Housing costs in New Hempstead?
A typical home costs
$660,000, which is 95.2% more expensive than the national average of
$338,100 and 59.6% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New Hempstead costs
$2,220 per month, which is 55.2% more than the national average of
$1,430 and 11.7% more than the state average of
$1,960.
Can I afford New Hempstead?
To live comfortably in New Hempstead, New York, a minimum annual income of
$126,360 for a family, and
$78,400 for a single person is recommended.
What does A.I. say about New Hempstead?
New Hempstead, NY is known for its high cost of living. The median home cost in the city is $365,000, which is significantly higher than the national median home cost of $184,700. Additionally, the median household income for the city is $77,212 annually, well above the national median of $61,937. This combination of high incomes and expensive housing costs makes New Hempstead an expensive place to live. Renting can be just as costly with the average monthly rent at around $1,750 per month. All other living costs such as utilities and healthcare are also higher than average when compared to the rest of the country.