Village Center Economic Information
Maui County
From 2010 to 2013, Maui County's population grew more than 3.5%, ahead of the statewide growth of 3.2%, according to the U.S. Census Bureau. As of 2013, Maui County accounted for 11.4% of the state's total population. By the year 2030, the island of Maui's resident population is expected to grow to nearly 195,000, an increase of 35% over 2010.
Between 1990 and 2011, the total number of wage and salary jobs in Maui County grew by about 800 jobs per year, with particularly notable growth in the Professional and Business Services sector. Projections anticipate wage and salary jobs will continue to grow by approximately 1.1% per year.
While economic data indicate that Maui's economy has diversified over the years and is less reliant on tourism compared to previous years, the islands' primary economic driver continues to be the hospitality industry. In 2012, nearly 2.5 million visitors traveled to Maui, resulting in $3.5 billion in visitor expenditures on the island. That same year, Maui hotels recorded an annual occupancy rate of 72.6%, and of the four major islands in the state, the highest average room rate of $257.95.
An industry of growing importance is the knowledge and technology sector, including professional, technical and scientific services; computer systems and programming; enterprise management; administrative and waste management; health and social services; and information technologies.
The island of Maui - and Central Maui in particular - has periodically experienced acute shortages of available space and land for industrial and commercial use. At times, vacancy levels have fallen to less than 1%, leading to rapid growth in rent prices.
Major Economic Sectors*, County of Maui
• Hotels
• Retail
• Government
• Food & Beverage
• Health Services
• Business Services
• Mining / Construction
* based on number of jobs projected for 2015
Daily Traffic Volumes in Vicinity of Waiale Road / Kuikahi Drive Intersection
Intersection Leg |
2013 |
Projected 2015 |
Waiale Road / Kuikahi Drive |
14,000 |
20,000 |
Kuikahi Drive Extension East of Waiale Road |
11,000 |
27,000 |
Population
Radius from Kuikahi Drive & Waiale Road
|
1 mile |
3 miles |
10 miles |
2013 Population |
9,988 |
51,766 |
79,127 |
2018 Projected Population |
10,655 |
54,306 |
83,153 |
Household Income
Radius from Kuikahi Drive & Waiale Road
|
1 mile |
3 miles |
10 miles |
2013 Average Household Income |
$85,226 |
$71,673 |
$73,652 |
2015 Projected Average |
$99,552 |
$81,660 |
$83,355 |
© 2008-2014 Commercial Properties of Maui. We obtained the information in this site from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.