Waikele 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.
IndexWaikeleHawaiiNational
Cost of living index167179100
IndexWaikeleHawaiiNational
Goods & Services index122126100
Groceries index154156100
Health care index110111100
Housing index216247100
Transportation index153153100
Utilities index217227100
Displayed above is a general overview of the Waikele, HI cost of living index. The overall cost of living index in Waikele, HI is 167, which is 7% lower than the Hawaii average and 67% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Waikele, HI are 3% lower than the Hawaii average and 22% higher than the national average.

Did you know?

  • The cost of living in Waikele is 7% lower than the Hawaii average.
  • The cost of living in Waikele is 67% higher than the national average.
  • The cost of housing in Waikele is 116% 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 Waikele, HI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Waikele, HI to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Waikele, HI, then you would need to earn more income in order to maintain the same standard of living. To use the Waikele, HI salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$107,273$8,939$2,503$3,219
Renters$82,350$6,863$1,921$2,471
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Waikele, HI as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Waikele, HI homeowners, is $107,273. This would allow for a maximum of $2,503 per month to be spent on housing costs. For renters, the median monthly income is $82,350 which would result in a maximum of $1,921 to be spent on rental costs.

Hawaii Sales Tax

StateGeneral Sales TaxWith Max Surtax
Hawaii4%4.5%

Hawaii Income Tax

StateIncome Tax (Low)Income Tax (High)
Hawaii1.4%11%
For those who live in Waikele, HI and want to know what the true cost of living is, they ought to look at both the Hawaii income tax rate and the Hawaii sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Hawaii, the sales tax is 4%, while the most you'll pay in surtax is 4.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Hawaii, the income tax rate ranges between 1.4% to 11%.

Goods & Services

ItemWaikeleNational avg.Difference
Haircut $15.80$14.598.3%
Beauty Salon $51.00$34.6847.1%
Toothpaste $3.69$2.4749.2%
Shampoo $1.52$1.0248.7%
Movie $11.30$9.8714.5%
Bowling $3.60$4.3918.0%

Groceries

ItemWaikeleNational avg.Difference
Ground Beef $4.97$4.4811.0%
Fried Chicken $2.19$1.4649.6%
Milk $3.67$2.3655.7%
Potatoes $6.48$3.06111.7%
Pizza $11.99$9.2429.7%
Beer $8.69$8.630.7%

Health Care

ItemWaikeleNational avg.Difference
Optometrist $159.23$99.7859.6%
Doctor $119.55$105.0313.8%
Dentist $101.93$88.7014.9%
Ibuprofen $13.62$9.4144.7%
Lipitor $223.59$298.5025.1%

Housing

ItemWaikeleNational avg.Difference
Home Price $389,100.00$175,700.00121.5%
Avg. Mortgage Payment $3,260.98$1,081.03201.7%
Apartment Rent $1,867.00$920.00102.9%

Transportation

ItemWaikeleNational avg.Difference
Gasoline $3.35$2.0960.0%
Tire Balancing $60.40$45.2933.4%

Utilities

ItemWaikeleNational avg.Difference
All Electricity$509.58$170.80198.4%
Phone $28.95$28.262.5%
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.
Makaha Valley, HI1,30713232%
Nanakuli, HI12,18114747%
Makaha, HI8,66315151%
Waianae, HI12,69415151%
Waipio Acres, HI4,80715757%
Waikele, HI7,86816767%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Colonie, NY7,86911313%
Cushing, OK7,87081-19%
Caldwell, NJ7,86414141%
Conshohocken, PA7,86412727%
West Haven-Sylvan, OR7,86113737%
Waikele, HI7,86816767%
Source: The Waikele, HI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.