Cost of Living in Waianae, HI

With a cost of living index of 119, Waianae, HI is a notably expensive place to live. Living here is 19% more expensive than the national average and 39% below the Hawaii state average of 157. Waianae is a smaller community of 12,907 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Waianae's cost of living. The median monthly rent is $1,307 (1% below the US median of $1,319), and the median home value sits at $487,200 (60% above the national median of $304,900). At current prices, the median home costs roughly 5.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Waianae is $84,766, which is 13% higher than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they do not fully offset the higher cost of living.

Everyday prices in the Urban Honolulu, HI (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.