Schofield Barracks, HI vs Waimea CDP (Hawaii County), HI

Schofield Barracks, HI and Waimea CDP (Hawaii County), HI have a very similar cost of living, with only a 4.5% difference in their overall index. Schofield Barracks scores 161 while Waimea CDP (Hawaii County) scores 154 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 Waimea CDP (Hawaii County) comes in at $2,039/month, a 57% difference.

Median household income in Schofield Barracks is $74,695 compared to $89,268 in Waimea CDP (Hawaii County) (-16.3%). Waimea CDP (Hawaii County) offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Schofield Barracks spend roughly 51.3% of their income on rent, more than the 27.4% in Waimea CDP (Hawaii County). The Waimea CDP (Hawaii County) ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.