Waikoloa Village, HI Cost Of Living

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Waikoloa Village 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	Waikoloa Village	Hawaii	National
Cost of living index	158	176	100
Index	Waikoloa Village	Hawaii	National
Goods & Services index	129	127	100
Groceries index	152	156	100
Health care index	119	120	100
Housing index	187	250	100
Transportation index	146	141	100
Utilities index	203	194	100

The above illustration supplies generalized information for the Waikoloa Village, HI cost of living index. Compared to other cities in Hawaii and cities across the country, the cost of living index in Waikoloa Village, HI is 158, which is 10% lower than the Hawaii average and 58% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Waikoloa Village, HI are 1% higher than the average for Hawaii and 29% higher than the rest of the country.

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Did you know?

The cost of living in Waikoloa Village is 10% lower than the Hawaii average.
The cost of living in Waikoloa Village is 58% higher than the national average.
The cost of housing in Waikoloa Village is 87% 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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Compare Waikoloa Village, HI Cost of living To Other Cities

Salary Calculator

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

The salary calculator is used in order to provide a comparison of your current salary in Waikoloa Village, HI to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Waikoloa Village, HI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Waikoloa Village, HI salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$77,458	$6,455	$1,807	$2,324
Renters	$69,883	$5,824	$1,630	$2,097

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Waikoloa Village, HI, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Waikoloa Village, HI has a median income of about $77,458 for people who own homes. Based on that number, a person should spend a maximum of $1,807 on expenses related to housing. Renters have a slightly different median income, which is $69,883. Based on this average, renters should spend no more than $1,630 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%

When assessing the complete cost of living in Waikoloa Village, HI, the Hawaii income tax and the Hawaii sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Hawaii maximum surtax is 4.712%, and the Hawaii sales tax is 4.166%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.4% to 8.25% in Hawaii.

Goods & Services

Item	Waikoloa Village	National avg.	Difference
Haircut	$12.17	$17.49	30.4%
Beauty Salon	$31.47	$38.17	17.5%
Toothpaste	$4.08	$2.32	76.0%
Shampoo	$1.72	$1.01	70.3%
Movie	$10.04	$10.72	6.4%
Bowling	$13.87	$13.86	0.1%

Groceries

Item	Waikoloa Village	National avg.	Difference
Ground Beef	$4.25	$3.90	9.0%
Fried Chicken	$2.19	$1.40	56.8%
Milk	$3.21	$1.96	63.4%
Potatoes	$4.25	$3.18	33.6%
Pizza	$12.30	$10.39	18.3%
Beer	$7.78	$9.23	15.7%

Health Care

Item	Waikoloa Village	National avg.	Difference
Optometrist	$136.85	$106.34	28.7%
Doctor	$133.68	$115.25	16.0%
Dentist	$112.79	$98.38	14.6%
Ibuprofen	$13.01	$9.26	40.5%
Lipitor	$398.63	$466.47	14.5%

Housing

Item	Waikoloa Village	National avg.	Difference
Home Price	$374,600.00	$184,700.00	102.8%
Avg. Mortgage Payment	$2,014.49	$1,273.32	58.2%
Apartment Rent	$1,416.00	$949.00	49.2%

Transportation

Item	Waikoloa Village	National avg.	Difference
Gasoline	$3.16	$2.59	22.0%
Tire Balancing	$72.96	$48.90	49.2%

Utilities

Item	Waikoloa Village	National avg.	Difference
All Electricity	$431.66	$167.60	157.5%
Phone	$39.39	$163.42	75.9%

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.
Kukuihaele, HI	318	141	41%
Waimea CDP (Kauai County), HI	1,804	157	57%
Waimea, HI	10,770	160	60%
Kalaoa, HI	11,198	169	69%
Puako, HI	795	219	119%
Waikoloa Village, HI	6,292	158	58%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Columbia, MS	6,292	79	-21%
Garden Home-Whitford, OR	6,291	134	34%
Collinsville, OK	6,293	89	-11%
Clover Creek, WA	6,293	113	13%
Waimanalo, HI	6,296	178	78%
Waikoloa Village, HI	6,292	158	58%

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

Waikoloa Village, HI Cost of Living