Schofield Barracks, HI is a small military town located on the island of Oahu. The town is home to the 25th Infantry Division, the 8th Theater Sustainment Command, and the US Army-Pacific Headquarters. The population of Schofield Barracks is estimated to be around 5500 people. Despite its small size, Schofield Barracks has a vibrant local economy with companies like PX Hawaii, Island Realty Group, and Schofield Auto Center being just some of the businesses in the area. Rent for two bedroom apartments in Schofield Barracks is almost double that of the national average at $2,520 compared to $1,430 nationally. Grocery costs are also significantly higher than elsewhere at 138 on Grocery Cost Index compared to 100 being standard in the US. Overall, living in Schofield Barracks can be more expensive due to its location compared to other parts of the country.
Schofield Barracks has an unemployment rate of 7.6%. The US average is 6.0%.
Schofield Barracks 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 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Schofield Barracks
- The Sales Tax Rate for Schofield Barracks is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Schofield Barracks 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 Schofield Barracks
- The average income of a Schofield Barracks resident is $18,713 a year. The US average is $28,555 a year.
- The Median household income of a Schofield Barracks resident is $65,196 a year. The US average is $69,021 a year.