Ookala, HI is a small town located on the Big Island of Hawaii with a population of 96774. It offers residents an affordable way of life compared to other parts of Hawaii due its lower cost of rent and groceries. 2 bedroom rent in Ookala is $1,990 compared to the US 2 Bedroom Rent cost which is $1,430. Similarly, grocery costs index in Ookala stands at 150 versus 100 in the US making it more affordable for residents to buy food items locally.
The local economy consists of businesses such as Pahoa Automotive & Radiators Inc., Hawaiian Healing Practitioners LLC, Mana Hawai'i Electrical Contracting LLC, and many more. These companies play an important role in keeping prices competitive and offering job opportunities to locals seeking employment. All in all, living in Ookala can be a great choice for individuals or families looking for an affordable place to call home surrounded by beautiful nature and friendly neighbors.
Ookala (zip 96774) has an unemployment rate of 8.4%. The US average is 6.0%.
Ookala (zip 96774) has seen the job market decrease by -10.9% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Ookala (zip 96774)
- The Sales Tax Rate for Ookala (zip 96774) is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Ookala (zip 96774) 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 Ookala (zip 96774)
- The average income of a Ookala (zip 96774) resident is $30,039 a year. The US average is $37,638 a year.
- The Median household income of a Ookala (zip 96774) resident is $51,250 a year. The US average is $69,021 a year.