Cost of living in Waikele research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Waikele is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Hawaii, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Waikele is 172, with 100 being the average.
The cost of living index in Waikele is 1.7x higher than the national average.
Waikele ranks as the #19 cheapest in Hawaii out of 50.
Waikele ranks as the #6,149 cheapest out of 6,412 in the US.
The median home value in Waikele is $570,800.
The median income in Waikele is $106,042.
According to the most recent data on the cost of living, Waikele has an overall cost of living index of 172, which is 1.7x higher than the national index of 100.
Compared to Hawaii, Waikele has a cost of living index that's 1.0x lower than Hawaii's index of 181.
The standard of living in Waikele ranks as #19 most affordable out of the 50 places we measured in Hawaii. By definition, that implies Waikele ranks as the #31 most expensive place in the Aloha State.
For more reading on life in Waikele, check out:
Six factors go into calculating the cost of living index in Waikele. Here is how it fairs on each of the criteria:
The Services index in Waikele is 129.
The Groceries index in Waikele is 173.
The Health index in Waikele is 113.
The Housing index in Waikele is 230.
The Transportation index in Waikele is 143.
The Utilities index in Waikele is 202.
Living Expense | Waikele | Hawaii | National Average | |
---|---|---|---|---|
Overall | 172 | 181 | 100 | |
Services | 129 | 126 | 100 | |
Groceries | 173 | 132 | 100 | |
Health | 113 | 119 | 100 | |
Housing | 230 | 314 | 100 | |
Transportation | 143 | 131 | 100 | |
Utilities | 202 | 140 | 100 |
Housing swings affordability the most between places in Hawaii, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Waikele is $570,800.
The Median Rent in Waikele is $2,334.
The Median Income in Waikele is $106,042.
The Home Value To Income in Waikele is 5.4x.
The Rent To Monthly Income in Waikele is 0.26x.
Statistic | Waikele | Hawaii | United States |
---|---|---|---|
Median Home Value | $570,800 | $662,100 | $244,900 |
Median Rent | $2,334 | $1,755 | $1,163 |
Median Income | $106,042 | $88,005 | $69,021 |
Home Value To Income | 5.4x | 7.5x | 3.5x |
Rent To Monthly Income | 0.26x | 0.24x | 0.2x |
The cost of living varies in the cities and towns around Waikele. Here's a quick look at the cost of living in the most populous nearby places:
Waipahu, HI has a cost of living index of 181, 1.1x Waikele.
Kaneohe, HI has a cost of living index of 196, 1.1x Waikele.
Ewa Gentry, HI has a cost of living index of 175, 1.0x Waikele.
City | Population | Cost Of Living | Vs. Waikele |
---|---|---|---|
Waipahu, HI | 39,927 | 181 | 1.1x |
Kaneohe, HI | 34,509 | 196 | 1.1x |
Ewa Gentry, HI | 28,125 | 175 | 1.0x |
Kapolei, HI | 23,248 | 173 | 1.0x |
Mililani Mauka, HI | 21,657 | 194 | 1.1x |
Makakilo, HI | 20,862 | 187 | 1.1x |
Ocean Pointe, HI | 16,676 | 196 | 1.1x |
Royal Kunia, HI | 14,390 | 191 | 1.1x |
Waimalu, HI | 13,818 | 161 | 0.9x |
Waipio, HI | 10,989 | 176 | 1.0x |