Wailua Homesteads 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.
IndexWailua HomesteadsHawaiiNational
Cost of living index190179100
IndexWailua HomesteadsHawaiiNational
Goods & Services index122126100
Groceries index154156100
Health care index110111100
Housing index293247100
Transportation index153153100
Utilities index217227100
An overview of the general cost of living index for Wailua Homesteads, HI is displayed above for your reference. Residents in Wailua Homesteads, HI enjoy a cost of living index of 190. This index is 6% higher than the Hawaii average, and 90% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Wailua Homesteads, HI, the average cost of goods and services is 3% lower than it is in Hawaii, and it is 22% higher than the national average.

Did you know?

  • The cost of living in Wailua Homesteads is 6% higher than the Hawaii average.
  • The cost of living in Wailua Homesteads is 90% higher than the national average.
  • The cost of housing in Wailua Homesteads is 193% 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 Wailua Homesteads, HI Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Wailua Homesteads, HI would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Wailua Homesteads, HI, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Wailua Homesteads, HI salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,715$6,810$1,907$2,452
Renters$52,917$4,410$1,235$1,588
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Wailua Homesteads, HI, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Wailua Homesteads, HI has a median income of about $81,715 for people who own homes. Based on that number, a person should spend a maximum of $1,907 on expenses related to housing. Renters have a slightly different median income, which is $52,917. Based on this average, renters should spend no more than $1,235 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Hawaii Sales Tax

StateGeneral Sales TaxWith Max Surtax
Hawaii4%4.5%

Hawaii Income Tax

StateIncome Tax (Low)Income Tax (High)
Hawaii1.4%11%
When you are determining the total cost of living in Wailua Homesteads, 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

ItemWailua HomesteadsNational 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

ItemWailua HomesteadsNational 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

ItemWailua HomesteadsNational 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

ItemWailua HomesteadsNational avg.Difference
Home Price $619,300.00$175,700.00252.5%
Avg. Mortgage Payment $3,260.98$1,081.03201.7%
Apartment Rent $1,405.00$920.0052.7%

Transportation

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

Utilities

ItemWailua HomesteadsNational 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.
Anahola, HI2,12215555%
Puhi, HI3,57215656%
Waimea CDP (Kauai County), HI1,85916363%
Hanapepe, HI2,48815959%
Eleele, HI2,72316161%
Wailua Homesteads, HI5,52119090%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lake Mathews, CA5,51812828%
Naval Academy, MD5,51713434%
Anamosa, IA5,52684-16%
Brady, TX5,51581-19%
Stroudsburg, PA5,5281099%
Wailua Homesteads, HI5,52119090%
Source: The Wailua Homesteads, HI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.