Hempstead, NY is a suburban village located in Nassau County just outside New York City. It is home to many businesses such as Winthrop-University Hospital, Northwell Health, Hempstead Public Schools, Nassau Community College and more. Rent for a two bedroom apartment in Hempstead is steep at $2,420 per month compared to the US average of $1,430. The Grocery Cost Index here is similarly higher than the national average with it being 107 rather than 100. This means that people living in Hempstead should expect to pay more for groceries than anywhere else. With all these factors taken into account it is important to note that Hempstead still remains an attractive place to live due to its location close to New York City and its own amenities such as plentiful parks and schools.
Hempstead has an unemployment rate of 6.2%. The US average is 6.0%.
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 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Hempstead
- The Sales Tax Rate for Hempstead is 8.6%. The US average is 7.3%.
- The Income Tax Rate for 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 Hempstead
- The average income of a Hempstead resident is $37,985 a year. The US average is $28,555 a year.
- The Median household income of a Hempstead resident is $122,342 a year. The US average is $69,021 a year.