Waikele, HI Cost Of Living

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Waikele cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Waikele	Hawaii	National
Cost of living index	168	176	100
Index	Waikele	Hawaii	National
Goods & Services index	126	127	100
Groceries index	161	156	100
Health care index	120	120	100
Housing index	229	250	100
Transportation index	136	141	100
Utilities index	185	194	100

Displayed above is a general overview of the Waikele, HI cost of living index. The overall cost of living index in Waikele, HI is 168, which is 4% lower than the Hawaii average and 68% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Waikele, HI are 1% lower than the Hawaii average and 26% higher than the national average.

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Did you know?

The cost of living in Waikele is 4% lower than the Hawaii average.
The cost of living in Waikele is 68% higher than the national average.
The cost of housing in Waikele is 129% 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.

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Waikele, HI to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Waikele, HI, then you would need to earn more income in order to maintain the same standard of living. To use the Waikele, HI salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown 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	$101,151	$8,429	$2,360	$3,035
Renters	$69,712	$5,809	$1,627	$2,092

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Waikele, HI as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Waikele, HI homeowners, is $101,151. This would allow for a maximum of $2,360 per month to be spent on housing costs. For renters, the median monthly income is $69,712 which would result in a maximum of $1,627 to be spent on rental costs.

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 Waikele, 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	Waikele	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	Waikele	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	Waikele	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	Waikele	National avg.	Difference
Home Price	$434,100.00	$184,700.00	135.0%
Avg. Mortgage Payment	$4,947.54	$1,273.32	288.6%
Apartment Rent	$2,037.00	$949.00	114.6%

Transportation

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

Utilities

Item	Waikele	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%
Waikele, HI	7,648	168	68%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Burton, SC	7,648	95	-5%
Summit, WA	7,646	115	15%
West Slope, OR	7,650	139	39%
Ivins, UT	7,646	108	8%
Clear Lake, IA	7,644	91	-9%
Waikele, HI	7,648	168	68%

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

Waikele, HI Cost of Living