F
95%
Overall NAT. AVG.
27%
Goods & Services NAT. AVG.
249%
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 Ocean Pointe Hawaii National
Cost of living195173100
Goods & Services127130100
Groceries117137100
Health care123126100
Housing349250100
Transportation135143100
Utilities151180100

An Overview of Cost of Living in Ocean Pointe, HI

Are you thinking about relocating, but curious about the potential cost of living in Ocean Pointe? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Ocean Pointe stands at 195, making it 95% 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 affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Ocean Pointe is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Ocean Pointe falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs significantly influence the Ocean Pointe 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 248.9%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Ocean Pointe, you can expect to pay 26.8% more than average for these items, making it a more expensive place to live.

The substantial and relentless rise in grocery prices definitely warrants some attention. Over the past two years, grocery expenses have escalated by more than 10%. Having said that, the situation in Ocean Pointe is even less favorable, with grocery prices here being 16.7% higher than the national average.

Is Ocean Pointe Affordable?

Is Ocean Pointe affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Ocean Pointe, for instance, where the median home price falls 263.6% higher than the national average, and monthly rent rates are 214.8% higher than usual. Additionally, median income levels contribute to the equation, with Ocean Pointe flaunting a median household income of $118,264, 113.8% higher than the national norm.

What Factors can Influence the Cost of Living in Ocean Pointe?

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Ocean Pointe, is 248.9% higher than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Ocean Pointe, the healthcare costs are 23.1% higher than the national average.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Where is the Data From?

The cost of living data in Ocean Pointe 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 Ocean Pointe is 13% higher than the Hawaii average
  • The cost of living in Ocean Pointe is 95% higher than the national average
  • Ocean Pointe housing is 249% 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 Ocean Pointe

See all the best places to live around Ocean Pointe

Compare Ocean Pointe, HI Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      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$122,469$10,206$2,857$3,674
      Renters$101,883$8,490$2,377$3,057
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Ocean Pointe, 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 Ocean Pointe, homeowners have a median income of $122,469. Using that number, a maximum of $2,857 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $101,883, which means there is a maximum of $2,377 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 Ocean Pointe 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 Ocean Pointe 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 Ocean Pointe 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 Ocean Pointe National avg. Difference
      Home Price $671,500.00$184,700.00263.6%
      Avg. Mortgage Payment $8,008.77$2,346.69241.3%
      Apartment Rent $2,987.00$949.00214.8%

      Transportation

      Item Ocean Pointe National avg. Difference
      Gasoline $4.80$3.4638.8%
      Tire Balancing $75.37$59.9225.8%

      Utilities

      Item Ocean Pointe 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.
      Waianae, HI13,19214545.1%
      Makaha, HI10,08714646.3%
      Nanakuli, HI11,37915049.9%
      Waipio Acres, HI5,55615757.2%
      Waimalu, HI13,71415958.8%
      Ocean Pointe, HI15,68819595.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Jasper, IN15,681946.1%
      North Arlington, NJ15,68113030.1%
      Lady Lake, FL15,695946.5%
      West Hants, NS15,678n/a 
      Hanover, PA15,675991.0%
      Ocean Pointe, HI15,68819595.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.