downtown, there’s also an outdoor amphitheater and Playhouse in the Park, where visitors can catch a play or performance throughout the year.
Median 1-BR rent: $1,254
Median 2-BR rent: N/A
Walk score: 54/100
Mount Lookout is a hilly, slightly ritzy neighborhood with incredible views. It’s home to the country’s oldest working telescope at the Cincinnati Observatory (National Historic Landmark) and has an incredible vineyard-turned-park that’s a fan-favorite among locals.
The area is also packed with great dining and café options, along with a beautiful town square lined with shops and businesses.
Median 1-BR rent: $1,081
Median 2-BR rent: $1,430
Walk score: 66/100
Northside is a quick 15-minute commute north of Downtown and has become quite the hipster hangout. With coffee houses, breweries and pubs to call home, it’s no wonder there’s such a Northside following, making this one of the best neighborhoods in Cincinnati.
The neighborhood is notably a safe space for LGBTQ+ members thanks to the presence of allies and supporters. With an annual 4th of July parade and other events, everyone can feel at home in Northside.
Median 1-BR rent: $955
Median 2-BR rent: $1,350
Walk score: 95/100
Located just north of Downtown, German immigrants tended to settle into this area back in the day. Having to cross the Miami and Erie Canal to get to work, residents started calling it “the Rhine,” like the river that runs through Germany. Thus, the neighborhood’s name, Over the Rhine, was born.
It’s hard to imagine now, but Over the Rhine was once seen as one of the most crime-infested and dangerous areas in the city. However, over the past decade, Cincinnati has been pouring money and investments into the area to revitalize it. These efforts have worked and many Cincinnatians say OTR is now one of the most interesting and eclectic neighborhoods the city has to offer.
Once the city funding came through, trendy bars, restaurants and shops started coming into the area. The new businesses and the community mainstays, like the 1878 Music Hall that hosts symphonies, operas and ballets, have made OTR a beloved Cincinnati staple.
Median 1-BR rent: $1,299
Median 2-BR rent: $1,510
Walk score: 52/100
Pendleton, located to the east of Over the Rhine, is often referred to as the arts district. Not only is the Pendleton Art Center located there, but many residents have livened up the area by bringing bright colors to their homes’ exteriors and businesses have followed suit, as there are ample murals all over local shops and restaurants.
Aside from art, there’s a great food scene, lots of things to keep kids busy and cafés and bars for the adults. The supportive neighborly vibes run deep in this bright, cheery area.
Median 1-BR rent: $849
Median 2-BR rent: $1,054
Walk score: 46/100
Pleasant Ridge is one of Cincinnati’s oldest neighborhoods, dating back to 1795. Now, it holds up its end of a storied past, as most of the businesses have been locally and independently owned for years and years, earning Cincinnati’s first Community Entertainment District title.
After a push to reinvigorate the area in the early 2000s, Pleasant Ridge has been basking in the rays of success and is still a trending neighborhood today. The charming town is colorful, too, as its business district has murals throughout.
Median 1-BR rent: $1,299
Median 2-BR rent: $1,510
Walk score: 52/100
Traditionally, South Fairmount has been an overlooked area. Most people wrote it off as hopeless. But with $100 million being funneled into the neighborhood, it’s quickly turning around.
Thanks to the Lick Run Greenway, a creek with wide sidewalks running alongside the water, South Fairmount is on the upswing. What was once dreary and gloomy, this area is getting a lot of attention from businesses and restaurants looking to capitalize on the new Greenway’s attention and it’s the perfect time to join in on the commotion.
Median 1-BR rent: $944
Median 2-BR rent: $1,124
Walk score: 67/100
Founded back in 1804, Walnut Hills is rich with history and culture. One house in the neighborhood was a stop for the Underground Railroad, thanks to its resident, author of “Uncle Tom’s Cabin,” Harriet Beecher Stowe. Her house is now a historic landmark and offers tours.
Just two miles from Downtown Cincinnati, Walnut Hills serves as an overflow area for top professionals and creatives alike. Home to Eden Park, Walnut Hills residents can enjoy a lovely scenic stroll scattered with fountains, sculptures and playgrounds, along with the Art Museum and Kohn Conservatory.
Median 1-BR rent: $736
Median 2-BR rent: $760
Walk score: 29/100
Westwood is the city’s biggest neighborhood and has been through quite a revolution over the past couple of years. It’s still in the process of its makeover and newer residents have been smart to jump aboard and join the team.
Residents tend to stick around and for good reason. They see real potential in the neighborhood and they’re willing to find out they were right. Westwood’s foodie scene has popped off. From pizza to delis to more adventurous options like Ethiopian food, just about anything you try in Westwood is something worth writing home about
Find the best Cincinnati neighborhood for you
If one of these neighborhoods sounds like your ideal future home, be sure to check out these apartments for rent in the best neighborhoods in Cincinnati.
The rent information included in this article is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent. as of November 2021 and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
There are many reasons you might want to pay a loan with a credit card. Maybe you want to earn rewards on your mortgage payment. Or maybe you want a reprieve from interest on your auto loan by paying off the balance with a card’s 0% APR offer.
Unfortunately, most loan types prohibit you from making a payment directly with a credit card. Yes, there are some workarounds, but higher interest rates, processing fees and potential risk factors generally make those methods inadvisable.
Here are some potential ways to pay a loan with a credit card.
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Transfer your loan to a credit card
You may be able to transfer your existing loan balance to a credit card. However, this would make sense only if the interest rate on the credit card is lower than the rate on your existing loan.
While interest rates will vary based on your credit scores, most credit cards will carry a higher APR than other types of loans. As of May 2023, the average APR across all consumer credit cards that charged interest was 22.16%, according to the Federal Reserve. By comparison, the average rate on auto loans for the same period was 6.63% for new cars and 11.38% for used cars (according to Experian), and the average APR for new federal student loans was 5.50%.
One exception could be a balance transfer to a credit card that offers an introductory 0% APR period — but there are risks. The longest 0% intro APR periods generally cap out at 18 to 21 months, and you’ll need to be approved for a credit limit on the card greater than your existing loan amount to transfer the full balance. You’ll usually incur a fee to transfer the loan, typically between 3% and 5% of the total balance. And if you don’t pay off the transferred balance before the 0% APR period expires, you’ll then start to incur interest on the remaining balance at the normal, ongoing (and much higher) APR.
Use a third-party service
Some third-party payment processors, such as Plastiq, allow you to use a credit card to pay vendors that don’t otherwise accept cards. This might be an option if you’re temporarily strapped for cash or you’re trying to snag a sign-up bonus. But be aware that you’re going to incur a healthy processing fee for using the service, and if you don’t end up paying off your card balance on time, you’ll owe interest on it at whatever rate your credit card normally charges.
Tap your card’s cash advance limit
A credit card cash advance is a short-term loan against the credit line on your card. A cash advance can let you quickly access cash to pay down your loan, but it’s among the most expensive ways to pay a loan with a credit card. You’ll incur a cash advance fee from your card issuer, which could be either a flat rate or a percentage of the total advance amount. There’s also no grace period, so you’ll start accruing interest the second you receive the advance. And that interest rate on cash advances is usually higher than for regular purchases.
Because these costs will likely be higher than the interest payment on your existing loan, a cash advance is inadvisable.
Use your card’s ‘flexible financing’
“Flexible financing” programs like My Chase Loan and Citi Flex Loan allow you to get a loan against your card’s existing credit line. You’ll pay a fixed interest rate and pay the loan back over time, typically from six to 24 months. Similar to a cash advance, this could give you an immediate cash infusion directly to your bank account, which you’d use to pay off your existing loan. But if the APR your card gives you for that loan is higher than the existing loan you’re trying to pay off, it won’t make sense.
Should you pay a loan with a credit card?
While it’s possible to pay a loan with a credit card, it will almost always cost you to do so. That cost usually comes in the form of transaction fees and higher interest rates.
Transferring an existing loan to a credit card offering a 0% intro APR on balance transfers could make sense for some people, but typically only if you know you’ll be able to pay off the balance in full by the time that promotional window ends.
This article originally appeared on RickOrford.com and has been republished here with permission.
Car owners throughout the U.S. almost always need to have a car insurance policy. With the financial considerations involved and the risks drivers face on the road, it’s important to weigh the cost of car insurance carefully. Do you think your car insurance is too high? If so, you can find cheap car insurance by shopping around.
In certain ways, your car insurance costs may be a reflection of you and your driving habits. Auto insurance providers often base the rates they charge on important factors. Some of these include your credit score, where you live, your driving record, and the type of car you drive. Therefore, if your premiums recently shot up or seem too high, you need to determine the possible reasons for it.
Reason #1: You Have Bad Credit
In most states, auto insurance companies use your credit score when calculating your car insurance premiums. Therefore, if you have a poor credit score, you may end up having to pay higher insurance premiums. However, the cost increase may depend on the auto insurance provider you choose and where you live.
According to the Insurance Information Institute, credit-based insurance scores are confidential ratings based on the insured individual’s credit information. Many insurance providers use credit scores in combination with other factors to help determine premiums. This is typically the case for insurance lines such as personal car insurance.
Reason #2: Poor Driving Record
Before giving you a car insurance policy, all insurance providers will want to know your complete driving record. This includes your traffic violations and accidents you had in the past. Even if the handful of accidents you had did not happen recently, you might still have to pay higher insurance premiums. The same applies to traffic violations.
However, if you have a clean driving record, you should enjoy lower insurance premiums. When it comes time to renew your policy, your insurance provider will check your driving record for DUIs, accidents, speeding tickets, and other traffic violations.
Your premiums may increase by as much as 20% after a speeding ticket. A DWI or DUI will cost you significantly more. You will also have to pay steep fines and attorney fees, in addition to an average premium increase of up to $800.
The reason for this difference in rates is that drivers with poor records are more likely to make more claims in the future.
Reason #3: Coverage Levels and Types
The type of coverage you choose and the level of insurance you have can greatly influence your insurance rates. Every state decides its own rules and requirements for minimum coverage requirements on any type of policy.
For example, some states have basic minimum requirements for property damage and bodily injury coverage. Others require additional coverages such as underinsured and/or uninsured motorists and personal injury protection or medical payments coverage.
A state like South Carolina, for instance, requires drivers to carry the following:
A minimum coverage of $25,000 per person for bodily injury
$50,000 per accident
$25,000 in uninsured motorists’ coverage and property damage coverage within the same limits
Since the minimum requirements for drivers differ by state, you may start with different rates and coverages just on a basic liability insurance policy alone. Furthermore, if your car has a lien, you may need to have additional coverage or higher limits, which would affect your annual rates.
The answer to the question “Why is my car insurance so high?” may lie in the type of coverage you have. Generally, the more coverage your car has, the more you should expect to pay.
For example, do you have a full coverage insurance policy, which includes collision and comprehensive coverage? If so, it may cost you about 170% more in premiums than a policy with liability coverage only.
Reason #4: Your Claim History
Even if you only have a couple of accidents on your driving record, the resulting payouts will impact your insurance premiums. Of course, a driver with a couple of minor fender benders is a significantly lower risk than one who previously totaled several cars.
Whether the accidents were your fault or not, the number of claims you file will have an impact on your insurance rates. A no-fault accident can lead to a 10% increase in your premium and remain on your record for up to three years.
However, some states do not allow insurance providers to increase premiums after a no-fault accident. However, filing a claim for such an accident will still count towards your total number of claims.
Related read: How an Accident Can Affect Your Credit Score
Reason #5: Your Car
When setting premium rates, car insurance providers consider the type of car to be insured. Some types of cars are more likely than others to keep occupants protected in the case of an accident. This results in lower insurance rates.
However, drivers of high-powered cars such as sports cars are statistically more likely to drive recklessly. This makes these drivers more likely to cause accidents, resulting in higher insurance rates.
According to some studies, safer and bigger cars, such as small SUVs and minivans, tend to have the most reasonable rates of insurance. Smaller cars, on the other hand, have surprisingly high rates. One reason for this could be because they tend to sustain more extensive damage in a crash.
Reason 6: Where You Live
Car insurance costs vary widely across the United States. If you reside in Michigan, one of the most expensive states for auto insurance, you can expect to pay several times more than people living in Maine, for example.
Various factors affect insurance rates in each state. These include the number of uninsured drivers, condition of the road network, minimum coverage amounts, and more. That said, you need to understand that insurance rates can vary within a state or city as well.
For example, if you live in an area with narrow roads that frequently lead to accidents, you may have to pay more for insurance than you would if you lived elsewhere. Those who live in areas with high rates of auto thefts tend to pay more for car insurance as well.
Reason #7: Your Age or Gender
“Why is my car insurance so high?” This is a question many younger drivers tend to ask. According to the Insurance Information Institute, mature drivers tend to have fewer accidents than less experienced drivers, especially teenagers. This is the reason less experienced drivers pay more for car insurance.
Also, your insurer will charge you more if you let teenagers and young adults below 25 drive your car. If you have young drivers on your insurance policy, you may end up paying higher premiums.
Your gender may also affect how much you pay for car insurance. Statistically, men tend to get into more accidents and have more DUI-related accidents. Furthermore, they tend to have more serious accidents than women. These are the reasons why women tend to pay less for car insurance than men.
Young men are likely to pay a lot more for auto insurance. A 20-year-old man, for example, may have to pay about 16% more on his insurance premium than a woman of the same age.
However, as drivers age, the difference in rates tends to even out. Often, older women pay slightly more for car insurance than men of the same age. However, in this case, the difference in rates is quite small.
Reason #8: Your Insurance Company
Your car insurance may be expensive because your insurance provider charges higher rates. Rates vary dramatically among different insurance providers. Therefore, you could be paying significantly more than necessary.
According to one study, among the top ten auto insurance providers nationwide, the average price of basic coverage for a good driver is about $440 for six months. However, that same driver could be paying just $309 from one company or as much as $625 from another of the top companies.
Therefore, if you have a good driving record, you could save up to 51% in insurance savings by switching companies.
Reason #9: Your Driving Patterns
Simply put, you and your insurance provider are at higher risk the more often you’re on the road and the further you drive. If you travel great distances to and from work, driving your car may eliminate some of the inconvenience. You just listen to your favorite music or podcasts to pass the time as you drive to work every day.
However, you may be paying a higher insurance premium for that convenience. When you apply for insurance coverage, your insurance provider will want to know where you work and where you live. This will help them have a better idea of how far you drive regularly.
Reason #10: You Have Low Deductibles
When buying car insurance, car owners typically choose a deductible. This is the amount they would need to pay before the insurance provider picks up the tab in the event of theft, an accident, or any other type of vehicle damage.
Depending on the type of policy you choose, your deductibles may range from $250 to $1,000. However, there’s a catch. Generally, the lower your deductibles are, the higher your annual insurance premium is.
Reason 11: You Pay for Coverage You Don’t Need
If you think your car insurance is too costly, you need to take a closer look at your policy. Do you need to pay for things such as car rental coverage and roadside assistance? Although such coverage can provide some convenience, they are not the most important things to pay for.
Reason #12: You Have Gaps in Your Car Insurance
Many auto insurance companies consider the continuity of a car owner’s auto insurance. If you’ve had lapses or gaps in your car insurance history, you may be pegged as a high-risk car owner. As a result, your premium rates may increase by as much as 8% per year. The rate increase goes up to 35% if the coverage lapse extends beyond 30 days.
These penalties may also vary depending on your auto insurance provider. Make sure you ask your provider about how an insurance lapse would affect your premium rates.
The Bottom Line
To find out why your insurance rates seem to be expensive, you must first understand how auto insurance companies determine your rates. Fortunately, in most cases, you can do something about your unnecessarily high car insurance premiums. This may involve adjusting your driving habits or filing fewer claims, if possible.
In addition to shopping around for the best auto insurance rates and the right policy, you should look for discounts as well. These discounts may be applicable to drivers with good records, student drivers, and members of the military. Check your provider’s website to determine the types of discounts they offer.
The more information you have, the easier you can identify the factors contributing to your car’s high insurance rates.
In the United States, it’s illegal to drive a car without car insurance. Depending on the state you’re driving in, the consequences of doing so can range from a fine to a misdemeanor on your record. So, if you’re planning on hitting the road anytime soon, be sure to purchase car insurance to avoid penalties.
In this article, we’ve researched the average cost of car insurance by state to give you a better idea of how much to budget.
Key findings:
According to AAA, the national average cost of car insurance for a full-coverage policy was $1,588 in 2022.
On average, the cheapest states for full coverage car insurance are Ohio, Maine and Idaho, while the most expensive states are Florida, Louisiana and Michigan.
USAA, Geico and State Farm offer the cheapest minimum coverage plans, while USAA, Geico and Nationwide offer the cheapest full-coverage insurance.
The average cost of car insurance tends to decrease with age, but starts to rise again around age 70.
Individuals with high credit scores pay lower car insurance premiums on average compared to those with poor credit.
How much is car insurance?
According to AAA, the national average cost of car insurance for a full-coverage policy was $1,588 in 2022. This figure is based on an under 65 years old driver who lives in the city or suburbs, has over six years of driving experience, and has not been involved in any accidents.
Average cost of car insurance by state
When calculating the cost of car insurance, the state you live in plays a role in how much you can expect to pay. This is because factors like population density, climate, road conditions and crime rate in your area can play a part in the likelihood that you’ll file a claim.
According to insurance.com, the cheapest states for car insurance if you’re looking for minimum coverage are Iowa, South Dakota and Wyoming costing an average of $263, $267, and $293, respectively. Meanwhile, the cheapest states for full coverage auto insurance are Ohio ($1,023), Maine ($1,116), and Idaho ($1,121).
The most expensive states for car insurance in terms of minimum coverage are New Jersey, Florida, and New York where drivers pay an average of $989, $908 and $875, respectively. For full coverage insurance, drivers in Florida ($2,560), Louisiana ($2,546), and Delaware ($2,137) pay the most in the country on average.
State
Minimum coverage
Full coverage
AK
$336
$1,359
AL
$420
$1,542
AR
$422
$1,597
AZ
$494
$1,617
CA
$582
$2,115
CO
$467
$1,940
CT
$773
$1,750
DE
$821
$2,137
FL
$908
$2,560
GA
$567
$1,647
HI
$389
$1,306
IA
$263
$1,321
ID
$326
$1,121
IL
$484
$1,578
IN
$384
$1,256
KS
$389
$1,594
KY
$717
$2,105
LA
$726
$2,546
MA
$523
$1,538
MD
$607
$1,640
ME
$330
$1,116
MI
$711
$2,133
MN
$479
$1,493
MO
$525
$2,104
MS
$434
$1,606
MT
$389
$1,692
NC
$396
$1,368
ND
$340
$1,419
NE
$350
$2,018
NH
$411
$1,307
NJ
$989
$1,901
NM
$376
$1,505
NV
$683
$2,023
NY
$875
$2,020
OH
$308
$1,023
OK
$352
$1,797
OR
$551
$1,244
PA
$398
$1,445
RI
$648
$1,845
SC
$628
$1,894
SD
$267
$1,581
TN
$368
$1,373
TX
$520
$1,875
UT
$526
$1,469
VA
$469
$1,321
VT
$306
$1,158
WA
$505
$1,371
WI
$375
$1,499
WV
$474
$1,610
WY
$293
$1,736
Average cost of insurance by company
Another factor that’s going to influence how much you can expect to pay for car insurance is the specific company you purchase your plan through.
According to U.S. News & World Report, USAA, Geico and State Farm offer the cheapest minimum coverage plans, while USAA, Geico, and Nationwide offer the least-expensive full-coverage insurance.
Farmers, Progressive, and Nationwide offer the most expensive minimum coverage rates while Allstate, Farmers, and Progressive offer the most expensive full coverage plans.
Insurance company
Minimum coverage
Full coverage
Allstate
$1,961
$2,138
American Family
$1,327
$1,388
Farmers
$1,782
$2,059
Geico
$1,064
$1,238
Nationwide
$1,347
$1,338
Progressive
$1,440
$1,650
State Farm
$1,191
$1,348
Travelers
$1,290
$1,448
USAA
$948
$1,056
Average cost of insurance by age
According to CarInsurance.com, the cost of both minimum and full coverage car insurance tends to decrease with age, as seen in the chart below. However, there is an uptick around age 70 where rates start to go back up.
Age
Minimum coverage
Full coverage
20
$1,109
$3,532
30
$539
$1,785
40
$520
$1,682
50
$496
$1,581
60
$482
$1,511
70
$554
$1,661
Average cost of insurance for young drivers
Young drivers are the most expensive age group to insure. Although there are a few exceptions, insurance rates decrease with age among young drivers.
Age
Minimum coverage
Full coverage
16
$2,402
$7,203
17
$1,971
$5,924
18
$1,706
$5,242
19
$1,234
$3,874
20
$1,109
$3,532
21
$884
$2,864
22
$794
$2,593
23
$736
$2,415
24
$690
$2,267
Average cost of insurance by credit score
According to the Insurance Information Institute, your credit score is a good indicator of how many insurance claims you’ll file. As a result, insurance companies use credit scores to determine risk, and those with a good credit score pay cheaper premiums. The Zebra found that individuals with poor credit pay approximately 114% more than those with great credit.
Credit score
Average annual rate
Very poor (300-579)
$2,887
Average (580-669)
$2,296
Good (670-739)
$1,912
Excellent (740-799)
$1,606
Exceptional (800-850)
$1,350
What factors affect your car insurance rate?
As you can see from the above charts, the cost of car insurance varies by the following factors:
Age: Typically, young drivers under the age of 25 and senior drivers over the age of 65 are charged more for car insurance.
State of residence: Since the minimum coverage required varies by state, your location is one of the factors that will influence the price.
ZIP code: In addition to your state of residence, your ZIP code will also play a role in the cost of insurance since your vehicle is more likely to be damaged in certain areas, such as ZIP codes with high crime rates. Typically, the cost of car insurance will be greater in cities than in rural areas.
Marital status: Statistically, married drivers are less risky than single drivers resulting in a lower insurance cost.
Gender: Based on risk, male teenage drivers tend to have the highest cost of car insurance of any demographic.
Credit history: Those with a low credit score tend to pay higher premiums than individuals with good credit.
Driving record: Since car insurance premiums are based on risk, individuals with a good driving record can expect to pay lower premiums, while those with a poor driving record may experience increased rates.
Car make and model: You may pay less if you drive a vehicle that insurance companies deem safe. On the other hand, you’re likely to pay more if you drive a small sports car since they pose a higher risk.
Mileage: Higher annual mileage increases the risk you’ll get into an accident and will likely raise your premiums.
High-risk violations: Driving under the influence andat-fault accidents are examples of violations that may result in you being considered a high-risk driver.
What’s the difference between full and minimum coverage?
Minimum coverage car insurance — liability coverage — is required in most states and is used if you’re at fault in an accident. This coverage will pay for damages and injuries of the other party when you’re responsible for the incident.
On the other hand, full coverage insurance, or collision coverage, includes liability coverage plus damage caused to your own vehicle. Keep in mind that lenders often require you to obtain full coverage insurance before you get an auto loan.
FAQ
Below, we’ve answered some common questions regarding the cost of auto insurance.
Can my driving record affect my car insurance rate?
Your driving record is one of the factors that affects your car insurance rate. As a result, those with traffic violations or accidents on their record can expect to pay higher premiums.
Does your car insurance cost go down after you pay off your car?
Your care insurance cost doesn’t typically go down after your pay off your car. However, you do have the option to decrease the amount of coverage on your vehicle once it’s paid off.
Which car insurance company is the cheapest?
As mentioned above, insurance companies that offer the cheapest plans include Geico, Auto-Owners, USAA and Erie.
Does car insurance decrease annually?
For young drivers in particular, car insurance rates decrease each year you renew your policy without filing a claim. You can expect to see the biggest drop in price at age 25.
The average cost of car insurance varies by factors including state, age, insurance company and credit score. Some factors, such as your age, are beyond your control, but other factors, such as your credit score, can be improved.
Check your credit score for free today to see if it’s a reason your car insurance is high.
Okay, so you’re tired of puttering along in that same 1996 Honda Civic with which you picked up your Homecoming date during your senior year of high school. How do you even begin? No doubt, you’ll have questions to ask when buying a used car. Well, first, you need to narrow it down to which car you want, what options you want/can live without, your budget, etc. Once you’ve gotten that down and have taken a few cards for a spin, it’s time to get down to business.
I bought my first car just about ten years ago and have bought and sold seven cars within that time frame. Except for one, I made a profit off every single one of them. For example, My INFINITI G37 just stole my heart. I got such a good deal on it (I bought it for $4,700 under dealer internet price) that I made the conscious decision to take a loss by keeping it longer and thus having to deal with depreciation.
However, it never needed any maintenance for the six years I had it other than $40 oil changes periodically. So, considering all costs (parking, annual registration, gas, car insurance, and depreciation), the car probably cost me $150 per month over those six years. That’s well below what some friends spent on the luxury of ride-sharing.
What to Ask When Buying a New Car
When you’re ready to buy a used car, you want to come armed with questions. Ensure you’re informed, and then you come across as a knowledgeable buyer and ward off any unscrupulous sales tactics.
#7. When Is the Best Time to Buy a Used Car?
We’ve all seen those charts on the best time to buy everything from winter apparel to laptops. But did you know there is a sweet spot for buying cars, as well? Buying towards the end of the month and even the end of the year is your best bet. Why? Because dealerships have quotas to meet, salespeople are hungry to get one last commission for their paycheck.
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As far as the end of the month, most dealerships close the books, project that month’s sales amounts, and try to move inventory to keep the interest fresh. You may know that when new models come out and leases get returned, the used car market is usually more flexible, which means more selection and a better price for you.
If you’re daring, go into the dealership on a Sunday evening during unpleasant weather when they’re hungry to meet quotas. If you’re paying cash, and you’re there with money in hand, they’re much more likely to get you a good deal. Make sure you come with evidence of comparable models elsewhere.
#6. Why Is Buying Used Better Than New?
While many people justify their decision to buy new as having a more reliable vehicle and spending less on repairs than an older car, cars have markedly improved their dependability over the last 10-15 years.
Plus, many online tools help you with price transparency, find service records, and owner/expert reviews. You’ll find anything you want to know about the car you’re considering over the last decade.
According to a recent report, new cars lose up to 20% of their value after the first year. And then they depreciate more than HALF their value after five years. On a $32,000 car, that’s almost a $7,000 hit after just a year of driving! On the other hand, you can easily buy a car that’s just a few years old and let someone else take the depreciation hit.
Besides houses, cars are generally the most expensive purchases you’ll make. Buying used enables you to strategically get a reliable vehicle that can last you years without breaking the bank. My neighbor once bought a 4-year-old Honda Accord for $12,000 and still drives it ten years and 90,000 miles on the odometer later!
#5. Why Is Buying Better Than Leasing?
According to Consumer Reports’ comparison for buying versus leasing, the average cost of a new car has now topped $38,000. You might think to yourself, “I don’t have $38,000 laying around!” Well, take a step back and a deep breath, realizing this is average. Meaning, you can easily find cars for less than this amount. Plus, just another reason to look at a mint used car!
Leases can be appealing because they enable the consumer to drive a new car for a monthly lease payment. Lenders are happy to collect the interest! And then, you return the vehicle at the end of the lease without worrying about maintenance or repairs. Leasing is ideal for people who like to have the newest car (and can afford it) or deduct leasing expenses like realtors. And yes, if you’re wondering about this question, you can lease a used car as well. However, there are mileage limits, and if you lose your job or have a child, you typically can’t just hand the keys back without penalty.
Buying a car means you can drive it freely and have something of value that you can sell when the need arises. With leasing a vehicle, you typically have to either return it, have nothing at the end of the lease, or pay off the car at an agreed-upon amount when you lease the vehicle. For these reasons, buying a car is the best option for most people.
#4. How Many Miles Should a Used Car Have?
Congratulations, we’ve convinced you to buy used! Well, hopefully, you’re empowered to ask questions and find and buy a quality used car, over lining the dealership’s pockets with a new one. Mileage is an essential factor to consider, and the lower mileage, the better. Think about it, cars don’t run forever. So, there’s a cap on mileage before the vehicle is pretty much worthless. (though if you want to see some impressive machines with millions, yes millions of miles, check out this car.)
Most people drive about 10-12,000 miles per year. And with ever-changing technology, it might be best to keep it under 100,000 if you plan to keep the car for a while. After 100,000 miles, more expensive servicing like timing belt change, transmission replacement, and electrical repairs come along.
Consumers who question a used car’s value can turn to The Kelley blue book as an excellent resource when buying or selling. I have found that buying cars with low-mileage, i.e., under 30,000, is the sweet spot if you can snag a good deal because it still feels new. These cars usually come with the balance of a new or extended warranty and yet have decent value locked in. Bonus points if you flip it a year later for a profit as I did!
#3. What Are the Benefits of Buying a Used Car from a Dealer?
You can compare buying a certified pre-owned (aka used car) from a dealer instead of a private party to purchasing a laptop from the store versus a seller on Amazon. You typically get more hand-holding and a concierge process with inspection of the car, service and registration assistance, etc. Yet, that comes with a price.
Buying a used car from a dealer means there’s no question: they have to stand behind that car and not sell you a lemon because their reputation lies on that. So, peace of mind is a big plus when it comes to buying from a dealer. Also, you can typically find more variety in what you want and have someone reach out to you when they get something closer to what you’re looking for. You can also negotiate free service for a year, a multi-point inspection, printouts of service records, and things like replacing the tires at a reduced cost. Moreover, suppose haggling, negotiations, or dealing with salespeople make your stomach churn. In that case, you can always pay a slight premium for peace of mind by using a service like Carvana or Carmax.
Buying from a dealer can also help you make sure you get your title and tag done correctly. One thing to look out for is some dealerships charge a Dealer or “Document Preparation” fee, which can be hundreds of dollars in some states. Be sure to understand what value they’re providing for that fee and where it goes. Few waive them and even charge their employees that fee.
#2. What Are the Benefits of Buying a Used Car Privately?
How do you save the MOST amount of money when buying a car? Well, you buy a pre-owned vehicle that already got whacked with depreciation and cut out the middleman. By middleman, I mean the dealership.
Now, you read about the perks of buying through a dealer and all the peace of mind it brings. So, why bother dealing with the hassle and uncertainty of a private party? Well, the significant cost savings, of course! There’s no dealer doc prep fee, no markups to pay for payroll or overhead, and no burdensome certification process. Buying a used car privately gives you the best chance of getting a great deal if you ask the right questions.
In simpler times, a handshake and trust were all we had to go off before things like CARFAX reports and AutoCheck. When you find a private seller, you can find out the vehicle history. For example, if they were the original owner, who drove the car, why they bought it, and how it’s been treated over the years. Also, you’ll have to make sure they have the title free and clear. Otherwise, you’ll want to go to the bank and have them call the company that holds the title to make sure the loan gets paid off before any other money changes hands.
#1. What Are the Best Ways to Find a Used Car?
Now how do you go about finding a used car? There are many more online tools at our disposal than ever before. Do you remember the times when you would flip to the classified section of the newspaper to find boxes of 6 point font describing a car for sale? Or you saw a car parked on the road with a “For Sale” sign? How times have changed.
Now, you can easily find any car you want online, know everything about it, see high-resolution pictures of its every angle. And you don’t even have to limit yourself to your geographic area!
The thing to know is most private-party sellers will usually try to sell their car for free or cheaply. So, be sure to start your search by scanning Craigslist, Cars.com, and Facebook Marketplace.
Expand Your Search
Now, if you’re looking to expand your search across the state or nation, check out cars.com, Cargurus.com, and Truecar.com. All of these sites provide decent vehicle descriptions and history, such as accident reports.
Cars.com has a very user-friendly interface and easy navigation filters for color, features, cloth/leather, etc. It also has a price analysis tool to let you know if that particular car is a “good” or “great price” as compared to other vehicles for sale.
CarGurus is also user-friendly and has a similar price comparison tool. Also, it’s got a cool little “negotiation” section in the description. It tells you how long the car has been on the market and its different price changes. It can give you a glimpse of how motivated the dealer is to get rid of the vehicle. I love CarGurus because it answers the most basic questions I’d ask about the used car I’m thinking about buying.
Finally, TrueCar has a unique pricing analytics report that will tell you what you can expect to pay based on what similar vehicles have sold for. They also can offer a unique “personalized offer” on a car, which might be lower than other sites, in exchange for inputting your contact information. It might be an easy trade to shave a few hundred off your car purchase!
Final Thoughts about Buying A Used Car
Consumers looking to buy a used car certainly have to ask a lot more questions than when buying new. But, the extra work will save them thousands in unnecessary depreciation. The key is to do your homework and get the car inspected. That way, you’ll come out ahead by knowing the car’s history. And don’t be afraid (ever) to walk away from a bad deal!
Collecting and trading Pokémon cards has been a popular hobby since the 1990s for both children and adults. In fact, as a kid, I was obsessed with Pokémon cards. I enjoyed opening new packs, collecting cards, and trading with my friends. And, I know I’m not alone. So many people have enjoyed Pokémon cards over…
Collecting and trading Pokémon cards has been a popular hobby since the 1990s for both children and adults.
In fact, as a kid, I was obsessed with Pokémon cards. I enjoyed opening new packs, collecting cards, and trading with my friends. And, I know I’m not alone. So many people have enjoyed Pokémon cards over the years as well.
As the value of certain cards continues to rise, finding the best places to sell your collection of Pokémon cards is more important than ever.
Whether you’re looking to make some extra cash, simply downsize your Pokémon card collection, or if you are decluttering everything you own and find a long lost box of childhood mementos, knowing where and how to sell your Pokémon cards can be important to make the most money.
In this article, I’ll discuss some of the best places to sell Pokémon cards online and locally and provide tips on how to price and present your cards in the best way.
Quick Summary
Identify and evaluate the value of your Pokémon cards before selling. Some cards are worth way more than others. For example, one card may be worth $0.10, and another may be worth over $100,000.
Look at your different selling options to see how you can get the most money.
Learn effective selling tips and strategies for presenting your cards to potential buyers.
How To Sell Pokemon Cards
Selling your Pokémon cards can be an exciting and profitable way to make money, especially if you have rare, holographic, or near-mint-condition cards in your collection.
To help you make the most profit, follow these tips to find the best places to sell your Pokémon cards. Before starting your Pokémon cards selling journey, it’s important to know your cards’ condition, rarity, and type.
Related: How I Made $40,000 In One Year Selling Items
Near-mint cards with no creases, scuffs, or whitening edges tend to have a higher value. Also, rare and holographic cards, like the famous Charizard, are highly wanted by fans, collectors, and trading card game enthusiasts, making them valuable in the Pokémon card market.
To figure out how rare your Pokémon card is, look for the symbols in the bottom right corner of your card and if you have a lot of cards, then you should become familiar with the Pokémon card rarity indicators, as well as the different sets and booster packs in which your cards were released.
For more accurate valuations, you may even look for professional grading services, such as Professional Sports Authenticator (PSA). They evaluate and grade cards based on their condition, ensuring buyers of their authenticity and quality.
If you’re selling Pokémon cards online, make sure to take clear, high-quality pictures that showcase your cards’ condition, as this will give potential buyers a better idea of what they’re purchasing.
By following these tips and tricks, you’ll be prepared to sell your Pokémon cards and get the most amount of money.
Best Places To Sell Pokemon Cards Online
There are many ways to sell Pokémon cards online. Here are some Pokémon selling sites to start with:
1. eBay
eBay is one of the most popular marketplaces for selling Pokémon cards due to its large reach of customers around the world.
I did a quick search on eBay and there are currently over 160,000 Pokémon cards for sale – so they definitely have a huge market!
You can choose to sell your cards through auctions or fixed price listings. When selling on eBay, be mindful of the seller fees and PayPal fees that will be deducted from your earnings. Shipping will also be another cost.
eBay is especially good for selling valuable cards, such as holographic cards or rare Charizard cards. To reach a wider audience and increase the chances of a successful sale, make sure you write detailed descriptions and add high-quality photos of your cards so that people are more likely to click on your listing.
2. Troll and Toad
Troll and Toad is an online store that specializes in collectible card games, such as selling Pokémon cards and they have been around for over 25 years.
They offer a buy list where you can sell your cards for cash or store credit. To sell on Troll and Toad, simply use their search bar to find the cards you want to sell, add them to your cart, checkout, and then ship your cards to them.
This is a great feature of Troll and Toad – the fact that you can see the exact cards they will accept and the exact amount that they will pay you for each Pokémon card. As you will learn below, many of the Pokémon card selling websites have this same feature, which is so helpful!
After you complete the list of cards that you plan on selling to them, you will print out an invoice that they give you, and then choose a payment method. Then, you will ship your box of Pokémon cards to them. Once they receive the package, they will verify the cards that you have sent to make sure they are in the correct condition as you stated. After that, they will pay you.
Troll and Toad also accepts Pokémon cards in bulk.
Keep in mind that they may be selective about the cards they accept, so it’s important to research and determine the value of your cards beforehand.
3. Mercari
Mercari is a site where you can quickly set up an account and start selling your used items, such as Pokémon cards. This site is not dedicated to just Pokémon cards, but they do have many listed and it is an easy option for Pokémon collectors.
There are well over 1,000 Pokémon cards listed on Mercari.
It’s important to create persuasive listings with photos and a relevant, detailed description, and include relevant keywords related to Pokémon cards. (Remember, they don’t just sell Pokémon cards, they also sell clothes and other items, so keywords are important!). Also, Mercari takes a minimum 10% fee from each sale you make on their platform.
4. TCGplayer
TCGplayer is a popular site with card game collectors in the U.S. and Europe.
People love selling on this site because they say it’s easy to use and they have great customer service.
To sell Pokémon cards on TCGplayer, simply list your cards on the TCGplayer marketplace, set your prices, and wait for potential buyers to purchase them. The marketplace handles the transactions, making the selling process easy.
Note: You will have to pay a commission fee of around 12–13% for each sale you make on TCGplayer, and you might also have shipping costs.
Here’s a quick guide on how to sell Pokémon cards on TCGplayer:
Create a seller account – You will need an account to get started selling Pokémon cards.
Set up your inventory – Once your seller account is created, you can start listing your Pokémon cards for sale. Enter details like the card’s name, set, condition, and quantity available.
Pricing your cards – Decide on the prices for your Pokémon cards. You can either manually set the prices or use TCGplayer’s automated pricing tool to match the market rates. TCGplayer has a pricing algorithm to help sellers be competitive and adjust prices based on the market demand.
Shipping options – Decide on the shipping options you will have for buyers.
Receiving payments – TCGplayer usually collects payments from buyers, processes the orders, and then deposits the money into your seller account. From there, you can withdraw your funds.
Maintain your inventory – Keep your inventory up to date. Remove sold items and add new ones to reflect the current availability of your Pokémon cards.
5. Card Cavern
Card Cavern is an online store that specializes in buying and selling Pokémon cards.
They have a straightforward buylist system where you can quickly find the cards they’re interested in and the prices they’re willing to pay.
Then, you ship your cards to them (they recommend purchasing tracking and insurance).
If you choose to sell your cards to Card Cavern, you’ll receive payment through PayPal or receive store credit, depending on your preference.
Their buy rates only apply to near-mint, English, tournament legal cards. You can send as many or as little Pokémon cards as you want to Card Cavern.
6. Dave & Adam’s
Dave & Adam’s is an online store for trading cards, including Pokémon cards, and it has been around for over 30 years.
They offer a buy list where you can see which cards they’re currently interested in purchasing. If your cards match their buy list, you can submit a sell request, ship your cards to them, and receive payment via check, PayPal, or store credit.
If you have a big collection, they will even travel to you.
7. Pokémon Facebook Groups
Pokémon Facebook Groups are communities of Pokémon card collectors and enthusiasts who use the platform to buy, sell, and trade cards. Pokémon Facebook Groups are exactly what you think – Facebook groups for Pokémon card collectors.
This can be a great place to sell your Pokémon cards because these groups are filled with people who are very interested in buying Pokémon cards.
These groups allow you to talk directly with fellow collectors and cater to various interests, such as specific regions, sets, or rarity levels.
To sell your Pokémon cards in these groups, make sure you follow group rules, post clear photos, and respond quickly to potential buyers’ inquiries.
8. CCG Castle
CCG Castle is a website that specializes in games since 2007.
They buy Pokémon cards that you no longer need and have a buy list on their site that will tell you exactly what they are accepting and how much they will pay you for it. They pay in either PayPal cash or store credit.
Best Places To Sell Pokemon Cards Near Me
If you’re looking to sell your collection or particular Pokémon cards, there are several options near you to consider. This section will cover the best local places where you can sell your cards, such as Facebook Marketplace, comic book stores, pawn shops, and Craigslist.
9. Facebook Marketplace
A popular and easy way to sell your Pokémon cards is through Facebook Marketplace. Nearly everyone has a Facebook account, so it can be easy for you to get started, and it allows you to connect with local buyers who might be interested in your cards.
Posting on Facebook Marketplace is simple, and you can include photos, descriptions, and set your price. Also, you can communicate with potential buyers through Facebook Messenger, making it easy to negotiate and set up a meeting location.
There are no listing fees when selling on Facebook Marketplace, which means that you get to keep everything you earn. But, you do have to handle everything yourself.
10. Local comic book stores
Comic book stores, particularly those that specialize in trading cards, card games, and board games, can be a great place to sell your collection.
Many local comic shops are interested in buying Pokémon cards to stock their inventory for other gamers and collectors.
You can visit stores in your local area, ask if they purchase Pokémon cards, and provide the store owner with a list or photos of your cards. They may make an offer on the spot or ask you to come back later. Remember, each comic store is different, so it’s a good idea to try a few stores near you to compare offers and don’t stop at just one.
11. Pawn shops
Another option to consider is pawn shops.
Pawn stores are known for buying various items, including sports cards and collectibles like Pokémon cards. Take your cards to a few pawn shops near you and see if they’re interested in buying your collection.
Keep in mind that pawn shops usually offer lower prices than other options (this is because selling Pokémon cards is not their sole business), but they can be a quick and convenient way to sell more popular cards.
12. Craigslist
Craigslist is a site for buying and selling various items locally – I’m sure you’ve heard of it. You can create a detailed listing for your Pokémon cards, including pictures, descriptions, and asking prices.
Interested buyers in your area can contact you, allowing you to arrange a meetup in a safe and convenient location.
Craigslist is usually a little more difficult to sell Pokémon cards on and that is because this site does not specialize solely in Pokémon cards and is very localized.
Where to Sell Pokemon Cards in Bulk
Selling your Pokémon cards in bulk may be something that you are interested in if you simply don’t have the time to look each one up.
When selling your Pokémon cards in bulk, it’s important to find the right platform. In this section, we’ll focus on three popular options: Full Grip Games, Safari Zone, and Sell2BBNovelties. With their unique offerings and easy-to-sell process, these companies can help you get the most value for your collection if you simply don’t have the time or have too many cards to sort through.
13. Full Grip Games
Full Grip Games is a local game shop in Ohio that buys bulk Pokémon cards online and in person.
At Full Grip Games, they make it easy for you to sell your bulk cards in increments of 100 or 1,000. Also, they accept rares and other card types as well. To make things simpler for you, their website has a bulk buy list that breaks down all the packs and cards they accept along with individual prices.
To get started, follow these easy steps:
Click on the “Buylist Instructions” link on their website.
Choose their full singles buylist or their bulk buylist.
Select the cards in your collection according to the buylist.
Review the pricing and total value of the cards submitted.
Once done, send the cards following their shipping instructions.
Once they receive your bulk cards, it will take them around one week to go through them. For the cards they accept, you can get paid via PayPal, store credit (you will get a 30% bonus if you choose the store credit option), or check via USPS mail.
14. Safari Zone
Safari Zone is another great option to consider for selling your Pokémon cards in bulk. They accept a wide range of cards, but they do need to be in near-mint condition.
Here’s what you should do to sell your cards on Safari Zone:
Create an account on the Safari Zone website.
Review the cards they purchase on their buy list.
Enter the card details.
After submitting the card information, you’ll receive a quote for your collection.
Ship your cards to Safari Zone, and they will process your payment after validating the cards.
Safari Zone only pays via store credit.
15. Sell2BBNovelties
Sell2BBNovelties is a website that has been around since 1999 that specializes in toys and collectibles, such as Pokémon cards.
They have an easy platform to sell your Pokémon cards in bulk and accept various card types, including rares, holographic, and common/uncommon cards.
To sell your Pokémon cards on Sell2BBNovelties, simply:
Go to their website and click on the “Buying Prices” tab.
Select the cards you’re selling according to their buying list.
When you’re ready, submit the form. You’ll receive a confirmation email with the total value of the cards and further instructions.
Ship your cards to Sell2BBNovelties, and they will process your payment upon receiving and verifying your cards.
You can receive payment for the cards they accept in either PayPal cash or store credit.
How to Make a Website to Sell Pokemon Cards
If you have the time and a lot of cards, you may even be interested in starting a website to sell your Pokémon cards.
Creating a website to sell your Pokémon cards is a great idea to reach a wider audience and have lower fees. Of course, there will be more work in this because you will be managing everything yourself.
Choose a platform and create your design – Look for an easy-to-use platform to build your website – my favorite is WordPress. You will want to pick a clean looking design that customers can look at on both computer and phone. Most platforms have a variety of premade themes that you can use. You can also personalize your website by adding your logo, choosing colors that represent your brand, and adding images.
Organize your products – Categorize your Pokémon cards by sets, rarity, or other criteria that make sense for your target audience. Clear product descriptions and high-quality images of each card will help potential buyers too.
Set up payment and shipping – Choose a payment gateway to securely process transactions. Options like PayPal, Stripe, or Square are widely used and reliable. Choose shipping options and rates based on your preferred carriers and shipping destinations.
Create valuable content – In addition to listing your Pokémon cards, consider creating helpful content such as blog posts or videos that add value to your website and attract more readers and buyers. Providing informative content will establish you as an expert in the field and help drive traffic to your site.
Promote your website – Use social media, search engine optimization (SEO), or even paid advertising to increase page views to your website.
Related: How To Start A Website Free Course
Pokemon Card Selling Tips and Strategies
Selling your Pokémon cards can be an exciting way to make extra money, but it’s important to have a little strategy so that you can make the most money and find the most buyers.
Here are some tips for selling your Pokémon cards successfully.
Determine the value of your cards. You should research how rare the card is, the origin, and the condition of your cards, as these factors will affect their worth. Keep an eye out for rare and valuable cards (such as first edition cards and illustrations), as these will attract more interest from collectors. Grading your cards can help with this process – professional grading services can rate the condition of your cards and encapsulate them in a case, increasing their value.
Consider where to sell your cards.There are numerous platforms for selling Pokémon cards online, such as eBay, where you can list your cards as single items or in an auction format. There are also more specialized Pokémon selling websites which are dedicated to trading cards. These sites often have dedicated communities of potential buyers who are very interested in Pokémon cards.
Write clear and accurate descriptions of your cards.You should always be clear and honest about your card’s condition. For example, are there any scratches or bends? Is there a tear or water damage?
Ship your cards carefully.Carefully package your Pokémon cards to protect your cards from damage during transit. You will want to keep your cards waterproof and not use rubber bands (rubber bands can damage the cards). Also, consider offering a tracking number and insurance to your buyer as an additional layer of security. Many of the Pokémon selling sites above have a very exact way they want you to ship the cards to them to prevent any damage, so be sure to see what their rules are.
By following these Pokémon card selling tips and tricks, you can increase the chances of finding the best places to sell your Pokémon cards.
Frequently Asked Questions
Here are answers to common questions about selling Pokémon cards.
How do I know if my Pokemon cards are worth money?
So, how do you know if the Pokémon cards that you have are worth anything? Many people have Pokémon cards, probably stuffed in a box somewhere, or maybe you came across some.
Whatever your reason is, yes, your Pokémon cards may be worth something.
Knowing the value of your Pokémon cards is important before selling, and there are a few key things to think about.
First, look at the rarity symbols on your cards: a circle indicates a common card, a square represents an uncommon card, and a star denotes a rare card. These symbols help you determine the rarity of your cards and their potential worth.
The condition of your cards also plays a big role in their value. Cards in mint condition, meaning they have no visible wear or damage, are worth more than cards with minor imperfections. Holographic cards, especially in mint condition, can be more valuable.
To take it a step further, you could even get your Pokémon cards professionally valued and graded by a reputable company like PSA. Grading involves a professional inspection of your card’s condition, assigning a numerical grade based on factors such as centering, corners, edges, and surface. The higher the graded number, the better the condition and, often, the higher the value.
Keep in mind that while Pokémon cards typically have higher values, other trading card games like Yu-Gi-Oh can also be valuable. Make sure to research the prices of similar cards sold recently, and compare the condition of your cards to decide if they’re worth selling.
How do I sell Pokemon cards for cash?
To sell your Pokémon cards for cash, first organize your cards by set and look for rare ones to see what you have. Once you’ve prepared your collection, follow the selling instructions on your chosen platform.
You can sell your Pokémon cards online, locally near you, and even in bulk.
Where can I find buyers for my Pokemon cards?
You can find buyers for your Pokémon cards on online marketplaces, local card shops, and social media groups. Websites like eBay and TCGplayer are popular places for selling Pokémon cards, as well as community forums and local collector’s events.
What are some reputable websites to sell Pokemon cards?
There are many reputable sites to sell Pokémon cards as we discussed above, such as:
eBay
Troll and Toad
Mercari
TCGplayer
Card Cavern
Dave & Adam’s
Pokémon Facebook Groups
Full Grip Games
Safari Zone
Sell2BBNovelties
Where is the best place to sell Pokemon cards?
The best place to sell your Pokémon cards depends on your preferences. eBay gives you a worldwide market and you are probably already familiar with their platform.
TCGplayer and Troll and Toad specialize in trading card sales and have a lot of Pokémon cards for sale.
Pokémon Facebook Groups are a great way to connect with those interested in Pokémon cards, and there are no listing fees – but you would be dealing with people on your own and handling everything yourself.
Are there any local stores that buy Pokemon cards?
Some local stores, like comic book shops, game stores, and pawn shops, may buy Pokémon cards. You can call local stores to see if they buy cards before bringing your collection in person.
Can you sell Pokemon cards on Etsy?
Etsy is generally geared towards handmade and vintage items, so it’s not an ideal platform for selling Pokémon cards. It’s best to stick with platforms like eBay, TCGplayer, or Troll and Toad for selling trading cards.
I did a search for Pokémon cards on Etsy and it said there were 43,326 results, but I think many of these are for custom art, in that they would be turning a picture of you or your pet into a Pokémon card. So, not the same thing.
Can I sell Pokemon cards on eBay?
Yes, you can sell Pokémon cards on eBay. It is one of the most popular sites for selling Pokémon cards and it gives you control over pricing and listing options.
Can you sell Pokemon cards at GameStop?
GameStop typically does not buy or sell individual Pokémon cards.
Do pawn shops buy Pokemon cards?
Some pawn shops may buy Pokémon cards, especially if they are valuable or rare. Call your local pawn shops or visit them in person to inquire about their interest in buying Pokémon cards. Remember, they do not specialize in Pokémon cards and have a smaller market, so you may not get as much for your Pokémon cards at a pawn store.
What does TCG and CCG mean?
As you’re going through the sites above looking for one of the best places to sell your Pokémon cards, you may come across these two terms. CCG means collectible card game and TCG means trading card game.
How can I determine the value of my Pokemon cards?
Figuring out the value of your Pokémon cards involves considering factors like:
rarity
condition
age
Websites like TCGplayer and Troll and Toad provide price guides and historical sales information to help you estimate the value of your cards.
How do I check the value of my Pokemon cards?
Check the value of your Pokémon cards by researching on websites like TCGplayer, eBay, and Pokémon Price. These platforms can give you a good idea of the current market value for individual cards.
Do you need a license to sell Pokemon cards?
You generally do not need a license to sell Pokémon cards, unless you’re planning to sell them by opening an in-person store. Check your local regulations to make sure you’re following any required guidelines.
How much is Charizard Pokemon card worth?
Charizard cards vary widely in value and can be worth anywhere from $25 to over $50,000. The Charizard Pokémon card that is worth the most is typically a mint condition 1st Edition from the base set.
What Pokemon cards are worth more than $100?
Some Pokémon cards worth more than $100 include rare Pokémon cards, such as first edition holographic cards from the original sets, high-grade cards, misprints, and promotional cards like the Pokémon Illustrator card.
What is the most expensive Pokemon card?
The most expensive Pokémon card varies over time; some examples include the Pokémon Illustrator card, the 1st Edition Charizard, or unique, one-of-a-kind promo cards handed out during official Pokémon events. The rarest Pokémon cards obviously cost more money and sell for more.
According to TCGplayer, the most expensive Pokémon cards include:
Pokémon World Championships No. 2 Trainer Promo
No. 2 Trainer Toshiyuki Yamaguchi (2000)
Neo Genesis 1st Edition Lugia (2000)
Super Secret Battle No. 1 Trainer (1999)
Family Event Trophy Kangaskhan (1998)
Test Print Blastoise Gold Border (1998)
Tsunekazu Ishihara Signed Promo (2017)
Trophy Pikachu No. 3 Trainer Bronze (1997)
Commissioned Presentation Blastoise Galaxy Star Holo (1998)
First Edition Shadowless Holographic Charizard #4 (1999)
Illustrator Pikachu (1998)
These were all sold for over $100,000 each.
Best Places To Sell Pokemon Cards – Summary
I hope you enjoyed this article on the best places to sell Pokémon cards and how to sell Pokémon cards for cash.
If you have Pokémon cards that you no longer want, there are many ways you can sell them. And, they may be worth a lot of money!
To figure out the value of the Pokémon cards that you want to sell, you’ll want to look at their rarity symbols, Pokémon card condition, grading (if applicable), and market comparisons. Understanding these factors will help you decide if your cards are worth selling and where to find the best prices.
Once your cards are sorted and evaluated, it’s now time to choose the best places to sell your Pokémon cards. Here are some popular options:
eBay – This site has millions of Pokémon cards sold every year. It’s a great place to find a worldwide audience, but remember to factor in shipping costs and eBay fees.
Facebook Marketplace and Pokémon Facebook Groups – Connect with local collectors or fans without worrying about shipping fees. This option may mean that you will meet the buyer in person.
Local comic shops – These stores can be an easy place to sell your cards, especially if they specialize in Pokémon cards or trading card games.
TCGplayer – Catering specifically to trading card game fans, this site has a dedicated space for buying and selling Pokémon cards.
Other options include Troll and Toad, Card Cavern, Dave & Adam’s, Sell2BBNovelties, pawn shops, and more.
Good luck selling your Pokémon cards!
What do you think is the best place to sell Pokemon cards for cash?
The Empire State’s real estate market is a bit of a mixed bag. On the one hand, parts of New York City and the Hamptons are among the priciest housing markets in the entire country. But the rest of the state, which is quite large, is full of cities like Buffalo, Rochester and Syracuse, all of which have median home prices of just $200,000 or less (according to July Redfin data).
Whether you’re buying in Long Island or selling in Lake Placid, there’s one part of the real estate transaction that you can’t avoid: closing costs. Here’s what to expect when it comes to closing costs in New York.
How much are closing costs in New York?
Closing costs vary by state, and New York is on the high side with an average rate of 3.1 percent of a home’s sale price, according to CoreLogic’s ClosingCorp. By comparison, Connecticut’s rate is 2.1 percent and New Jersey’s is 1.7 percent.
Data from the New York State Association of Realtors shows that July 2023’s median sale price for the state was an even $400,000. Applying the rate of 3.1 percent, that means closing costs of $12,400.
That number will vary greatly depending on home prices in your local market, though, and prices tend to get higher the closer you get to New York City. According to Redfin, the July median in Westchester County, just north of the city, was $770,000, which would result in closing costs of $23,870. But in Potsdam, not far from the Canadian border, the median is just $175,000, meaning closing costs of $5,425.
Who pays closing costs in New York, buyers or sellers?
Whether you’re buying or selling in the New York housing market, You will be responsible for some amount of closing costs.
Closing costs for buyers
As a homebuyer, most of your closing costs will relate to your mortgage loan. Here are some of the most common closing costs for buyers:
Loan-related fees: Many lenders charge borrowers loan application and origination fees, as well as a fee to check your credit history. If you are paying points on your mortgage, which typically bumps down your interest rate by 0.25 percent for every 1 percent of your loan amount, that fee will be part of your closing costs as well.
Appraisal and inspection fees: Your lender will likely require a professional home appraisal to confirm the home’s value (and make sure it’s worth at least the amount you’re borrowing). It’s smart, but not required, to get a professional home inspection as well. This will alert you to any problems with the home and property before they become your problem. If a major problem is discovered, you may be able to use it as a negotiation point. Expect each to run a few hundred dollars.
Title-related fees: Similar to a background check, a title search is conducted to confirm ownership and make sure that there are no liens or claims on the property. Title insurance protects you (as the new owner) and the lender if any issues arise after the deed is transferred. In some states, the seller pays for title insurance, but in New York, it’s typically the buyer. The cost will depend on your loan amount.
Taxes: At closing, you’ll likely need to prepay a portion of the year’s property taxes as determined by your local jurisdiction. These funds will be held in escrow and distributed on your behalf. Sellers pay for the base transfer tax in New York, but if you’re buying a home for over $1,000,000, you’ll be on the hook for an additional fee in the form of the state’s mansion tax, which starts at 1 percent of the sale price and gets higher the more expensive a home gets.
Attorney fees: The state of New York requires both homebuyers and sellers to be represented by an attorney at closing, so add legal fees to the list.
Closing costs for sellers
Sellers aren’t off the hook just because they’re not taking out a mortgage. Here are some of the most common closing costs for sellers:
Agent commissions: Realtor fees will be your largest expense when selling your home. Commissions typically run between 5 and 6 percent of a home’s sale price, which means the amount can be steep. On a median-priced $400,000 home, 5 percent comes to $20,000.
Transfer taxes: As the seller, you’ll need to pay New York’s real estate transfer tax, which is $2 for every $500 in home value. On a median priced $400,000 home, that’s $1,600. In New York City, an additional city tax applies.
Attorney fees: The state of New York requires both homebuyers and sellers to be represented by an attorney at closing.
Seller concessions: If you made any concessions to the buyer, such as offering to pay for a repair, they’ll be settled at closing time and taken out of the sale price.
Wire transfer fee: If there’s a balance left on your mortgage, it will be taken out of your sale proceeds and wired to your lender. There may be a fee for this.
Lowering your closing costs in New York
You might be surprised to learn that many closing costs are negotiable (except for government-assessed fees like property and transfer taxes, of course).
For home sellers, your most expensive cost is also one of the most commonly negotiated: the Realtor commission. If your agent is willing to lower their commission by even a little, it could save you a lot. For example, a 5.5 percent commission on a median-priced $400,000 home, rather than the full 6 percent, will save you $2,000.
Buyers can explore down payment assistance programs, which help cover closing expenses for qualified buyers via low- or no-interest loans, grants and more. There are options specifically for first-time homebuyers in New York as well. And remember that different lenders may offer different rates, terms and fee structures, so be sure to shop around for the best deal. Don’t be afraid to ask the seller for concessions, either. They might not agree to pay for that plumbing repair (for example), but it doesn’t hurt to ask.
Find a local real estate agent
New York’s real estate market is unique and complex, and the best way to navigate it is with the help of an experienced local real estate agent. If you don’t have one, a great place to start is by asking for referrals from friends and family. Do some online research, too. Interview a few different candidates to find someone who’s a good fit — and if you can find someone who knows your specific area very well, or even your specific neighborhood, all the better.
FAQs
According to data from ClosingCorp, closing costs in New York average 3.1 percent of a home’s sale price (not including agent commissions). The median price in the state was $400,000 as of July, per the New York State Association of Realtors, so the closing costs on a median-priced home would come to $12,400.
Real estate agent commissions, typically paid by the seller, are the most expensive part of closing costs, typically totaling between 5 and 6 percent of a home’s sale price. For a median-priced $400,000 New York home, 5 percent comes to $20,000.
Perhaps not surprisingly, eight of the 10 most expensive housing markets in the nation can be found in California, at least according to the latest Home Price Comparison Index from Coldwell Banker.
The real estate company evaluated average home values for select 2,200 square foot single-family homes with four bedrooms and two-and-a-half baths in 315 markets in the U.S., finding that La Jolla, CA was the most expensive at $1,841,667.
On the other end of the affordability spectrum was Sioux City, Iowa, where a comparable home would cost just $133,459, despite its waterfront status on the Mississippi River.
The California vs. Midwest trend runs deep, with eight of the most affordable homes found in the heartland of the United States.
Notables include Akron, Ohio, Arlington, TX, and Eau Claire, WI, where all the homes average a sales price below $150,000.
In California, places like San Francisco, Beverly Hills, and Newport Beach topped the list, all with prices above $1.5 million.
Aside from California cities dominating the least affordable list, Greenwich, CT and Boston, MA also made the top ten, with sales prices of $1,787,000 and $1,493,750, respectively.
Of course, you needn’t be a multi-millionaire to live in California, that is, if you choose to live in the most affordable city, Bakersfield, where the average sales price runs at a more reasonable $273,457.
But if you want more freedom to choose, consider Idaho, where the home price variance between the most affordable and least affordable market is just $217.
Coldwell said the cumulative average sales price for the four-bedroom homes tracked in the index was $403,738, a 4.4 percent discount to the $422,343 price in the 2007 study.
Hawaii, with its lush landscapes, volcanic terrains, and mesmerizing beaches, offers a unique backdrop for the real estate market. The home inspection process here isn’t just routine—it’s essential. For prospective buyers, a home inspection not only reveals a property’s interaction with the unique Hawaiian environment but also offers a comprehensive view of its overall condition and potential challenges. Sellers, on the other hand, find value in providing clarity about their property’s strengths and vulnerabilities.
So whether you’re buying a home in Honolulu or selling a home in Waipahu, this Redfin article has everything you need to know about getting a home inspection in Hawaii, along with insights from local home inspectors themselves. Let’s get started.
ejs9 via Getty Tmages
Why should you get a home inspection in Hawaii?
“A Home Inspection initiated by the seller will increase the confidence of the buyer, reduce the time on the market, and lower the unknown risks faced by the buyer,” shares Inspect Hawaii.”A good analogy is the game of poker versus chess. In poker, cards are hidden from both parties to enable bluffing and guessing as part of the game. In chess, all the chess pieces of both parties are on the chess board and there is full transparency of information. A seller’s inspection is like playing chess instead of the current process which is akin to playing poker.”
“Buying a home in Hawaii, which is one of the most expensive and competitive places to live, can be a very emotional and difficult process,” shares Building Specs Hawaii. “Hiring qualified professionals, like an experienced home inspector, can help to alleviate some of the stresses and uncertainties that often arise. A professional home inspection provides valuable insight into a home and its components allowing buyers to better understand their potential new home and to best determine if it is the right one for them.”
Are there any specialized inspections that Hawaii buyers should consider?
In Hawaii, the tropical paradise known for its diverse landscapes and unique ecosystems, home buyers should be aware of specialized inspections that cater to the islands’ distinct conditions. Given Hawaii’s proximity to the ocean, a salt mist assessment can be valuable, as salt-laden air can accelerate corrosion on properties, especially metal components. Homes located in areas prone to volcanic activity might benefit from a geothermal risk evaluation. Additionally, given the high humidity levels, checking for mold or moisture damage is vital, particularly in enclosed spaces like basements.
“A home inspection in Hawaii is of paramount importance due to the unique environmental factors that affect properties in this tropical paradise,”says Square One Home Inspections. “The state’s high humidity levels can lead to hidden issues like mold and mildew, which may go unnoticed by the untrained eye. It is highly recommended that a home buyer to also complete a proper mold inspection.”
The state’s tropical climate can lead to pests like termites, making a comprehensive pest inspection critical.
“Termites are insidious. They can infest a house for months without being detected. In Hawaii there are two types of termites, similar in appearance but completely different in how they become established, the type of damage they do, the extent of the damage and how quickly the damage occurs,” shares Entomologist, Jamie Neely.
“Indications of infestations that are in their infancy are subtle and it takes an experienced eye to notice. Some types of construction are much more prone to infestation. Some areas of the islands have greater levels of infestation. Some high-rise buildings are more susceptible to infestation based on the design.”
“Termites are insidious. They can infest a house for months without being detected. In Hawaii there are two types of termites, similar in appearance but completely different in how they become established, the type of damage they do, the extent of the damage and how quickly the damage occurs,” shares Entomologist, Jamie Neely.
“Indications of infestations that are in their infancy are subtle and it takes an experienced eye to notice. Some types of construction are much more prone to infestation. Some areas of the islands have greater levels of infestation. Some high-rise buildings are more susceptible to infestation based on the design.”
Are home inspections required in Hawaii?
“I have been Inspecting properties on Oahu for over 20 years and you wouldn’t believe the flaws I have come across. I highly recommend home buyers hire a Home Inspector before their purchase although Hawaii does not require it,” recommends Akamai Home Inspection.
How much does a home inspection cost in Hawaii?
The cost of a home inspection in Hawaii can vary depending on several factors, including the location, size, and age of the property, as well as the specific services included in the inspection. On average, home inspections in Hawaii typically range from $400 to $800 or more. It’s essential to obtain quotes from qualified home inspectors in your area to get a precise estimate tailored to your property’s unique characteristics and the level of inspection detail you require. Keep in mind that while the upfront cost may vary, a thorough home inspection is a valuable investment in ensuring the condition and safety of your prospective home.
Can you sell a house in Hawaii without an inspection?
“You can sell your home in Hawaii without having a home inspection, but should you? It depends on many factors but we would recommend having a pre listing inspection to reduce the anxiety that comes with not knowing the outcome during the contingency period,” shares Architect Inspection Systems, Inc.. “It also gives you the opportunity to stand out as a seller by handing the buyers a detailed report on the condition of the home upfront, showing the confidence you have in your offer for sale.”
Hawaii home inspection: the bottom line
In the unique environment of Hawaii, home inspections take on special significance. At the heart of it, a thorough home inspection in Hawaii is not just about ensuring a sound investment; it’s about understanding and respecting the delicate balance of nature and construction in this tropical haven.
