Cost of Living and Housing in Hempstead, New York

Hempstead has about 58,801 residents. Median gross rent is $1,622 per month and median household income is $90,420.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $1,622/mo Close to the dataset median

Median Home Value $459,500 23% above the dataset median

Median Household Income $90,420 8% above the dataset median

Owner-Occupied Homes 47% Share of occupied housing units

Rent-to-Income Baseline 22% Annual median rent ÷ household income

Home Value-to-Income 5.1x Median value ÷ household income

How Hempstead compares

Rent is close to the dataset median, while household income is 8% above the dataset median. Within New York, Hempstead ranks #32 from lowest to highest rent and #53 from highest to lowest household income among 87 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in New York

Frequently asked questions

What is the median rent in Hempstead?

Median gross rent is $1,622 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Hempstead?

The median value of owner-occupied homes is $459,500 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Hempstead is $90,420 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.