West Hempstead, NY Economy


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West Hempstead, NY is a great place to live due to its high quality of life and affordable housing. The average 2 bedroom rent in West Hempstead is $2,540, which is much lower than the US 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index in West Hempstead is 107 versus 100 in the US. This makes it an affordable and desirable place to live for those on a budget. There are many great companies located in West Hempstead including Northshore-LIJ Health System, Sterling National Bank, and Tractor Supply Company. Furthermore, there are lots of great attractions and activities available for residents such as Eisenhower Park, Adventureland Amusement Park, Old Westbury Gardens and Nassau County Museum of Art. With its affordability and variety of activities West Hempstead makes a perfect place to call home!

West Hempstead has an unemployment rate of 5.9%. The US average is 6.0%.

West Hempstead has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.

Tax Rates for West Hempstead
- The Sales Tax Rate for West Hempstead is 8.6%. The US average is 7.3%.
- The Income Tax Rate for West Hempstead is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for West Hempstead
- The average income of a West Hempstead resident is $37,566 a year. The US average is $28,555 a year.
- The Median household income of a West Hempstead resident is $136,425 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Hempstead, New YorkUnited States
  5.96
  -6.6%-6.2%
  28.3%33.5%
  8.6%6.2%
  6.2%4.6%
  $45,232$37,638
  $136,425$69,021
  $146,008$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.7%6.8%
  2.5%10.0%
  1.3%2.5%
  10.2%11.0%
  6.3%4.8%
  0.9%0.8%
  1.2%1.9%
  8.3%4.7%
  2.4%1.9%
  7.2%7.6%
  0.1%0.1%
  3.5%4.2%
  13.0%9.3%
  19.7%14.0%
  1.9%2.1%
  5.9%7.0%
  2.6%4.8%
  5.3%4.7%
Reviews for West Hempstead
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if you can afford to live in the Greater NY/NJ area, Long island offers a more "civilized" family-oriented environment to raise kids. Housing slightly cheaper. Try  More

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