salaryRent is lower than in 69% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most households rent (62%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $51,920 a year. That is $25 an hour at a full-time job.
Is rent cheaper than other Texas cities?
Yes. Rent here is cheaper than in most of Texas. It is number 163 of 426 cities from cheapest to most expensive.
How much do households earn in Hempstead?
Share of households by yearly income. 18.4% of households earn $100,000 or more.
Rent by apartment size in Hempstead
| Size | Hempstead | U.S. average |
|---|---|---|
| 1 bedroom | $627 | $1,324 |
| 2 bedrooms | $1,287 | $1,509 |
| 3 bedrooms | $1,374 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hempstead overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hempstead, so the Texas figure is shown.
Taxes and bills in Hempstead
Life in Hempstead
Is it cheaper to rent or buy in Hempstead?
Buying is cheaper month to month: about $183 a month less than renting.
Owning assumes a typical $160,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,070 for the down payment.
Frequently asked questions
What is the average rent in Hempstead, TX?
Renting in Hempstead costs a median of about $1,298 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Hempstead?
To keep rent under 30% of income, you need about $51,920 a year, or $25 an hour at a full-time job.
Is Hempstead cheap or expensive?
Hempstead is rated OK: rent takes 24.1% of the typical household income of $64,754. It ranks 163rd cheapest of 426 Texas cities we track.
How much are property taxes in Hempstead?
The median homeowner in Hempstead pays $2,343 a year in property taxes, about 1.46% of the median home value.
Is Hempstead more expensive than the national average?
Overall prices in Texas are 3% below 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 $160,700, about 2.5 times the typical yearly household income.
6,137 people live in Hempstead. Numbers are typical (middle) values.