Holualoa cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHolualoaHawaiiNational
Cost of living index172179100
IndexHolualoaHawaiiNational
Goods & Services index130126100
Groceries index158156100
Health care index112111100
Housing index218247100
Transportation index153153100
Utilities index238227100
A general overview of the cost of living index for Holualoa, HI is displayed above. In Holualoa, HI, the overall cost of living index is 172, which is 3% lower than the Hawaii average and 72% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Holualoa, HI, the city's goods and services are 3% higher than the Hawaii average and 30% higher than the U.S. average.

Did you know?

  • The cost of living in Holualoa is 3% lower than the Hawaii average.
  • The cost of living in Holualoa is 72% higher than the national average.
  • The cost of housing in Holualoa is 118% higher than the national average.
  • Hawaii general sales tax is 21% lower than the national average.
  • Hawaii state income tax is 37% lower than the national average.

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Compare Holualoa, HI Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Holualoa, HI to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Holualoa, HI, you have to earn a higher income in order to still have the same standard of living. To operate the Holualoa, HI salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$74,367$6,197$1,735$2,231
Renters$58,160$4,847$1,357$1,745
The affordability of the housing market in Holualoa, HI as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Holualoa, HI homeowners, the median income is $74,367. This indicates that a monthly maximum of $1,735 should be spent by homeowners on all housing related costs. Renters have a median income of $58,160. This indicates that renters should have a maximum of $1,357 used for their rent related monthly costs.

Hawaii Sales Tax

StateGeneral Sales TaxWith Max Surtax
Hawaii4%4.5%

Hawaii Income Tax

StateIncome Tax (Low)Income Tax (High)
Hawaii1.4%11%
When assessing the complete cost of living in Holualoa, HI, the Hawaii income tax and the Hawaii sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Hawaii maximum surtax is 4.5%, and the Hawaii sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.4% to 11% in Hawaii.

Goods & Services

ItemHolualoaNational avg.Difference
Haircut $11.50$14.5921.2%
Beauty Salon $30.00$34.6813.5%
Toothpaste $4.07$2.4764.6%
Shampoo $1.63$1.0259.5%
Movie $9.97$9.871.0%
Bowling $12.00$4.39173.2%

Groceries

ItemHolualoaNational avg.Difference
Ground Beef $4.13$4.487.7%
Fried Chicken $1.98$1.4635.2%
Milk $3.09$2.3631.1%
Potatoes $4.31$3.0640.8%
Pizza $11.99$9.2429.7%
Beer $7.85$8.639.1%

Health Care

ItemHolualoaNational avg.Difference
Optometrist $135.33$99.7835.6%
Doctor $125.67$105.0319.6%
Dentist $106.67$88.7020.3%
Ibuprofen $12.65$9.4134.4%
Lipitor $232.33$298.5022.2%

Housing

ItemHolualoaNational avg.Difference
Home Price $436,700.00$175,700.00148.5%
Avg. Mortgage Payment $1,706.92$1,081.0357.9%
Apartment Rent $1,343.00$920.0046.0%

Transportation

ItemHolualoaNational avg.Difference
Gasoline $3.19$2.0952.6%
Tire Balancing $70.00$45.2954.6%

Utilities

ItemHolualoaNational avg.Difference
All Electricity$530.16$170.80210.4%
Phone $38.99$28.2638.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Honalo, HI2,82215656%
Kealakekua, HI1,95316060%
Kalaoa, HI10,25717070%
Honaunau-Napoopoo, HI2,79217070%
Captain Cook, HI4,26517777%
Holualoa, HI9,09817272%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sugar Grove, IL9,09611414%
Tiburon, CA9,100222122%
Springfield, FL9,09583-17%
Fairview, OR9,09411313%
Sturgeon Bay, WI9,09392-8%
Holualoa, HI9,09817272%
Source: The Holualoa, HI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.