## Aiea cost of living index

 Index Aiea Hawaii National Cost of living index 201 176 100 Index Aiea Hawaii National Goods & Services index 126 127 100 Groceries index 161 156 100 Health care index 120 120 100 Housing index 341 250 100 Transportation index 136 141 100 Utilities index 185 194 100
Here we can see a simple outline of the cost of living in Aiea, HI. As you can see, with the average cost of living in Aiea, HI being 201, that puts it 15% higher than the average of Hawaii and 101% 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 Aiea, HI, the price of goods and services are 1% lower than the average of Hawaii as well as 26% higher than the nation's average.

## Did you know?

• The cost of living in Aiea is 15% higher than the Hawaii average.
• The cost of living in Aiea is 101% higher than the national average.
• The cost of housing in Aiea is 241% higher than the national average.
• Hawaii general sales tax is 18% lower than the national average.
• Hawaii state income tax is 37% lower than the national average.

## Salary Calculator

Use the salary calculator to compare your current income in Aiea, HI to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Aiea, HI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Aiea, HI salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

## Median Income & Debt-To-Income Ratio

 Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI) Owners \$124,531 \$10,378 \$2,906 \$3,736 Renters \$79,612 \$6,634 \$1,857 \$2,389
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Aiea, HI, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Aiea, HI homeowners have a median income of \$124,531. Using that number, you will come up with a maximum of \$2,906 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is \$79,612, which means there is a maximum of \$1,857 to be spent on the costs of renting a home or apartment.

## Hawaii Sales Tax

 State General Sales Tax With Max Surtax Hawaii 4.166% 4.712%

## Hawaii Income Tax

 State Income Tax (Low) Income Tax (High) Hawaii 1.4% 8.25%
For those who live in Aiea, 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 4.166%, while the most you'll pay in surtax is 4.712%. 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 8.25%.

## Goods & Services

 Item Aiea National avg. Difference Haircut \$17.80 \$17.49 1.8% Beauty Salon \$72.00 \$38.17 88.6% Toothpaste \$3.62 \$2.32 56.0% Shampoo \$1.76 \$1.01 73.9% Movie \$12.24 \$10.72 14.1% Bowling \$18.20 \$13.86 31.3%

## Groceries

 Item Aiea National avg. Difference Ground Beef \$5.11 \$3.90 31.0% Fried Chicken \$2.14 \$1.40 53.3% Milk \$3.92 \$1.96 99.8% Potatoes \$10.17 \$3.18 219.5% Pizza \$13.99 \$10.39 34.6% Beer \$9.59 \$9.23 3.9%

## Health Care

 Item Aiea National avg. Difference Optometrist \$176.10 \$106.34 65.6% Doctor \$149.60 \$115.25 29.8% Dentist \$102.00 \$98.38 3.7% Ibuprofen \$13.41 \$9.26 44.8% Lipitor \$531.25 \$466.47 13.9%

## Housing

 Item Aiea National avg. Difference Home Price \$732,600.00 \$184,700.00 296.6% Avg. Mortgage Payment \$4,947.54 \$1,273.32 288.6% Apartment Rent \$1,993.00 \$949.00 110.0%

## Transportation

 Item Aiea National avg. Difference Gasoline \$3.60 \$2.59 38.9% Tire Balancing \$65.80 \$48.90 34.6%

## Utilities

 Item Aiea National avg. Difference All Electricity \$430.16 \$167.60 156.7% Phone \$173.45 \$163.42 6.1%
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. Kalaeloa, HI 8 142 42% Nanakuli, HI 12,042 147 47% Waipio Acres, HI 5,169 153 53% Kailua CDP (Hawaii County), HI 13,617 157 57% Waimalu, HI 13,478 157 57% Aiea, HI 9,594 201 101%

## Cities with similar population

 City, State Population Cost of Living Index National Avg. Astoria, OR 9,595 115 15% Bristol, PA 9,593 105 5% Country Club, CA 9,597 104 4% Rainbow City, AL 9,590 88 -12% Hermantown, MN 9,599 111 11% Aiea, HI 9,594 201 101%
Source: The Aiea, HI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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