Kaanapali, HI is an idylic beach paradise located on Maui. It is well known for its stunning beaches and luxury resorts. The cost of living in Kaanapali is significantly higher than the US average. Rent for a two bedroom apartment averages around $2,120, more than 50% higher than the US average at $1,430. The Grocery Cost Index in Kaanapali stands at 153 versus 100 in the US according to Numbeo. This difference can be attributed to the higher prices of local companies such as ABC Supermarket, Fresh Fish Market, and KU Farmers Market which offer quality produce and goods at premium prices. With its high cost of living, Kaanapali is an ideal place to vacation but less suited for longer-term residences or investments.
Kaanapali has an unemployment rate of 12.2%. The US average is 6.0%.
Kaanapali 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 Kaanapali
- The Sales Tax Rate for Kaanapali is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Kaanapali 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 Kaanapali
- The average income of a Kaanapali resident is $60,585 a year. The US average is $28,555 a year.
- The Median household income of a Kaanapali resident is $112,143 a year. The US average is $69,021 a year.