Hempstead, TX Cost Of Living
Cost Of Living In Hempstead, TX Summary
Cost of living in 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 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 Texas, 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 Hempstead is 89, with 100 being the average.
The cost of living index in Hempstead is 0.9x lower than the national average.
Hempstead ranks as the #114 cheapest in Texas out of 414.
Hempstead ranks as the #1,060 cheapest out of 6,489 in the US.
The median home value in Hempstead is $288,368.
The median income in Hempstead is $58,288.
Table Of Contents
Hempstead's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hempstead, TX?
According to the most recent data on the cost of living, Hempstead has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Texas, Hempstead has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Hempstead ranks as #114 most affordable out of the 414 places we measured in Texas. By definition, that implies Hempstead ranks as the #300 most expensive place in the Lone Star State.
For more reading on life in Hempstead, check out:
In Texas
In America
Hempstead Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Hempstead. Here is how it fairs on each of the criteria:
The Services index in Hempstead is 93.
The Groceries index in Hempstead is 100.
The Health index in Hempstead is 101.
The Housing index in Hempstead is 76.
The Transportation index in Hempstead is 87.
The Utilities index in Hempstead is 105.
| Living Expense | Hempstead | Texas | National Average | |
|---|---|---|---|---|
| Overall | 89 | 92 | 100 | |
| Services | 93 | 97 | 100 | |
| Groceries | 100 | 97 | 100 | |
| Health | 101 | 93 | 100 | |
| Housing | 76 | 82 | 100 | |
| Transportation | 87 | 94 | 100 | |
| Utilities | 105 | 104 | 100 | |
Hempstead, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, 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 Hempstead is $288,368.
The Median Rent in Hempstead is $1,282.
The Median Income in Hempstead is $58,288.
The Home Value To Income in Hempstead is 4.9x.
The Rent To Monthly Income in Hempstead is 0.26x.
Median Home Value
Median Rent
Median Income
Hempstead, TX Costs By Category
Detailed Hempstead Services Costs Vs. Texas
Detailed Hempstead Groceries Costs Vs. Texas
Detailed Hempstead Health Costs Vs. Texas
Detailed Hempstead Transportation Costs Vs. Texas
Detailed Hempstead Utilities Costs Vs. Texas
Hempstead SnackAbility
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Cost Of Living In Cities Around Hempstead
The cost of living varies in the cities and towns around Hempstead. Here's a quick look at the cost of living in the most populous nearby places:
The Woodlands, TX has a cost of living index of 122, 1.4x Hempstead.
Sugar Land, TX has a cost of living index of 122, 1.4x Hempstead.
Mission Bend, TX has a cost of living index of 103, 1.2x Hempstead.
| City | Population | Cost Of Living | Vs. Hempstead |
|---|---|---|---|
| The Woodlands, TX | 116,916 | 122 | 1.4x |
| Sugar Land, TX | 109,735 | 122 | 1.4x |
| Mission Bend, TX | 37,280 | 103 | 1.2x |
| Pecan Grove, TX | 24,798 | 112 | 1.3x |
| Cinco Ranch, TX | 19,139 | 126 | 1.4x |
| Brenham, TX | 18,086 | 94 | 1.1x |
| Bellaire, TX | 17,116 | 185 | 2.1x |
| West University Place, TX | 14,907 | 225 | 2.5x |
| Four Corners, TX | 11,490 | 106 | 1.2x |
| Prairie View, TX | 8,220 | 98 | 1.1x |
