Cost of Living in Hempstead, New York
Hempstead has a population of about 58,801. The median household income is $90,420, median gross rent is $1,622/month, and the median home value is $459,500. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Hempstead expensive to live in?
Compared with the national median in this dataset, rent in Hempstead is about the national median and home values are 23% above the national median. Household income here is 8% above the national median. Monthly rent represents roughly 22% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Hempstead?
The median gross rent in Hempstead, New York is $1,622 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Hempstead?
The median owner-occupied home value in Hempstead is $459,500 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Hempstead?
The median household income in Hempstead is $90,420 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.