Wailea, HI is an idyllic beachfront city located on the island of Maui. With its stunning ocean views and white sand beaches, Wailea has become a popular vacation destination for those seeking a tropical paradise. The cost of living is higher than the US average; for example, two bedroom rent in Wailea is $2,390 compared to $1,430 in the US. Additionally, Wailea’s Grocery Cost Index is 153 compared to 100 in the US.
Businesses that thrive in Wailea include resorts like Grand Wailea and The Fairmont Kea Lani; restaurants such as Monkeypod Kitchen; and golf courses such as The Blue Course at Wailea Golf Club. Local activities including whale watching tours, surfing lessons and standup paddle boarding are all popular pastimes for tourists and locals alike.
Wailea has an unemployment rate of 12.2%. The US average is 6.0%.
Wailea has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Wailea
- The Sales Tax Rate for Wailea is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Wailea is 8.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wailea
- The average income of a Wailea resident is $46,009 a year. The US average is $28,555 a year.
- The Median household income of a Wailea resident is $84,118 a year. The US average is $69,021 a year.