Schofield Barracks, HI vs Waikoloa Village, HI

Schofield Barracks, HI and Waikoloa Village, HI have a very similar cost of living, with only a 0.9% difference in their overall index. Schofield Barracks scores 161 while Waikoloa Village scores 162 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.

Renters will find that Schofield Barracks has a median rent of $3,192/month while Waikoloa Village comes in at $2,259/month, a 41% difference.

Median household income in Schofield Barracks is $74,695 compared to $92,713 in Waikoloa Village (-19.4%). While Waikoloa Village is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Schofield Barracks spend roughly 51.3% of their income on rent, more than the 29.2% in Waikoloa Village. The Waikoloa Village ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.