HONOLULU (KHON2) -- Hawaiʻi is not known as a cheap place. Whether you're a tourist from the continent who can't really afford to do much once you're here or a resident who climbs the cost of living mountain on a daily basis, Hawaiʻi is expensive. In fact, Hawaiʻi ranks first in the United Sta tes for the overall tax burden. This means residents pay a higher percentage of their income in taxes than in most other states. KHON2.com decided to break down what this means for Hawaiʻi and how we compare to other states. When we say tax burden, we are referring to the percentage of a person’s total income that goes toward state and local taxes. Hawaiʻi's overall tax burden is 13.92%; that means we pay the highest in the nation. This includes three main types of taxes that we pay: property taxes, individual income taxes and sales and excise taxes. Get Hawaii's latest morning news delivered to your inbox, sign up for News 2 You Hawaiʻi's tax structure is unique in that we rely heavily on sales and excise taxes -- which make up the largest portion of the state's tax burden -- to offset the lack of taxes from various industries. In fact, Hawaiʻi has the highest sales and excise tax burden in the country, with residents paying 7.17% of their income in these taxes. While property taxes in Hawaiʻi are relatively low compared to other states, ranking 31st at just 2.57%, the individual income tax burden is high and bring Hawaiʻi into the 5th place spot with 4.18%. Hawaiʻi’s sales and excise taxes are especially important because of how much they contribute to the overall tax burden. This type of tax hits residents' wallets every time they buy something and makes it a key factor in the state's finances. You can click here to read the report. Get news on the go with KHON 2GO, KHON's morning podcast, every morning at 8 Hawaiʻi has the highest overall tax burden in the U.S. because of our reliance on sales taxes and income tax. So, visitors and residents alike need to be aware of the higher costs associated with living in or traveling to Hawaiʻi. ...read more read less