Waihee-Waiehu cost of living index

A general summary of the cost of living index in Waihee-Waiehu, HI is shown above. Compared to the state average of Hawaii the cost of living index in Waihee-Waiehu, HI is 161, which is 9% lower than the average in Hawaii and compared to the national average it is 61% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Waihee-Waiehu, HI goods and services come in at equal to the average in Hawaii and are 29% higher than compared to the nationwide average.

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Salary Calculator

The salary calculator allows you to compare how much your current salary in Waihee-Waiehu, 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 Waihee-Waiehu, HI, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Waihee-Waiehu, 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

If you want to find a good determining factor for the cost of living and the general affordability of housing in Waihee-Waiehu, HI, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Waihee-Waiehu, HI, the median monthly income is $94,657 for those who own their own homes. Under the standard rule, that income level would allow for $2,209 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $52,480, per the median income in the area. That would allow for renters to spend up to $1,224 on monthly rental expenses.

Hawaii Sales Tax

Hawaii Income Tax

One thing to keep in mind when considering the cost of living in Waihee-Waiehu, HI is the Hawaii sales tax and Hawaii income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Hawaii sales tax rate is 4.166% and the maximum surtax that can be charged is 4.712%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Hawaii income tax rates range from 1.4% to 8.25%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Waihee-Waiehu, HI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.