Cost of Living in Fern Acres, HI

With a cost of living index of 94, Fern Acres, HI is slightly more affordable than average. Living here is 6% cheaper than the national average and 64% below the Hawaii state average of 157. Fern Acres is a small community of 1,714 residents.

Housing costs are the biggest factor in Fern Acres's cost of living. The median monthly rent is $1,099 (17% below the US median of $1,319), and the median home value sits at $267,400 (12% below the national median of $304,900). At current prices, the median home costs roughly 5.4x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Fern Acres is $49,554, which is 34% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.