F
48%
Overall NAT. AVG.
27%
Goods & Services NAT. AVG.
92%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Kailua CDP (Hawaii County) Hawaii National
Cost of living148173100
Goods & Services127130100
Groceries117137100
Health care123126100
Housing192250100
Transportation135143100
Utilities151180100

An Overview of Cost of Living in Kailua CDP (Hawaii County), HI

Knowing the cost of living in Kailua CDP (Hawaii County) allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Kailua CDP (Hawaii County) stands at 148, marking it 48% higher than the national average.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Kailua CDP (Hawaii County) is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Kailua CDP (Hawaii County) falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs make up a big chunk of the cost of living in Kailua CDP (Hawaii County), and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 91.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Kailua CDP (Hawaii County), you can expect to pay 26.8% more than average for these items, making it a more expensive place to live.

The relentless increase in grocery prices is a noteworthy trend. In the last two years, grocery costs have experienced an upward trajectory of over 10%. Unfortunately, Kailua CDP (Hawaii County) is no exception, where grocery prices are 16.7% above the national average.

Is Kailua CDP (Hawaii County) Affordable?

Is Kailua CDP (Hawaii County) affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Kailua CDP (Hawaii County), for instance, where the median home price falls 123.4% higher than the national average, and monthly rent rates are 17.8% higher than usual. Additionally, median income levels contribute to the equation, with Kailua CDP (Hawaii County) flaunting a median household income of $61,629, 11.4% higher than the national norm.

What Factors can Influence the Cost of Living in Kailua CDP (Hawaii County)?

Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Kailua CDP (Hawaii County), the housing index is 91.7% higher than the national average.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Kailua CDP (Hawaii County), the transportation index stands at 35% higher than the national average.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Kailua CDP (Hawaii County), the utilities index registers 51.3% higher than the national average.

Where is the Data From?

The Kailua CDP (Hawaii County) cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Kailua CDP (Hawaii County) is 14% lower than the Hawaii average
  • The cost of living in Kailua CDP (Hawaii County) is 48% higher than the national average
  • Kailua CDP (Hawaii County) housing is 92% higher than the national average
  • Hawaii general sales tax is 22% lower than the national average
  • Hawaii state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Kailua CDP (Hawaii County)

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$69,890$5,824$1,631$2,097
      Renters$55,694$4,641$1,299$1,671
      The affordability of the housing market in Kailua CDP (Hawaii County), HI as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Kailua CDP (Hawaii County) homeowners, the median income is $69,890. This indicates that a monthly maximum of $1,631 should be spent by homeowners on all housing related costs. Renters have a median income of $55,694. This indicates that renters would have a maximum of $1,299 for their rent related monthly costs.

      Hawaii Sales Tax

      State General Sales Tax With Max Surtax
      Hawaii 4% 4.712%

      Hawaii Income Tax

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

      Goods & Services

      Item Kailua CDP (Hawaii County) National avg. Difference
      Haircut $19.47$24.2619.8%
      Beauty Salon $76.67$45.5668.3%
      Toothpaste $3.68$3.700.6%
      Shampoo $1.73$1.2834.8%
      Movie $15.08$12.1324.3%
      Bowling $25.33$18.0040.7%

      Groceries

      Item Kailua CDP (Hawaii County) National avg. Difference
      Ground Beef $5.42$5.847.2%
      Fried Chicken $2.85$1.5781.0%
      Milk $5.38$4.6715.1%
      Potatoes $5.94$4.9320.4%
      Pizza $14.99$12.0924.0%
      Beer $12.01$10.4115.4%

      Health Care

      Item Kailua CDP (Hawaii County) National avg. Difference
      Optometrist $236.67$125.6888.3%
      Doctor $191.36$135.7840.9%
      Dentist $114.44$113.291.0%
      Ibuprofen $11.35$10.656.6%
      Lipitor $573.90$468.6022.5%

      Housing

      Item Kailua CDP (Hawaii County) National avg. Difference
      Home Price $412,600.00$184,700.00123.4%
      Avg. Mortgage Payment $8,008.77$2,346.69241.3%
      Apartment Rent $1,118.00$949.0017.8%

      Transportation

      Item Kailua CDP (Hawaii County) National avg. Difference
      Gasoline $4.80$3.4638.8%
      Tire Balancing $75.37$59.9225.8%

      Utilities

      Item Kailua CDP (Hawaii County) National avg. Difference
      All Electricity $359.53$193.9985.3%
      Phone $184.47$192.254.0%
      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 Population Cost of Living Index National Avg.
      Waimalu, HI13,71415958.8%
      Waimanalo Beach, HI4,28016868.1%
      Punaluu, HI1,11317473.8%
      Waimanalo, HI5,59917575.5%
      Kaneohe Station, HI11,07217676.2%
      Kailua CDP (Hawaii County), HI13,61714848.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Andover, KS13,6091076.5%
      Celina, TX13,60812929.2%
      Middlesex, NJ13,60612525.4%
      Wauconda, IL13,6291109.9%
      Marshall, MN13,6048811.6%
      Kailua CDP (Hawaii County), HI13,61714848.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.