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The 10 Cheapest Places to Live in Hawaii

Hawaiian Beaches, HI

Hawaii is a beautiful island state that is expensive to visit if you're a tourist. If you're planning to move there and become one of the locals, some places are quite affordable to settle. We beat the bushes to find the most affordable areas in Hawaii. The criteria that we used to build our list considers the cost of rent or homeownership, the cost of living in the area, and available job opportunities. Here are the ten cheapest places to live in Hawaii.

Wailuku, HI

10. Wailuku, HI

Wailuku sits on the Hawaiian Island of Maui. It's a smaller city with a population of 16,179 residents. The median home price is $463,500, which is high compared to the rest of the nation, but the wages earned are also higher. Higher wages allow living in Wailuku to be a bit more affordable. The median monthly rent is $1,069, which makes it doable for renters than many other places on the islands. The unemployment rate is 5.1%. There are plenty of jobs around per Extra Space.

Waimalu, HI

9. Waimalu, HI

Waimalu has a population of 13,478 residents. It's half the size of Wailuku. Although the median cost of a home is $382,900. Rent averages $1,528 per month. The unemployment rate is a mere 1.8%. The wages are commensurate with the cost of living. This high figure means living in Waimalu is affordable. The city sits on the island of Oahu. It's a 22-minute drive from Honolulu, the closest metropolitan area. The crime rate is also 36% safer than other cities in the United States, according to the statistics gathered by Extra Space.

Waimea CDP, HI

8. Waimea CDP, HI

Waimea CDP is in Kauai County on the small island of Kauai. It's a rural town that has a population of just 1,800 residents. The median home value is $378,300, with a lower cost of living index than the median of the state of Hawaii. The average income is 20% higher in Waimea when compared with other places in Hawaii. The extra income helps to offset the high cost of living, making it one of the most affordable places to live in the state, according to Clever.

Kailua, HI

7. Kailua, HI

Kailua is a community that is not far from the city of Honolulu. Clever lists it as one of the most affordable places to live on the island. Although the median home value is $862,100, there are places you can buy that are less expensive. What helps to offset the cost of living index of 220, the median household income is $109,087.The figure is double for that of those living in Hilo.

Ewa Beach, HI

6. Ewa Beach, HI

Homesnacks lists Ewa Beach as the sixth most affordable place to live in Hawaii. The population is low at 14,717 residents, but the unemployment rate is just 3.7%. What this means is that there are plenty of jobs in the area. The median income is high at $95,625 per year. The higher income helps to offset the monthly rent of $1,725, or the cost of a home at $493,000. The poverty rate is 10.6%, and there are more affordable housing options in the area.

Kapa'a, HI

5. Kapa'a, HI

Homesnacks names Kapa'a as the fifth most affordable place to live in Hawaii. The population is10,544 residents at the last census. It's an unincorporated area in Kauai County. The unemployment rate is 4.5%. The median home value is $499,500, with a reasonable $1,360 monthly for rent. The median income is $84,472. Higher wages mean that living in Kapa'a is quite affordable for the locals.

Pahala, HI

4. Pahala, HI

Pahala is a city that is es on the big island. Compare lists it as one of the most affordable places to live in the state. The cost of living in Pahala is lower than the rest of the state of Hawaii by 33%. It is also 26% lower than the rest of the nation. The average cost of a home is just $235,000, which is among the lowest in Hawaii. It's a rural town that offers plenty of things for the locals to do.

Kaunakakai, HI

3. Kaunakakai, HI

This city rests on the island of Moloka'i. The cost of living in Kaunakakai is a whopping 37% lower than the rest of the state of Hawaii. If you like living in a large town on an island, this might be a plausible choice for you. It's best for those who enjoy living a self-sustained lifestyle with either remote or self-employment options. It's a bit off the grid, but it's an affordable place to live with housing costs at 42% of the national average. You can buy a home for $250,000, according to Compare.

Hawaiian Paradise Park, HI

2. Hawaiian Paradise Park, HI

Area Vibes names Hawaiian Paradise Park as the second cheapest place to live in Hawaii. Locals enjoy a cost of living that is lower than the state average of Hawaii by twenty percent. The cost of living maybe 40 percent higher than the national average. The housing at 29 percent higher, but the income ratio is also higher to offset the cost of living. Residents enjoy a state income tax that is 43 percent lower than the rest of the nation. The sales tax is 18 percent lower.

Hawaiian Beaches, HI

1. Hawaiian Beaches, HI

The cheapest place to live according to Area Vibes is Hawaiian Beaches. The median annual household income is just $34,293, but the home values help to make up for the lower wages. The median home price is $199,900. This figure is easily the lowest that we've seen in any city in Hawaii. It's not difficult to own a home in Hawaiian Beaches, and there are plenty of enjoyable recreational opportunities. If you're looking for a great place to buy a house, and affordability is a factor, you might want to consider Hawaiian Beaches.

Dana Hanson

Written by Dana Hanson

Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. She also enjoys creative writing, content writing on nearly any topic (particularly business and lifestyle), because as a lifelong learner, she loves to do research and possess a high skill level in this area. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology.

Read more posts by Dana Hanson

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