Housing costs in South Hempstead?
A typical home costs
$573,400, which is 69.6% more expensive than the national average of
$338,100 and 38.6% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in South Hempstead costs
$2,130 per month, which is 49.0% more than the national average of
$1,430 and 8.0% more than the state average of
$1,960.
Can I afford South Hempstead?
To live comfortably in South Hempstead, New York, a minimum annual income of
$109,800 for a family, and
$71,200 for a single person is recommended.
What does A.I. say about South Hempstead?
The cost of living in South Hempstead, NY is quite high compared to other areas. Housing prices can be expensive and many services are more costly than the national average. The median home cost in South Hempstead is $356,300 which is much higher than the national median of $231,200. Goods and services are also more expensive with residents spending up to 19.3% more than the national average on groceries, health care, utilities, transportation and entertainment expenses. Although it may be pricey, South Hempstead offers a variety of amenities that make the extra cost worth it for many people.