Zip 11550 (Hempstead, NY) Economy


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11550 Hempstead, NY is a great place to live with plenty of local amenities. The 2 bedroom rent is $2,070 and grocery cost index is 106 versus 100 in the US, making it a great value for families. There are many local companies and attractions available to residents such as the Nassau Coliseum where tourists and locals alike can enjoy regular sporting events, concerts and more. Additionally, there are many corporate headquarters located in the area such as MSC Industrial Supply Co., Cholikh Financial Services and Jones Lang LaSalle Americas Inc. With close access to major highways and small businesses located nearby, 11550 Hempstead, NY provides the perfect balance of small town living with big city convenience.

Hempstead (zip 11550) has an unemployment rate of 6.2%. The US average is 6.0%.

Hempstead (zip 11550) has seen the job market decrease by -6.6% 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 (zip 11550)
- The Sales Tax Rate for Hempstead (zip 11550) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Hempstead (zip 11550) 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 (zip 11550)
- The average income of a Hempstead (zip 11550) resident is $29,738 a year. The US average is $37,638 a year.
- The Median household income of a Hempstead (zip 11550) resident is $76,430 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHempstead, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Hempstead
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Over 13 years ago

The Hispanic population is much greater than the 3.10% and may actually be closer to 50%. We have many Hispanic restaurants, delis, and bodegas. My favorite deli is  More

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