Cost of Living in Hempstead, NY
Population: 58,569 • 2026 Data
$82,454
Median Household Income
+7% vs national
$1,649
Median Monthly Rent
+22% vs national
$442,100
Median Home Value
+30% vs national
9.5%
Unemployment Rate
Housing in Hempstead
The median home value in Hempstead, NY is $442,100. Monthly rent for a typical unit averages $1,649, while total monthly housing costs (including utilities and insurance) average $1,997.
Rent-to-income ratio: 24.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Hempstead, NY is $82,454. The unemployment rate stands at 9.5%, with a labor force of 30,531 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.