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 165, which is 1.6x 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 121.
The standard of living in New Hempstead ranks as #285 most affordable out of the 336 places we measured in New York. By definition, that implies New Hempstead ranks as the #51 most expensive place in the Empire State.
For more reading on life in New Hempstead, check out:
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 fares on each of the criteria:
The Services index in New Hempstead is 109.
The Groceries index in New Hempstead is 112.
The Health index in New Hempstead is 293.
The Housing index in New Hempstead is 112.
The Transportation index in New Hempstead is 113.
The Utilities index in New Hempstead is 107.
| Living Expense | New Hempstead | New York | National Average |
|---|---|---|---|
| Overall | 165 | 121 | 100 |
| Services | 109 | 105 | 100 |
| Groceries | 112 | 108 | 100 |
| Health | 293 | 143 | 100 |
| Housing | 112 | 112 | 100 |
| Transportation | 113 | 114 | 100 |
| Utilities | 107 | 111 | 100 |
New Hempstead Cost Of Living Compared To New York Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New York, check out:
Protect your home budget Compare home warranties in New Hempstead Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in New Hempstead is $978,444.
The Median Rent in New Hempstead is $1,691.
The Median Income in New Hempstead is $126,165.
The Home Value To Income in New Hempstead is 7.8x.
The Rent To Monthly Income in New Hempstead is 0.16x.
| Statistic | New Hempstead | New York | United States |
|---|---|---|---|
| Median Home Value | $978,444 | $507,794 | $332,700 |
| Median Rent | $1,691 | $1,621 | $1,413 |
| Median Income | $126,165 | $85,974 | $80,734 |
| Home Value To Income | 7.8x | 5.9x | 4.1x |
| Rent To Monthly Income | 0.16x | 0.23x | 0.21x |
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
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 127, 0.8x New Hempstead.
Monsey, NY has a cost of living index of 167, 1.0x New Hempstead.
Eastchester, NY has a cost of living index of 168, 1.0x New Hempstead.
| City | Population | Cost Of Living | Vs. New Hempstead |
|---|---|---|---|
| Spring Valley, NY | 33,192 | 127 | 0.8x |
| Monsey, NY | 28,160 | 167 | 1.0x |
| Eastchester, NY | 20,491 | 168 | 1.0x |
| Scarsdale, NY | 18,010 | 280 | 1.7x |
| Dobbs Ferry, NY | 11,443 | 173 | 1.0x |
| New Square, NY | 9,803 | 154 | 0.9x |
| Hillcrest, NY | 9,071 | 141 | 0.9x |
| Viola, NY | 8,461 | 181 | 1.1x |
| Briarcliff Manor, NY | 7,519 | 178 | 1.1x |
| Pleasantville, NY | 7,371 | 178 | 1.1x |
