Cost of Living in Waikapu, HI

Population 3,645 · Hawaii · Data vintage 2023

247
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Waikapu sits 175% above the national median — $838,000 for the typical home — but median household incomes near $121,618 (63% above the US figure) soften the blow that similar pricing creates in lower-wage metros. The labor market has been unusually tight, with unemployment around 2.3% — below most comparable cities in the state.

Located 90 miles east of Urban Honolulu, Waikapu is far enough out that local conditions diverge meaningfully from the big-metro baseline. Housing prices track closely with Urban Honolulu's $834,000 median.

Cost Overview

Housing 275
Rent 205

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Waikapu

The median home value in Waikapu is $837,700 — 175% above the national median of $305,000. Median rent runs $2,696/month, 105% higher than the national median of $1,314/month. The median household income of $121,618/year is 63% higher than the US median of $74,580. The local unemployment rate is 2.3%, below the national average of 4.8%. Hawaii's top state income tax rate is 11.0% and the combined sales tax is 4.4%. The climate averages highs of 86.1°F and lows of 68.1°F. Overall, Waikapu has a cost of living index of 247 versus the US average of 100, meaning it is 147% more expensive.

🏠 Housing

Median Home Value
$837,700
175% above avg
Median Rent
$2,696/mo
105% above avg
Price-to-Rent Ratio
25.9x
Favors renting
Property Tax Rate
0.3%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,597
1 BR
$1,625
2 BR
$2,135
3 BR
$2,810
4 BR
$3,324
Owner-occupied 82.5%
Renter-occupied 17.5%

💰 Estimated Monthly Budget

Rent median rent
$2,696
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,310/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.4 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.3%

Commute Mode

Drove alone
74.9%
Carpooled
19.1%
Walked
0.3%
Work from home
5.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 11.0%
Total Sales Tax 4.4%
State rate 4.0%
Avg local rate 0.4%
Property Tax 0.3%

💼 Income & Employment

Median Household Income
$121,618
63% above avg
Per Capita Income
$45,553
Unemployment Rate
2.3%
53% below avg
Poverty Rate
1.9%
Labor Force Participation
70.9%

🎓 Education

Bachelor's degree+ 25.2%
Graduate degree 14.3%

👥 Demographics

Median Age 36.3
Male median age 38.6
Female median age 35.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
86.1°F
Avg Low
68.1°F
Annual Precip
16.2"
60° 68° 75° 83° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 828283858788899090898683
Low °F 646465676870727271706866
Precip" 2.422.002.641.320.710.170.530.530.450.831.812.80

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 20 — Good
99.1%
Good air days/yr
152
Max AQI recorded
347
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Waikapu, HI?

Waikapu has a cost index of 247 (100 = national average). It is 147% above the national average.

What is average rent in Waikapu, HI?

The median gross rent in Waikapu is $2,696 per month based on 2023 Census data.

What is the average home price in Waikapu?

The median home value in Waikapu is $837,700 according to 2023 Census ACS data.

What is the median income in Waikapu?

The median household income in Waikapu is $121,618 per year (2023 ACS 5-year estimates).

What is the sales tax in Waikapu, HI?

The combined state and local sales tax rate in Waikapu is 4.4%. The Hawaii state income tax top rate is 11.0%.

Is Waikapu, HI affordable?

Waikapu is above average in cost of living, with an index of 247 — about 147% higher than the national average.

What is the weather like in Waikapu?

Waikapu has average high temperatures of 86.1°F and average lows of 68.1°F. Annual precipitation is 16.2". Data from NOAA 1991–2020 Climate Normals.

Waikapu at a Glance

Population
3,645
Median Income
$121,618
Home Value
$837,700
Median Rent
$2,696/mo
Unemployment
2.3%
Avg High Temp
86.1°F
Sales Tax
4.4%
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