Ocean Pointe, Hawaii Cost Of Living

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Overall 92%

Goods & Services 26%

Housing 208%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Ocean Pointe	Hawaii	National
Cost of living	192	176	100
Goods & Services	126	127	100
Groceries	161	156	100
Health care	120	120	100
Housing	308	250	100
Transportation	136	141	100
Utilities	185	194	100

Key findings

The cost of living in Ocean Pointe is 9% higher than the Hawaii average
The cost of living in Ocean Pointe is 92% higher than the national average
Ocean Pointe housing is 208% higher than the national average
Hawaii general sales tax is 18% lower than the national average
Hawaii state income tax is 43% lower than the national average

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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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$120,500	$10,042	$2,811	$3,615
Renters	$92,083	$7,674	$2,148	$2,763

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Ocean Pointe, HI, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Ocean Pointe, homeowners have a median income of $120,500. Using that number, a maximum of $2,811 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $92,083, which means there is a maximum of $2,148 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%	11%

Goods & Services

Item	Ocean Pointe	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	Ocean Pointe	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	Ocean Pointe	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	Ocean Pointe	National avg.	Difference
Home Price	$582,700.00	$184,700.00	215.5%
Avg. Mortgage Payment	$4,947.54	$1,273.32	288.6%
Apartment Rent	$2,751.00	$949.00	189.9%

Transportation

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

Utilities

Item	Ocean Pointe	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%
Makaha Valley, HI	1,631	130	30%
Waianae, HI	13,426	147	47%
Nanakuli, HI	12,042	147	47%
Makaha, HI	8,934	151	51%
Ocean Pointe, HI	12,274	192	92%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Portales, NM	12,275	86	-14%
Wilton Manors, FL	12,270	113	13%
Finneytown, OH	12,279	92	-8%
Larkspur, CA	12,268	238	138%
Half Moon Bay, CA	12,281	200	100%
Ocean Pointe, HI	12,274	192	92%

Source: The Ocean Pointe, HI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Ocean Pointe, HI Cost of Living

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