Housing costs in New Hyde Park?
A typical home costs
$798,900, which is 136.3% more expensive than the national average of
$338,100 and 93.2% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New Hyde Park costs
$2,540 per month, which is 77.6% more than the national average of
$1,430 and 22.8% more than the state average of
$1,960.
Can I afford New Hyde Park?
To live comfortably in New Hyde Park, New York, a minimum annual income of
$153,000 for a family, and
$84,400 for a single person is recommended.
What does A.I. say about New Hyde Park?
The cost of living in New Hyde Park, NY is relatively high compared to the national average. The median home price is around $535,000 and rental rates are similarly expensive. Utilities such as electric and gas are slightly lower than the national average, but food prices are higher. In addition, taxes can be quite steep in the area, making it difficult for some families to afford living there. All in all, living in New Hyde Park requires careful budgeting if you want to make it work.