Maui Business

Study: Maui Tops List of 2018’s Best Beach Towns to Live in

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Maui Now file photo.

A new study includes two Maui locations on a top 10 list of the best ocean beach towns in the US.

Lahaina in West Maui was ranked #1; and Kīhei in South Maui was ranked #8 on the list compiled by the personal-finance website WalletHub.

The site compared 205 cities across 58 key metrics when compiling the data to determine the most livable beachside communities ahead of the summer peak moving season.

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The study notes that Wailuku has the lowest median annual property taxes at 0.16%, which is 18 times lower than in Shirley, N.Y., the city with the highest at 2.88%.

The study divides beach towns into two categories, those by the ocean and those by lakes and includes the following:

Top 10 Best Ocean Beach Towns in America Top 10 Best Lake Beach Towns in America
1 Lahaina, HI 1 Traverse City, MI
2 Naples, FL 2 Eden Prairie, MN
3 Sarasota, FL 3 Folsom, CA
4 Mill Valley, CA 4 Highland Park, IL
5 St. Augustine, FL 5 Mequon, WI
6 Santa Monica, CA 6 Holland, MI
7 Boca Raton, FL 7 Alpena, MI
8 Kīhei, HI 8 Bay Village, OH
9 Westport, CT 9 Mercer Island, WA
10 Key West, FL 10 Redmond, WA

Maui Now graphic by Wendy Osher. Click to view in greater detail.

42% of Maui Home Sales go to Mainland Buyers:

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In an unrelated study, the 2016 State of Hawaiʻi Data Book, shows that 42% of Maui home sales went to mainland buyers.

There were 2,576 home sales in Maui County in 2016; 1,428 were local buyers; 1,077 were mainland buyers; and 71 were foreign buyers.

The average home price on Maui in May of 2018 was $695,000 for a Single Family home; and $475,000 for Condominiums.

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