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.
An overview of the general cost of living index for Wailea, HI is displayed above for your reference. Residents in Wailea, HI enjoy a cost of living index of 216. This index is 22% higher than the Hawaii average, and 116% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Wailea, HI, the average cost of goods and services is equal to it is in Hawaii, and it is 29% higher than the national average.
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Did you know?
The cost of living in Wailea is 22% higher than the Hawaii average.
The cost of living in Wailea is 116% higher than the national average.
The cost of housing in Wailea is 283% 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.
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Use the salary calculator to compare your current income in Wailea, HI to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Wailea, HI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Wailea, HI salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Wailea, HI by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Wailea, HI have a median income of $80,656. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,882 per month to avoid calamity and poverty. The renters in the city have an income of about $54,688, which would make their monthly maximum allowable rental costs $1,276.
Hawaii Sales Tax
General Sales Tax
With Max Surtax
Hawaii Income Tax
Income Tax (Low)
Income Tax (High)
The Hawaii sales tax and Hawaii income tax rates should definitely be considered when determining the overall cost of living in Wailea, HI. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Hawaii sales tax is 4.166% and the maximum surtax is 4.712%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Hawaii income tax rates range from 1.4% to 8.25%.
Goods & Services
Avg. Mortgage Payment
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.