Housing costs in Hempstead?
A typical home costs
$169,400, which is 49.9% less expensive than the national average of
$338,100 and 43.1% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Hempstead costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and 19.6% cheaper than the state average of
$1,280.
Can I afford Hempstead?
To live comfortably in Hempstead, Texas, a minimum annual income of
$32,400 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Hempstead?
Hempstead, TX is known for its affordable cost of living. The cost of living index in Hempstead is 84.5, which is 16.5 points lower than the national average. This means that residents can expect to pay less for their goods and services than residents in other locations across the country. Additionally, housing costs are relatively low when compared to other cities throughout Texas, making it an attractive option for those looking to save money on their rent or purchase a home at an affordable price.