Living in New Hempstead, New York
Cost of living, income, home prices, rent and demographics of New Hempstead · Census data 2020–2024
New Hempstead has 5,472 residents with a median age of 32. The median household income is $126,165 (47% higher than the New York median), the median home value is $816,600, the median rent is $1,691/month.
New Hempstead at a glance
- Population
- 5,472
- Median age
- 32State: 39.8
- Median household income
- $126,165State: $85,974
- Median home value
- $816,600State: $423,800
- Median rent
- $1,691/moState: $1,621
- Homeowners
- 95.2%
- Bachelor's degree or higher
- 46.6%
- Average commute
- 29 min
Is New Hempstead a good place to live?
Pros: Median household income 47% higher than the New York median; an average commute of 29 minutes; unemployment of 5.5%; a poverty rate of 12.2%.
Cons: Home values 93% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in New Hempstead
Housing is the biggest part of the cost of living. In New Hempstead the median home value is $816,600, 145% higher than the U.S. median. Renters pay a median of $1,691 per month, which is 38.8% of household income. Homeowners with a mortgage pay $3,700 a month in housing costs.
New Hempstead median household income
The median household income in New Hempstead is $126,165 and the income per person is $40,594. 12.2% of residents live below the poverty line (New York: 14%).
Housing in New Hempstead: homes for sale and rent
- Housing units
- 1,479
- Owner-occupied
- 95.2%
- Renter-occupied
- 4.8%
- Vacant
- 5.1%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 3.82
New Hempstead demographics
- Population
- 5,472
- Median age
- 32
- Under 18
- 29.3%
- 65 and older
- 18.8%
- Households
- 1,403
- Foreign-born
- 12.5%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of New Hempstead ›
Education in New Hempstead
46.6% of adults 25 and older in New Hempstead have a bachelor's degree or higher (New York: 40.2%), and 20.7% have a graduate or professional degree.
Jobs and commute in New Hempstead
- Unemployment rate
- 5.5%State: 6.4%
- Average commute
- 29 minState: 33 min
- Work from home
- 10.9%
- Drive alone
- 73.9%
- Public transit
- 2.8%
- Walk to work
- 0%
- Homes with broadband
- 97.6%
New Hempstead vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Hempstead | 5,472 | $126,165 | $816,600 | $1,691 |
| New Square | 9,803 | $31,443 | $662,400 | $1,799 |
| Hillcrest | 9,071 | $141,743 | $567,400 | $2,577 |
| Wesley Hills | 6,196 | $209,345 | $909,800 | $1,866 |
| Kaser | 5,694 | $26,848 | $877,000 | $1,341 |
| Viola | 8,461 | $83,913 | $1,044,300 | $1,765 |
| Spring Valley | 33,192 | $57,196 | $381,800 | $1,695 |
| Monsey | 28,160 | $47,629 | $921,000 | $1,892 |
| Pomona | 3,996 | $156,000 | $767,600 | $1,819 |
More for people moving to New Hempstead
New Hempstead ZIP code ›Weather and climate ›Living in New Hempstead: FAQ
What is the median household income in New Hempstead, NY?
The median household income in New Hempstead is $126,165, 47% higher than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Hempstead?
The median home value in New Hempstead is $816,600, compared with $423,800 in New York.
How much is rent in New Hempstead?
The median gross rent in New Hempstead is $1,691 per month, about 38.8% of household income.
Is New Hempstead, NY a good place to live?
Pluses: median household income 47% higher than the New York median; an average commute of 29 minutes; unemployment of 5.5%; a poverty rate of 12.2%. Minuses: home values 93% higher than the state median.
What is the median age in New Hempstead?
The median age in New Hempstead is 32 years (New York: 39.8).
How long is the commute in New Hempstead?
The average commute to work in New Hempstead is 29 minutes; 10.9% of workers work from home.
What is the unemployment rate in New Hempstead?
The unemployment rate in New Hempstead is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Hempstead?
46.6% of adults in New Hempstead have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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