| Index | Schofield Barracks | Hawaii | National |
| Cost of living | 175 | 163 | 100 |
| Groceries | 124 | 126 | 100 |
| Health care | 116 | 119 | 100 |
| Housing | 299 | 252 | 100 |
| Transportation | 117 | 121 | 100 |
| Utilities | 131 | 131 | 100 |
| Lifestyle & Entertainment | 126 | 127 | 100 |
| Household Items | 112 | 115 | 100 |
| Education & Childcare | 132 | 132 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Schofield Barracks? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Schofield Barracks stands at 175, making it 75% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Schofield Barracks is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Schofield Barracks falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs are a very significant part of the Schofield Barracks cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 198.7% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Recurring household expenses such as cleaning supplies, laundry detergent, toiletries, and kitchen basics are a steady part of monthly spending and make up 8% of the cost of living index. In Schofield Barracks, these everyday items will cost you 12.2% more than average, making it a slightly more expensive place to call home.
The surge in grocery costs is indeed alarming, especially when groceries make up a large portion of your monthly expenditures. Over the past two years, there has been an inflation of over 10% in grocery prices. Unfortunately, Schofield Barracks does not fare better, with grocery expenses coming in at 24% higher than the national average.
Is Schofield Barracks 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 Schofield Barracks, for instance, where the median home price falls 100% lower than the national average, and monthly rent rates are 198.7% higher than usual. Additionally, median income levels contribute to the equation, with Schofield Barracks flaunting a median household income of $93,226, 14.6% higher than the national norm.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Schofield Barracks, the prevailing sales tax rate starts at 4%, and income tax rates kick off at 1.4%.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Schofield Barracks, the groceries index is 24% higher than the national average.
The cost of living data for Schofield Barracks shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $0 | $0 | $0 | $0 |
| Renters | $93,780 | $7,815 | $2,188 | $2,814 |
| State | General Sales Tax | With Max Surtax |
| Hawaii | 4% | 4.712% |
| State | Income Tax (Low) | Income Tax (High) |
| Hawaii | 1.4% | 11% |
| City | Population | Cost of Living Index | National Avg. |
| Waianae, HI | 13,612 | 141 | 40.9% |
| Makaha, HI | 10,411 | 143 | 42.7% |
| Nanakuli, HI | 11,830 | 145 | 45.1% |
| Waipio Acres, HI | 5,724 | 154 | 53.8% |
| Waimalu, HI | 14,084 | 155 | 55.3% |
| Schofield Barracks, HI | 18,724 | 175 | 75.1% |
| City | Population | Cost of Living Index | National Avg. |
| St. Marys, GA | 18,720 | 108 | 7.8% |
| Sudley, VA | 18,730 | 123 | 22.7% |
| Harrison, NJ | 18,732 | 135 | 34.6% |
| Ashtabula, OH | 18,701 | 82 | 17.6% |
| Somerset, MA | 18,700 | 125 | 24.7% |
| Schofield Barracks, HI | 18,724 | 175 | 75.1% |
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