Cost of Living in Wailua Homesteads, HI

With a cost of living index of 174, Wailua Homesteads, HI is one of the most expensive cities in the United States. Living here is 74% more expensive than the national average and 17% above the Hawaii state average of 157. Wailua Homesteads is a smaller community of 7,136 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Wailua Homesteads's cost of living. The median monthly rent is $2,052 (56% above the US median of $1,319), and the median home value sits at $898,300 (195% above the national median of $304,900). At current prices, the median home costs roughly 9.5x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Wailua Homesteads is $94,900, which is 26% higher than the national median of $75,149. Residents spend roughly 26% 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.