Cost of Living in Hanapepe, HI

With a cost of living index of 160, Hanapepe, HI is one of the most expensive cities in the United States. Living here is 60% more expensive than the national average and 3% above the Hawaii state average of 157. Hanapepe is a small community of 2,288 residents.

Housing costs are the biggest factor in Hanapepe's cost of living. The median monthly rent is $2,021 (53% above the US median of $1,319), and the median home value sits at $736,000 (141% above the national median of $304,900). At current prices, the median home costs roughly 8.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Hanapepe is $90,319, which is 20% higher 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. While incomes are above average, they do not fully offset the higher cost of living.

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.