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