Aloha! For many, Maui is more than a place. It is a philosophy and a state of mind.
Maui represents roughly 12% of Hawaii's population and jobs. Visitors to Maui quickly acclimatize to the sun, the sand and the friendly 'aloha' attitude. For many of our visitors, thoughts turn to whether living on Maui is within the realm of possibility. We see you looking at our real estate listings and chatting with the locals about jobs! If you want to learn a little more about the employment scene, this is the article for you.
Maui County - Key Statistics
The most recent information for Maui comes from the Federal Government's 2010 census and the annual "Maui County Data Book". At the end of 2010, Maui was home to 154,834 full time residents, which represents an increase of 21% from 2000. At the some time, there were 64,200 full time jobs. The unemployment rate at the end of 2012 was 5.2%, which indicates that the economy has recovered from the 2008/9 economic downturn when unemployment peaked at 9.5%. During 2011, the industries that provided the most number of jobs were travel and tourism (33% of total jobs, or 21,100 actual jobs), retail services (14%/9,100), and government (14%/8,900). Most of the rest of the employment landscape includes Professional Services (10%/6,400), Private Health Care (8%/5,100), Construction (4%/3,200), Finance (4%/2,600), Agriculture (3%/1,600), Private Education (2%/1,200), and Technology (1%/600).
Finding a Six Figure Job on Maui
1. Buy a Franchise
If you have ever thought of becoming your own boss, purchasing a franchise provides a safety net as you execute against a proven business model. Established franchises have both brand recognition and a documented way to operate the business, whereas starting a business from scratch has neither. Franchises also have territorial rights; therefore, you can guarantee that you will be the exclusive provider of services within a specific geographic area. Franchisors also have relationships with various lenders should you need financial help. If you have the entrepreneurial spirit and meet the experience requirements of the Franchisor, owning your own company is an option. One word of caution on franchises - if you have not heard of it, you probably don't want to own it. It is worth your while to stick with the Top 500 Franchises as ranked by Entrepreneur.com.
2. Work from Home
The internet has changed our world for the better. Two decades ago, people did not have the option of working online or telecommuting via skype. Many who live on Maui earn their income by working at home, whether they are an independent contractor for a major firm or an internet entrepreneur who earns advertising commission from blogging or iPhone apps. For those with a keen interest in technology, starting an online business is a great start on the road to financial independence. It will take time to build a business to a point where you can afford to live on Maui, but there is no time like the present if you are truly motivated.
3. Professional Jobs
There is a decent sized Professional service industry on Maui, and these roles (management, lawyers, doctors, accountants, architects, engineers, etc.) tend to pay the highest. For those who need extra motivation to fulfill a professional designation, I can't imagine better incentive than being able to practice on Maui. If you are an accredited professional, you can find a complete listing of hundreds of job openings at the Maui Job Board.
Mahalo
Maui represents roughly 12% of Hawaii's population and jobs. Visitors to Maui quickly acclimatize to the sun, the sand and the friendly 'aloha' attitude. For many of our visitors, thoughts turn to whether living on Maui is within the realm of possibility. We see you looking at our real estate listings and chatting with the locals about jobs! If you want to learn a little more about the employment scene, this is the article for you.
Maui County - Key Statistics
The most recent information for Maui comes from the Federal Government's 2010 census and the annual "Maui County Data Book". At the end of 2010, Maui was home to 154,834 full time residents, which represents an increase of 21% from 2000. At the some time, there were 64,200 full time jobs. The unemployment rate at the end of 2012 was 5.2%, which indicates that the economy has recovered from the 2008/9 economic downturn when unemployment peaked at 9.5%. During 2011, the industries that provided the most number of jobs were travel and tourism (33% of total jobs, or 21,100 actual jobs), retail services (14%/9,100), and government (14%/8,900). Most of the rest of the employment landscape includes Professional Services (10%/6,400), Private Health Care (8%/5,100), Construction (4%/3,200), Finance (4%/2,600), Agriculture (3%/1,600), Private Education (2%/1,200), and Technology (1%/600).
Finding a Six Figure Job on Maui
1. Buy a Franchise
If you have ever thought of becoming your own boss, purchasing a franchise provides a safety net as you execute against a proven business model. Established franchises have both brand recognition and a documented way to operate the business, whereas starting a business from scratch has neither. Franchises also have territorial rights; therefore, you can guarantee that you will be the exclusive provider of services within a specific geographic area. Franchisors also have relationships with various lenders should you need financial help. If you have the entrepreneurial spirit and meet the experience requirements of the Franchisor, owning your own company is an option. One word of caution on franchises - if you have not heard of it, you probably don't want to own it. It is worth your while to stick with the Top 500 Franchises as ranked by Entrepreneur.com.
2. Work from Home
The internet has changed our world for the better. Two decades ago, people did not have the option of working online or telecommuting via skype. Many who live on Maui earn their income by working at home, whether they are an independent contractor for a major firm or an internet entrepreneur who earns advertising commission from blogging or iPhone apps. For those with a keen interest in technology, starting an online business is a great start on the road to financial independence. It will take time to build a business to a point where you can afford to live on Maui, but there is no time like the present if you are truly motivated.
3. Professional Jobs
There is a decent sized Professional service industry on Maui, and these roles (management, lawyers, doctors, accountants, architects, engineers, etc.) tend to pay the highest. For those who need extra motivation to fulfill a professional designation, I can't imagine better incentive than being able to practice on Maui. If you are an accredited professional, you can find a complete listing of hundreds of job openings at the Maui Job Board.
Mahalo
About the Author:
Ryan Kalani runs the Maui Job Board, where people seeking their dream job come together with Maui's best employers. If you are interested in working on Maui, the Maui Job Board has hundreds of current job openings, employer profiles, and tips on finding your dream job.
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