Where is the cheapest place to live on Maui?
If you're looking for affordable living options on Maui, you're not alone. While the island is known for its stunning natural beauty and luxurious lifestyle, many people are also searching for more budget-friendly options. Fortunately, there are some areas on Maui where you can still enjoy the island life without breaking the bank. In this blog, I'll explore where the cheapest place to live on Maui is and why.
Wailuku: The Cheapest Place to Live on Maui
When it comes to affordable living on Maui, the town of Wailuku stands out as the most budget-friendly option. Located in central Maui, Wailuku offers a lower cost of living compared to other areas on the island. In fact, according to the website Numbeo, the cost of living in Wailuku is 14% lower than in Lahaina, a popular tourist destination on the west side of the island.
One of the main reasons for Wailuku's affordability is its distance from the more touristy areas of Maui. While Wailuku is just a short drive from many of Maui's top attractions, it doesn't offer the same level of beachfront luxury as other areas like Kaanapali or Wailea. However, for those who are willing to trade some of the glitz and glamour for a more laid-back lifestyle, Wailuku is an excellent option.
Housing Options in Wailuku
Wailuku offers a range of housing options for those seeking a more budget-friendly lifestyle. From apartments to single-family homes, there's something for everyone in this charming town.
One popular option for those on a tight budget is to rent an apartment in Wailuku. According to Zillow, the median rent for a one-bedroom apartment in Wailuku is around $1,500 per month, while a two-bedroom apartment rents for around $2,000 per month. While this may still seem steep to some, it's important to keep in mind that rental prices on Maui are generally higher than on the mainland due to the island's limited space and high demand.(these figures may have changed since this blog was posted)
For those who are looking to buy a home in Wailuku, there are also some affordable options available. According to Zillow, the median home value in Wailuku is around $655,000. While this may seem expensive, it's important to keep in mind that housing prices on Maui are generally higher than on the mainland due to the island's limited space and high demand.
One advantage of buying a home in Wailuku is that you may be able to find a property with a larger lot size than in some of the more touristy areas of Maui. This can be a major advantage if you enjoy gardening or outdoor activities, as it provides more space to enjoy your hobbies.
While Wailuku may not offer the same level of beachfront luxury as some of the more touristy areas of Maui, there are still plenty of things to do in the area
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Adam Miller R(S)81648
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Real Broker, LLC
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