Kailua CDP (Hawaii County), HI vs Waimalu, HI
Kailua CDP (Hawaii County), HI and Waimalu, HI have a very similar cost of living, with only a 0.5% difference in their overall index. Kailua CDP (Hawaii County) scores 145 while Waimalu scores 145 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.
On the housing front, median rent in Kailua CDP (Hawaii County) is $1,747/month compared to $1,892/month in Waimalu — a 8% difference. Interestingly, home values tell a different story: while Kailua CDP (Hawaii County) has cheaper rent, Waimalu actually has lower median home values ($597,700 vs $649,400).
Median household income in Kailua CDP (Hawaii County) is $86,743 compared to $89,016 in Waimalu (-2.6%). While Waimalu is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Kailua CDP (Hawaii County) spend roughly 24.2% of their income on rent, less than the 25.5% in Waimalu.
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