Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Kaneohe | Hawaii Avg | US Average |
|---|---|---|---|
| Median Household Income | $122,370 | $98,332 | $78,145 |
| Median Personal Income | $72,877 | $63,498 | $61,726 |
| Average income growth | 4.2% | 4.5% | 5.1% |
| Six-Figure Earners | 16.9% | 14.2% | 13.2% |
The median household income in Kaneohe is about 24% higher than in Hawaii. Income has been growing slower in Kaneohe (4.2%/yr) than in Hawaii (4.5%/yr).
About 17% of adults in Kaneohe earn six figures ($100,000 or more) a year, higher than the Hawaii average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Kaneohe, Hawaii grew by 53.5% from 2009 to 2023, reaching $122,370 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Kaneohe | Gender Pay Gap | Gini Coefficient
| Metric | Kaneohe | Hawaii Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.535 | 0.570 |
| Male Median Income | $82,724 | $68,848 | $67,746 |
| Female Median Income | $64,282 | $57,717 | $54,793 |
| Gender Pay Gap | 22.3% | 16.2% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Kaneohe, it is 0.517, lower than Hawaii's 0.535, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 29% more than women's income in Kaneohe, Hawaii. Over a 35-year career, a 29% wage gap accumulates to roughly $645,470 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kaneohe, Hawaii has narrowed from about 23% to 22% in 2023. In dollar terms, the gap has widened by $5,922 since 2009.
Employment
| Metric | Kaneohe | Hawaii Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.7% | 5.2% |
| Working from Home | 9.1% | 8.8% | 13.4% |
| Commute time (minutes) | 27 | 22 | 22 |
Approximately 669 people are unemployed in Kaneohe, Hawaii.
The average commute time in Kaneohe is 27 minutes, longer than the 22 minutes in Hawaii.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kaneohe, Hawaii has fallen from 4.9% to 4.2% in 2023.
Conclusion
Considering all these factors, Kaneohe, Hawaii has an overall wealth index grade of B, making it somewhat better than Hawaii, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Kaneohe, Hawaii.
How Rich Is Kaneohe, Hawaii?
Kaneohe has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $122,370, about 24% higher than the Hawaii average of $98,332.
What is the current median household income in Kaneohe, Hawaii?
As of 2023, the median household income in Kaneohe, Hawaii is $122,370.
What was the median household income in Kaneohe in 2023?
In 2023, the median household income in Kaneohe, Hawaii was $122,370.
What was the median household income in Kaneohe in 2020?
In 2020, the median household income in Kaneohe, Hawaii was $113,600.
What is the Gini coefficient in Kaneohe, Hawaii?
The Gini coefficient in Kaneohe is 0.517. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Kaneohe, Hawaii?
Since 2009, the income gap between men and women in Kaneohe, Hawaii has narrowed from about 23% to 22% in 2023. In dollar terms, the gap has widened by $5,922 since 2009.