Mililani Cost of Living Reveal: Budget Breakdown of This Oahu Neighbor Island’s Hidden Gem
Cost of living in Mililani: Quality community investment
95-1050 Mākaʻikaʻi St
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**Table of Contents**
[Quick Facts](#quick-facts)
[Cost of Living](#cost-of-living)
[Community Overview](#community-overview)
[Economic Benefits](#economic-benefits)
[Tables](#tables)
[Community Engagement and Investment Opportunities](#community-engagement-and-investment-opportunities)
[Frequently Asked Questions](#faq)
[Resources & Links](#resources-links)
[For Buyers & Sellers](#for-buyers–sellers)
Quick Facts
• The cost of living in Mililani, Oahu is moderate, with a median home price around $800,000.
• The median rent for a 3-bedroom house in Mililani is around $2,500 per month.
• Affordable housing options exist in the area with the assistance of community programs.
• The gross income required for a four-bedroom house in Mililani typically exceeds $75,000 per year.
• The local school system is considered to be among the best in the state of Hawaii.
• The shopping options available in Mililani include a mix of luxury and discount retailers.
• Regular parking incidents, caused primarily by parking lot shared with residential buildings, contribute less than 1% of the cost of living in Mililani.
• Residents rely upon community investment to supplement available funding.
• Many residents enjoy quality outdoor recreational facilities and transportation options.
Quick Facts
Mililani Community Overview: A Haven for Quality Life in Oahu’s Most Luxuriant Neighborhood
Mililani, a lush oasis in the heart of Oahu’s North Shore, is a popular community known for its picturesque landscapes, outdoor recreational opportunities, and fast-paced lifestyle. As a desirable location for families, professionals, and retirees alike, Mililani offers a unique blend of quality of life and community investment that makes it an attractive choice for those seeking a fulfilling and healthy lifestyle. In this article, we’ll delve into the world of Mililani, exploring its top features, popular attractions, and the strategic investment opportunities that make it a gem in the Hawaiian real estate market.
Top Features of Mililani
| Feature | Description |
| — | — |
| Natural Beauty | Lush tropical landscapes, scenic hiking trails, and sparkling water features make Mililani a nature lover’s paradise |
| Community Events | Regular farmers markets, outdoor concerts, and cultural festivals showcase the community’s enthusiasm and diversity |
| Family-Friendly | Regulated zoning, safe neighborhood streets, and plenty of parks and recreational areas for kids to play |
Economic Benefits of Mililani Investment
| Economic Benefit | Description |
| — | — |
| Rising Property Values | Mililani’s high demand, scenic views, and accessibility to Oahu’s capital city have contributed to a surge in property values |
| Strong Job Market | The nearby Industrial Park and booming tourism industry create a stable employment market |
| Growing Entrepreneurship Services | Innovative business centers, coworking spaces, and start-up resources attract entrepreneurs and small business owners |
Tables
Table: Top Features Comparison
| Feature | Mililani | Comparison |
| — | — | — |
| Natural Beauty | 9/10 | Competing with Kailua and Ewa |
| Community Events | 9/10 | Kapolei and Waialae events compare |
| Family-Friendly | 8.5/10 | Honolulu’s city event surpasses Mililani |
| Growing Entrepreneurship | 9/10 | Honolulu-based startups outperform Mililani |
| Housing Market Speed | 8.5/10 | Honolulu’s faster market outpaces Mililani |
Table: Cost of Living by Neighborhood
| Neighborhood | Rent | Food | Transportation | Utilities |
| — | — | — | — |
| Mililani | $2,500 | $1,200 | $1,200 | $900 |
| Kaneohe | $2,800 | $3,000 | $1,700 | $1,300 |
| Kapolei | $3,300 | $3,500 | $1,900 | $1,600 |
| Kapoho | $2,400 | $2,200 | $1,300 | $900 |
Community Engagement and Investment Opportunities
| Investment Opportunity | Description |
| — | — |
| Community Land Trust | Mililani’s Community Land Trust promotes affordable housing development and community control |
| Volunteer Opportunities | Local non-profit organizations rely on volunteer work to support education, healthcare, and environmental initiatives |
| Infrastructure Development | Municipal initiatives focus on enhancing roads, bike lanes, and park development |
Frequently Asked Questions:
Here is an FAQ content section about the Cost of Living in Mililani in a Quality Community Investment format:
**Q: What is the cost of living in Mililani compared to Honolulu?**
A: Mililani has a slightly lower cost of living compared to Honolulu. Housing, food, and transportation costs are relatively lower in Mililani, making it an attractive option for those who want to enjoy the benefits of Oahu living without the high costs of Honolulu.
**Q: How much does it cost to buy a home in Mililani?**
A: The median home price in Mililani is around $800,000 to $1 million. However, prices can vary depending on the location, size, and type of property. Rentals are also available, with the average rent for a 2-bedroom apartment being around $1,800 to $2,500 per month.
**Q: What are the average costs for food and groceries in Mililani?**
A: Food and grocery prices in Mililani are slightly higher than the national average. A gallon of milk costs around $6 to $7, a loaf of bread is around $2 to $3, and a pound of ground beef is around $5 to $7. However, there are many affordable dining options available, including local eateries and restaurants.
**Q: How much does it cost to commute in Mililani?**
A: Depending on your mode of transportation, commuting costs in Mililani can vary. Gasoline prices are similar to those in Honolulu, around $3 to $4 per gallon. Public transportation is available, with a single bus fare costing around $3. Many residents also choose to walk or bike to nearby amenities.
**Q: Are there any additional costs or fees associated with living in Mililani?**
A: Yes, there are some additional costs to consider when living in Mililani. Property taxes are around 1.05% of the property’s value, and homeowners association (HOA) fees can range from $200 to $500 per month, depending on the community.
**Q: What are the benefits of investing in a community like Mililani?**
A: Mililani offers a unique blend of suburban living with easy access to urban amenities. The community is known for its high-quality schools, low crime rate, and outdoor recreational opportunities. Investing in a community like Mililani can provide long-term value and a great quality of life.
Resources & Links
Here are five clickable HTML links related to the cost of living in Mililani:
Zillow Mililani
Realtor.com Mililani
Niche Mililani
BestPlaces Cost of Living in Mililani
City-Data Cost of Living in Mililani
For Buyers & Sellers
**Personal Summary: How the Cost of Living in Mililani Impacts Home Buyers and Sellers**
As a home buyer or seller considering the community of Mililani, understanding the cost of living is crucial for making informed decisions. Located on the island of Oahu, Hawaii, Mililani offers a unique blend of quality of life, community amenities, and investment potential. However, the cost of living in Mililani can be high, which affects both home buyers and sellers in distinct ways.
**Home Buyers:**
For home buyers, the high cost of living in Mililani can be a significant factor to consider. Here are some key points to keep in mind:
1. **Housing costs:** The median home price in Mililani is high, with prices ranging from the mid-$800,000s to over $1 million. This can make it challenging for buyers to find affordable options, especially for first-time homebuyers.
2. **Living expenses:** In addition to housing costs, buyers must also consider the high cost of living expenses in Mililani, including groceries, transportation, and utilities.
3. **Quality of life:** On the other hand, the high cost of living in Mililani is often offset by the community’s excellent schools, low crime rate, and abundant amenities, such as parks, golf courses, and shopping centers.
**Home Sellers:**
For home sellers, the high cost of living in Mililani can be a double-edged sword. Here are some key points to consider:
1. **Demand and pricing:** The desirability of Mililani’s quality of life and community amenities can drive up demand for housing, resulting in higher prices for sellers.
2. **Competition:** However, the high cost of living in Mililani can also deter some buyers, leading to increased competition among sellers and potentially lower sale prices.
3. **Rental income:** For sellers who choose to rent out their properties, the high cost of living in Mililani can result in higher rental income, making their investment more lucrative.
**Investment Considerations:**
For both home buyers and sellers, it’s essential to consider the investment potential of Mililani. Here are some key points:
1. **Appreciation:** The community’s excellent schools, low crime rate, and abundant amenities contribute to Mililani’s high property appreciation rates, making it an attractive investment opportunity.
2. **Rental income:** As mentioned earlier, the high cost of living in Mililani can result in higher rental income for property investors.
3. **Tax implications:** Homeowners should also consider the tax implications of owning a home in Mililani, including property taxes and potential tax deductions for mortgage interest and property taxes.
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