Hempstead, NY Cost of Living


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How much do I need to live in Hempstead, New York?
$10,050 / month
for a family, 86.1% more expensive than the national average A total of $120,600 for the year for a family.
$6,733 / month
for a single person, 41.2% more expensive than the national average A total of $80,800 for the year for a single person.

Hempstead cost of living score
160.6
More expensive
60.6% higher
than the US average
32.2% higher
than the New York average
Hempstead, New York gets a BestPlaces Cost of Living score of 160.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 60.6% higher than the U.S. average and 32.2% lower than the average for New York.

Hempstead, NY

Housing costs in Hempstead?
A typical home costs $628,900, which is 86.0% more expensive than the national average of $338,100 and 52.1% more expensive than the average New York home, at $413,600. Renting a two-bedroom unit in Hempstead costs $2,420 per month, which is 69.2% more than the national average of $1,430 and 19.0% more than the state average of $1,960.

Can I afford Hempstead?
To live comfortably in Hempstead, New York, a minimum annual income of $120,600 for a family, and $80,800 for a single person is recommended.

What does A.I. say about Hempstead?
Living costs in Hempstead tend to be quite affordable when compared with NYC’s five boroughs with their median rents around 11 percent cheaper and overall housing around 26 percent less expensive. This makes it an attractive option for individuals looking for a quieter lifestyle without breaking their budget on rent payments each month. Additionally, grocery expenses remain competitively priced along with transportation and other essential necessities which keeps total expense lower when compared with neighboring communities nearby
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHempsteadNew YorkUnited States
    Unlock121.5100.0
  107.3  Unlock100.0
    Unlock120.7100.0
  143.6  Unlock100.0
    Unlock$413,600$338,100
  124.6  Unlock100.0
    Unlock140.7100.0
  156.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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