F
76%
Overall NAT. AVG.
27%
Goods & Services NAT. AVG.
185%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Kaneohe Station Hawaii National
Cost of living176173100
Goods & Services127130100
Groceries117137100
Health care123126100
Housing285250100
Transportation135143100
Utilities151180100

An Overview of Cost of Living in Kaneohe Station, HI

Are you thinking about relocating, but curious about the potential cost of living in Kaneohe Station? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Kaneohe Station stands at 176, making it 76% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

If you're in pursuit of an economical living environment, Kaneohe Station may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Kaneohe Station falls within this bracket.

Housing costs significantly influence the Kaneohe Station cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 185.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

The things you purchase regularly, like clothes, haircuts, movie tickets and gym memberships, can make a big dent in your budget and make up 33% of the cost of living index. Unfortunately in Kaneohe Station, these items will cost you 26.8% more than what's considered the norm, making it a more expensive place to call home.

The surge in grocery costs is indeed alarming, especially when groceries make up a large portion of your monthly expenditures. Over the past two years, there has been an inflation of over 10% in grocery prices. Unfortunately, Kaneohe Station does not fare better, with grocery expenses coming in at 16.7% higher than the national average.

Is Kaneohe Station Affordable?

Wondering if Kaneohe Station is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Kaneohe Station, for example, the median home price is 100% lower than what folks pay nationally, and monthly rent is 185.4% higher than the usual rates. Plus, income levels matter too, with Kaneohe Station boasting a median household income of $51,631, which is 6.7% lower than the national average.

What Factors can Influence the Cost of Living in Kaneohe Station?

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Kaneohe Station, the general sales tax rate starts at 4%, and income tax rates begin at 1.4%.

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Where is the Data From?

The cost of living data in Kaneohe Station displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Kaneohe Station is 2% higher than the Hawaii average
  • The cost of living in Kaneohe Station is 76% higher than the national average
  • Kaneohe Station housing is 185% higher than the national average
  • Hawaii general sales tax is 22% lower than the national average
  • Hawaii state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Kaneohe Station

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Compare Kaneohe Station, HI Cost of Living

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      Salary Calculator

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      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$0$0$0$0
      Renters$51,479$4,290$1,201$1,545
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Kaneohe Station, HI, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Kaneohe Station, homeowners have a median income of $0. Using that number, a maximum of $0 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $51,479, which means there is a maximum of $1,201 to be spent on the costs of renting a home or apartment.

      Hawaii Sales Tax

      State General Sales Tax With Max Surtax
      Hawaii 4% 4.712%

      Hawaii Income Tax

      State Income Tax (Low) Income Tax (High)
      Hawaii 1.4% 11%

      Goods & Services

      Item Kaneohe Station National avg. Difference
      Haircut $19.47$24.2619.8%
      Beauty Salon $76.67$45.5668.3%
      Toothpaste $3.68$3.700.6%
      Shampoo $1.73$1.2834.8%
      Movie $15.08$12.1324.3%
      Bowling $25.33$18.0040.7%

      Groceries

      Item Kaneohe Station National avg. Difference
      Ground Beef $5.42$5.847.2%
      Fried Chicken $2.85$1.5781.0%
      Milk $5.38$4.6715.1%
      Potatoes $5.94$4.9320.4%
      Pizza $14.99$12.0924.0%
      Beer $12.01$10.4115.4%

      Health Care

      Item Kaneohe Station National avg. Difference
      Optometrist $236.67$125.6888.3%
      Doctor $191.36$135.7840.9%
      Dentist $114.44$113.291.0%
      Ibuprofen $11.35$10.656.6%
      Lipitor $573.90$468.6022.5%

      Housing

      Item Kaneohe Station National avg. Difference
      Home Price $0.00$184,700.00100.0%
      Avg. Mortgage Payment $8,008.77$2,346.69241.3%
      Apartment Rent $2,708.00$949.00185.4%

      Transportation

      Item Kaneohe Station National avg. Difference
      Gasoline $4.80$3.4638.8%
      Tire Balancing $75.37$59.9225.8%

      Utilities

      Item Kaneohe Station National avg. Difference
      All Electricity $359.53$193.9985.3%
      Phone $184.47$192.254.0%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Kailua CDP (Hawaii County), HI13,61714848.1%
      Waimalu, HI13,71415958.8%
      Waimanalo Beach, HI4,28016868.1%
      Punaluu, HI1,11317473.8%
      Waimanalo, HI5,59917575.5%
      Kaneohe Station, HI11,07217676.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lindon, UT11,07213030.3%
      Minooka, IL11,06911111.4%
      Forest, VA11,0751055.1%
      Grandview, WA11,075955.3%
      Celebration, FL11,07713838.2%
      Kaneohe Station, HI11,07217676.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.