New Hempstead, NY Cost Of Living
Cost Of Living In New Hempstead, NY Summary
Cost of living in New Hempstead research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means New Hempstead is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in New Hempstead is 167, with 100 being the average.
The cost of living index in New Hempstead is 1.7x higher than the national average.
New Hempstead ranks as the #286 cheapest in New York out of 341.
New Hempstead ranks as the #6,016 cheapest out of 6,489 in the US.
The median home value in New Hempstead is $892,925.
The median income in New Hempstead is $131,293.
Table Of Contents
New Hempstead's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in New Hempstead, NY?
According to the most recent data on the cost of living, New Hempstead has an overall cost of living index of 167, which is 1.7x higher than the national index of 100.
Compared to New York, New Hempstead has a cost of living index that's 1.4x higher than New York's index of 119.
The standard of living in New Hempstead ranks as #286 most affordable out of the 341 places we measured in New York. By definition, that implies New Hempstead ranks as the #55 most expensive place in the Empire State.
For more reading on life in New Hempstead, check out:
In New York
In America
New Hempstead Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in New Hempstead. Here is how it fairs on each of the criteria:
The Services index in New Hempstead is 114.
The Groceries index in New Hempstead is 106.
The Health index in New Hempstead is 112.
The Housing index in New Hempstead is 288.
The Transportation index in New Hempstead is 101.
The Utilities index in New Hempstead is 132.
| Living Expense | New Hempstead | New York | National Average | |
|---|---|---|---|---|
| Overall | 167 | 119 | 100 | |
| Services | 114 | 110 | 100 | |
| Groceries | 106 | 103 | 100 | |
| Health | 112 | 101 | 100 | |
| Housing | 288 | 145 | 100 | |
| Transportation | 101 | 105 | 100 | |
| Utilities | 132 | 99 | 100 | |
New Hempstead, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in New Hempstead is $892,925.
The Median Rent in New Hempstead is $2,409.
The Median Income in New Hempstead is $131,293.
The Home Value To Income in New Hempstead is 6.8x.
The Rent To Monthly Income in New Hempstead is 0.22x.
| Statistic | New Hempstead | New York | United States |
|---|---|---|---|
| Median Home Value | $892,925 | $508,764 | $303,400 |
| Median Rent | $2,409 | $1,576 | $1,348 |
| Median Income | $131,293 | $84,578 | $78,538 |
| Home Value To Income | 6.8x | 6.0x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
New Hempstead, NY Costs By Category
Detailed New Hempstead Services Costs Vs. New York
| Item | New Hempstead | New York |
|---|---|---|
| Shampoo | $1.5 | $1.28 |
| Movie | $13.76 | $12.13 |
| Bowling | $19.63 | $18 |
| Haircut | $32.33 | $24.26 |
| Beauty Salon | $48.56 | $45.56 |
Detailed New Hempstead Groceries Costs Vs. New York
| Item | New Hempstead | New York |
|---|---|---|
| Ground Beef | $6.34 | $5.84 |
| Fried Chicken | $1.61 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.03 | $4.93 |
| Pizza | $10.07 | $12.09 |
| Beer | $10.62 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed New Hempstead Health Costs Vs. New York
| Item | New Hempstead | New York |
|---|---|---|
| Optometrist | $140.1 | $125.68 |
| Doctor | $143.23 | $135.78 |
| Dentist | $123.0 | $113.29 |
Detailed New Hempstead Transportation Costs Vs. New York
| Item | New Hempstead | New York |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $57.68 | $59.92 |
Detailed New Hempstead Utilities Costs Vs. New York
| Item | New Hempstead | New York |
|---|---|---|
| All Electricity | $281.67 | $193.99 |
| Phone | $185.16 | $192.25 |
New Hempstead SnackAbility
/10
Cost Of Living In Cities Around New Hempstead
The cost of living varies in the cities and towns around New Hempstead. Here's a quick look at the cost of living in the most populous nearby places:
Spring Valley, NY has a cost of living index of 128, 0.8x New Hempstead.
Monsey, NY has a cost of living index of 168, 1.0x New Hempstead.
Eastchester, NY has a cost of living index of 167, 1.0x New Hempstead.
| City | Population | Cost Of Living | Vs. New Hempstead |
|---|---|---|---|
| Spring Valley, NY | 32,995 | 128 | 0.8x |
| Monsey, NY | 27,787 | 168 | 1.0x |
| Eastchester, NY | 20,519 | 167 | 1.0x |
| Scarsdale, NY | 18,005 | 279 | 1.7x |
| Dobbs Ferry, NY | 11,397 | 173 | 1.0x |
| New Square, NY | 9,712 | 157 | 0.9x |
| Hillcrest, NY | 8,989 | 140 | 0.8x |
| Viola, NY | 7,470 | 181 | 1.1x |
| Pleasantville, NY | 7,395 | 176 | 1.1x |
| Briarcliff Manor, NY | 7,333 | 178 | 1.1x |
