What is the cost of living in New Hyde Park, NY?
According to the most recent data on the cost of living, New Hyde Park has an overall cost of living index of 163, which is 1.6x higher than the national index of 100.
Compared to New York, New Hyde Park has a cost of living index that's 1.3x higher than New York's index of 121.
The standard of living in New Hyde Park ranks as #280 most affordable out of the 336 places we measured in New York. By definition, that implies New Hyde Park ranks as the #56 most expensive place in the Empire State.
For more reading on life in New Hyde Park, check out:
New Hyde Park Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in New Hyde Park. Here is how it fares on each of the criteria:
The Services index in New Hyde Park is 105.
The Groceries index in New Hyde Park is 109.
The Health index in New Hyde Park is 294.
The Housing index in New Hyde Park is 109.
The Transportation index in New Hyde Park is 116.
The Utilities index in New Hyde Park is 113.
| Living Expense | New Hyde Park | New York | National Average |
|---|---|---|---|
| Overall | 163 | 121 | 100 |
| Services | 105 | 105 | 100 |
| Groceries | 109 | 108 | 100 |
| Health | 294 | 143 | 100 |
| Housing | 109 | 112 | 100 |
| Transportation | 116 | 114 | 100 |
| Utilities | 113 | 111 | 100 |
New Hyde Park 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 Hyde Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
New Hyde Park, 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 Hyde Park is $974,067.
The Median Rent in New Hyde Park is $2,172.
The Median Income in New Hyde Park is $142,927.
The Home Value To Income in New Hyde Park is 6.8x.
The Rent To Monthly Income in New Hyde Park is 0.18x.
| Statistic | New Hyde Park | New York | United States |
|---|---|---|---|
| Median Home Value | $974,067 | $507,794 | $332,700 |
| Median Rent | $2,172 | $1,621 | $1,413 |
| Median Income | $142,927 | $85,974 | $80,734 |
| Home Value To Income | 6.8x | 5.9x | 4.1x |
| Rent To Monthly Income | 0.18x | 0.23x | 0.21x |
New Hyde Park, NY Costs By Category
Detailed New Hyde Park Services costs vs. New York
| Item | New Hyde Park | New York |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed New Hyde Park Groceries costs vs. New York
| Item | New Hyde Park | New York |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed New Hyde Park Health costs vs. New York
| Item | New Hyde Park | New York |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed New Hyde Park Transportation costs vs. New York
| Item | New Hyde Park | New York |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed New Hyde Park Utilities costs vs. New York
| Item | New Hyde Park | New York |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
New Hyde Park SnackAbility
Cost Of Living In Cities Around New Hyde Park
The cost of living varies in the cities and towns around New Hyde Park. Here's a quick look at the cost of living in the most populous nearby places:
Levittown, NY has a cost of living index of 142, 0.9x New Hyde Park.
Plainview, NY has a cost of living index of 166, 1.0x New Hyde Park.
Merrick, NY has a cost of living index of 163, 1.0x New Hyde Park.
| City | Population | Cost Of Living | Vs. New Hyde Park |
|---|---|---|---|
| Levittown, NY | 51,904 | 142 | 0.9x |
| Plainview, NY | 25,982 | 166 | 1.0x |
| Merrick, NY | 21,744 | 163 | 1.0x |
| Massapequa, NY | 21,389 | 165 | 1.0x |
| Syosset, NY | 18,433 | 180 | 1.1x |
| Woodmere, NY | 18,061 | 186 | 1.1x |
| Massapequa Park, NY | 16,963 | 158 | 1.0x |
| Floral Park, NY | 16,169 | 165 | 1.0x |
| North New Hyde Park, NY | 14,159 | 169 | 1.0x |
| Malverne, NY | 8,477 | 151 | 0.9x |
