South Hempstead, NY is a great place to live for those looking for a quieter lifestyle close to New York City. The 2 Bedroom Rent in South Hempstead, NY is $2,130 which is slightly higher than the US average of $1,430. Additionally, the Grocery Cost Index in South Hempstead is 107 compared to the US average of 100 which means goods are more expensive in South Hempstead.
The area is home to many local businesses including Harvest Moon Coffee Roasters, The Cookery, and South Hempstead Art Supply. Residents can also enjoy shopping at Village Pet Shop or take their car for maintenance at C&S Auto Repair Inc.
Although it may seem pricey to live in South Hempstead due to the high rent prices and grocery cost index, the overall cost of living is quite reasonable when all other expenses are taken into consideration.
South Hempstead has an unemployment rate of 5.9%. The US average is 6.0%.
South 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 South Hempstead
- The Sales Tax Rate for South Hempstead is 8.6%. The US average is 7.3%.
- The Income Tax Rate for South 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 South Hempstead
- The average income of a South Hempstead resident is $44,127 a year. The US average is $28,555 a year.
- The Median household income of a South Hempstead resident is $128,226 a year. The US average is $69,021 a year.