salaryRent is higher than in 56% of U.S. cities. A typical house costs about 4.7 years of household income. Commutes are long, about 33.3 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $70,840 a year. That is $34 an hour at a full-time job.
Is rent cheaper than other New York cities?
Yes. Rent here is cheaper than in most of New York. It is number 121 of 343 cities from cheapest to most expensive.
How much do households earn in Hempstead?
Share of households by yearly income. 33.8% of households earn $100,000 or more.
Rent by apartment size in Hempstead
| Size | Hempstead | U.S. average |
|---|---|---|
| Studio | $1,342 | $1,338 |
| 1 bedroom | $1,654 | $1,324 |
| 2 bedrooms | $1,778 | $1,509 |
| 3 bedrooms | $2,090 | $1,698 |
| 4 bedrooms | $3,149 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hempstead overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hempstead, so the New York figure is shown.
Taxes and bills in Hempstead
Life in Hempstead
Is it cheaper to rent or buy in Hempstead?
Renting is cheaper right now: about $1,417 a month less.
Owning assumes a typical $459,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $45,950 for the down payment.
Frequently asked questions
What is the average rent in Hempstead, NY?
Renting in Hempstead costs a median of about $1,771 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Hempstead?
To keep rent under 30% of income, you need about $70,840 a year, or $34 an hour at a full-time job.
Is Hempstead cheap or expensive?
Hempstead is rated OK: rent takes 21.8% of the typical household income of $97,518. It ranks 121st cheapest of 343 New York cities we track.
How much are property taxes in Hempstead?
The median homeowner in Hempstead pays $10,000+ a year in property taxes, about 2.18% of the median home value.
Is Hempstead more expensive than the national average?
Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hempstead?
The median home value in Hempstead is $459,500, about 4.7 times the typical yearly household income.
58,801 people live in Hempstead. Numbers are typical (middle) values.