Cost Of Living In Kalaoa, HI

Kalaoa 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.
Index	Kalaoa	Hawaii	National
Cost of living index	163	175	100
Index	Kalaoa	Hawaii	National
Goods & Services index	128	127	100
Groceries index	146	155	100
Health care index	117	115	100
Housing index	209	247	100
Transportation index	135	134	100
Utilities index	211	207	100

Here we can see a simple outline of the cost of living in Kalaoa, HI. As you can see, with the average cost of living in Kalaoa, HI being 163, that puts it 7% lower than the average of Hawaii and 63% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Kalaoa, HI, the price of goods and services are 1% higher than the average of Hawaii as well as 28% higher than the nation's average.

Did you know?

The cost of living in Kalaoa is 7% lower than the Hawaii average.
The cost of living in Kalaoa is 63% higher than the national average.
The cost of housing in Kalaoa is 109% 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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Salary Calculator

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Kalaoa, HI to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Kalaoa, HI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Kalaoa, HI salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$74,973	$6,248	$1,749	$2,249
Renters	$42,768	$3,564	$998	$1,283

One can approximate the cost of living and the housing affordability in Kalaoa, HI by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Kalaoa, HI have a median income of $74,973. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,749 per month to avoid calamity and poverty. The renters in the city have an income of about $42,768, which would make their monthly maximum allowable rental costs $998.

Hawaii Sales Tax

State	General Sales Tax	With Max Surtax
Hawaii	4%	4.5%

Hawaii Income Tax

State	Income Tax (Low)	Income Tax (High)
Hawaii	1.4%	11%

When you are determining the total cost of living in Kalaoa, HI you will want to make sure you consider both the Hawaii sales tax and the Hawaii income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Hawaii is 4%, with the highest surtax being 4.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Hawaii have a range from 1.4% to 11%.

Goods & Services

Item	Kalaoa	National avg.	Difference
Haircut	$11.69	$15.56	24.9%
Beauty Salon	$31.18	$36.11	13.7%
Toothpaste	$4.12	$2.47	66.5%
Shampoo	$1.67	$0.96	73.0%
Movie	$9.96	$10.13	1.7%
Bowling	$14.00	$4.74	195.6%

Groceries

Item	Kalaoa	National avg.	Difference
Ground Beef	$4.17	$3.98	4.7%
Fried Chicken	$2.08	$1.41	48.0%
Milk	$3.17	$2.06	53.6%
Potatoes	$4.22	$2.98	41.5%
Pizza	$12.13	$9.47	28.0%
Beer	$7.73	$8.79	12.1%

Health Care

Item	Kalaoa	National avg.	Difference
Optometrist	$135.24	$101.04	33.8%
Doctor	$128.91	$107.44	20.0%
Dentist	$106.96	$90.42	18.3%
Ibuprofen	$12.87	$9.28	38.7%
Lipitor	$396.13	$426.50	7.1%

Housing

Item	Kalaoa	National avg.	Difference
Home Price	$417,400.00	$175,700.00	137.6%
Avg. Mortgage Payment	$1,842.92	$1,133.23	62.6%
Apartment Rent	$1,300.00	$920.00	41.3%

Transportation

Item	Kalaoa	National avg.	Difference
Gasoline	$2.52	$1.99	26.3%
Tire Balancing	$70.58	$45.76	54.2%

Utilities

Item	Kalaoa	National avg.	Difference
All Electricity	$435.76	$163.81	166.0%
Phone	$39.10	$28.39	37.8%

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, State	Population	Cost of Living Index	National Avg.
Honalo, HI	2,822	150	50%
Kealakekua, HI	1,953	153	53%
Waikoloa Village, HI	6,841	160	60%
Holualoa, HI	9,098	166	66%
Kahaluu-Keauhou, HI	3,807	170	70%
Kalaoa, HI	10,257	163	63%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Newberry, SC	10,259	92	-8%
Satellite Beach, FL	10,262	110	10%
Watervliet, NY	10,250	100	0%
Jennings, LA	10,265	82	-18%
River Grove, IL	10,268	108	8%
Kalaoa, HI	10,257	163	63%

Source: The Kalaoa, HI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Kalaoa, HI Cost of Living