We know it’s hard to believe, but there is more to Hawaii than sunshine, surfing, and beach days. There’s the need and want for affordable living in the Aloha State; and surprisingly, Hawaii has just that.
We’re pretty sure there isn’t a bad place to put up a hut in Hawaii; but there are some places that are super expensive, so HomeSnacks thought that we’d give you the ‘ying to that yang’ and let you know the most affordable places in Hawaii for 2019.
How did we determine the most affordable place in Hawaii? We consulted Hawaii’s census data for 2019. We also looked at cost of living, affordable housing, and safety. There might be some that surprise you. Keep in mind, just because these places in Hawaii are affordable, doesn’t mean that they’re not nice. To be honest, many of our most affordable Hawaii places are on also on our best places to live in the Paradise of the Pacific. More importantly, if you choose to live in one of Hawaii’s most affordable places, you will have plenty of extra money to do the fun things that Hawaii offers. Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulu’s Ukulele Festival.
So, want to know where you can afford to splurge on the ‘Big Kahuna Burger’ and still be able to cover your cost of living in Hawaii? Keep reading.
While the competition was fierce, there can be only one number one most affordable to live in Hawaii for 2019. And that, folks, would be Hilo.
So, if you care about home values and affordability, take a look at the list below to see where your Hawaii dollar will go the furthest. And if you don’t find your favorite there, head to the bottom.
And if you already knew these places were cheap, check out some more reading about Hawaii and the cheapest places in the country:
The 10 Cheapest Places To Live In Hawaii For 2019
Hilo is the largest settlement and census-designated place in Hawaii County, Hawaii, United States, which encompasses the Island of Hawaii. The population was 43,263 at the 2010 census.
The median income in Hilo comes in at $57,151 and the median home value is $305,900 for 2019.
The median income in Waianae comes in at $60,282 and the median home value is $339,500 for 2019.
The median income in Ewa Villages comes in at $79,716 and the median home value is $495,200 for 2019.
The median income in Ewa Beach comes in at $90,069 and the median home value is $474,200 for 2019.
The median income in Waimea Cdp (Hawaii County) comes in at $72,759 and the median home value is $392,300 for 2019.
The median income in Waikoloa Village comes in at $73,453 and the median home value is $401,700 for 2019.
The median income in Hawaiian Paradise Park comes in at $51,908 and the median home value is $255,300 for 2019.
Kapolei is a master-planned community in Honolulu County, Hawaii, United States, on the island of Oahu. It is colloquially known as the “second city” of Oahu, in relation to Honolulu. Officially, it is a census-designated place within the consolidated city-county of Honolulu.
The median income in Kapolei comes in at $98,025 and the median home value is $490,600 for 2019.
The median income in Nanakuli comes in at $65,101 and the median home value is $310,300 for 2019.
Wailuku is a census-designated place in Maui County, Hawaii, United States. The population was 15,313 at the 2010 census. It is the county seat of Maui County.
The median income in Wailuku comes in at $69,250 and the median home value is $480,700 for 2019.
How We Determined The Most Affordable Places To Live In The Aloha State For 2019
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Hawaii to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 50 places in Hawaii that have more than 5,000 people.
The place with the lowest cost of living in Hawaii according to the data is Hilo.
There You Have It Mr. Or Mrs. Hawaii Cheapskate
If you’re looking at the cost of living numbers in Hawaii, this is an accurate list of the most affordable places to live in hawaii for 2019.
Here’s a look at the most expensive cities in Hawaii according to the data:
- East Honolulu
- Urban Honolulu
For more Hawaii reading, check out: