Hempstead, NY Cost Of Living
Cost Of Living In Hempstead, NY Summary
Cost of living in Hempstead research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hempstead is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hempstead is 138, with 100 being the average.
The cost of living index in Hempstead is 1.4x higher than the national average.
Hempstead ranks as the #178 cheapest in New York out of 340.
Hempstead ranks as the #5,521 cheapest out of 6,412 in the US.
The median home value in Hempstead is $358,200.
The median income in Hempstead is $74,680.
Table Of Contents
Hempstead's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hempstead, NY?
According to the most recent data on the cost of living, Hempstead has an overall cost of living index of 138, which is 1.4x higher than the national index of 100.
Compared to New York, Hempstead has a cost of living index that's 1.1x higher than New York's index of 126.
The standard of living in Hempstead ranks as #178 most affordable out of the 340 places we measured in New York. By definition, that implies Hempstead ranks as the #162 most expensive place in the Empire State.
For more reading on life in Hempstead, check out:
- Living In Hempstead
- Hempstead Crime Report
- Search Homes For Sale In Hempstead, NY
In New York
In America
Hempstead Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Hempstead. Here is how it fairs on each of the criteria:
The Services index in Hempstead is 135.
The Groceries index in Hempstead is 146.
The Health index in Hempstead is 112.
The Housing index in Hempstead is 156.
The Transportation index in Hempstead is 133.
The Utilities index in Hempstead is 99.
| Living Expense | Hempstead | New York | National Average | |
|---|---|---|---|---|
| Overall | 138 | 126 | 100 | |
| Services | 135 | 110 | 100 | |
| Groceries | 146 | 104 | 100 | |
| Health | 112 | 105 | 100 | |
| Housing | 156 | 175 | 100 | |
| Transportation | 133 | 107 | 100 | |
| Utilities | 99 | 102 | 100 | |
Hempstead, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hempstead is $358,200.
The Median Rent in Hempstead is $1,581.
The Median Income in Hempstead is $74,680.
The Home Value To Income in Hempstead is 4.8x.
The Rent To Monthly Income in Hempstead is 0.25x.
| Statistic | Hempstead | New York | United States |
|---|---|---|---|
| Median Home Value | $358,200 | $340,600 | $244,900 |
| Median Rent | $1,581 | $1,390 | $1,163 |
| Median Income | $74,680 | $75,157 | $69,021 |
| Home Value To Income | 4.8x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Hempstead, NY Costs By Category
Detailed Hempstead Services Costs Vs. New York
Detailed Hempstead Groceries Costs Vs. New York
Detailed Hempstead Health Costs Vs. New York
Detailed Hempstead Transportation Costs Vs. New York
Detailed Hempstead Utilities Costs Vs. New York
Hempstead SnackAbility
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Cost Of Living In Cities Around Hempstead
The cost of living varies in the cities and towns around Hempstead. Here's a quick look at the cost of living in the most populous nearby places:
Levittown, NY has a cost of living index of 140, 1.0x Hempstead.
Baldwin, NY has a cost of living index of 148, 1.1x Hempstead.
Uniondale, NY has a cost of living index of 143, 1.0x Hempstead.
| City | Population | Cost Of Living | Vs. Hempstead |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 1.0x |
| Baldwin, NY | 33,352 | 148 | 1.1x |
| Uniondale, NY | 32,791 | 143 | 1.0x |
| Plainview, NY | 26,665 | 155 | 1.1x |
| Massapequa, NY | 22,249 | 163 | 1.2x |
| Merrick, NY | 20,990 | 172 | 1.2x |
| West Hempstead, NY | 20,729 | 153 | 1.1x |
| Syosset, NY | 19,347 | 177 | 1.3x |
| Roosevelt, NY | 18,019 | 137 | 1.0x |
| Woodmere, NY | 17,267 | 176 | 1.3x |
