Living in New Hyde Park, New York
Cost of living, income, home prices, rent and demographics of New Hyde Park · Census data 2020–2024
New Hyde Park has 10,220 residents with a median age of 43.2. The median household income is $142,927 (66% higher than the New York median), the median home value is $722,900, the median rent is $2,172/month.
New Hyde Park at a glance
- Population
- 10,220
- Median age
- 43.2State: 39.8
- Median household income
- $142,927State: $85,974
- Median home value
- $722,900State: $423,800
- Median rent
- $2,172/moState: $1,621
- Homeowners
- 86.9%
- Bachelor's degree or higher
- 48.4%
- Average commute
- 38 min
Is New Hyde Park a good place to live?
Pros: Median household income 66% higher than the New York median; unemployment of 4.9%; a poverty rate of 3.6%.
Cons: Home values 71% higher than the state median; an average commute of 38 minutes.
The weather is best in May–June and August–September.
Cost of living in New Hyde Park
Housing is the biggest part of the cost of living. In New Hyde Park the median home value is $722,900, 117% higher than the U.S. median. Renters pay a median of $2,172 per month, which is 29.3% of household income. Homeowners with a mortgage pay $3,621 a month in housing costs.
New Hyde Park median household income
The median household income in New Hyde Park is $142,927 and the income per person is $64,210. 3.6% of residents live below the poverty line (New York: 14%).
Housing in New Hyde Park: homes for sale and rent
- Housing units
- 3,678
- Owner-occupied
- 86.9%
- Renter-occupied
- 13.1%
- Vacant
- 3.9%Includes seasonal homes
- Median year built
- 1951
- Average household size
- 2.89
New Hyde Park demographics
- Population
- 10,220
- Median age
- 43.2
- Under 18
- 18.7%
- 65 and older
- 19.2%
- Households
- 3,534
- Foreign-born
- 30.9%
- Veterans
- 2.9%Adults 18+
Hispanic or Latino can be of any race. Population history of New Hyde Park ›
Education in New Hyde Park
48.4% of adults 25 and older in New Hyde Park have a bachelor's degree or higher (New York: 40.2%), and 19.6% have a graduate or professional degree.
Jobs and commute in New Hyde Park
- Unemployment rate
- 4.9%State: 6.4%
- Average commute
- 38 minState: 33 min
- Work from home
- 20.4%
- Drive alone
- 51.9%
- Public transit
- 11.9%
- Walk to work
- 2%
- Homes with broadband
- 94.9%
New Hyde Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Hyde Park | 10,220 | $142,927 | $722,900 | $2,172 |
| Stewart Manor | 1,797 | $155,000 | $799,700 | $1,921 |
| North New Hyde Park | 14,159 | $172,440 | $796,700 | $2,768 |
| Floral Park | 16,169 | $150,084 | $789,600 | $2,243 |
| Garden City Park | 7,914 | $149,800 | $834,500 | $2,009 |
| South Floral Park | 1,706 | $119,496 | $603,400 | $1,938 |
| Bellerose | 1,136 | $232,250 | $863,400 | $2,214 |
| Manhasset Hills | 3,692 | $165,536 | $1,057,800 | $3,501 |
| Garden City South | 4,075 | $136,164 | $740,400 | $2,638 |
More for people moving to New Hyde Park
New Hyde Park ZIP code ›Weather and climate ›Living in New Hyde Park: FAQ
What is the median household income in New Hyde Park, NY?
The median household income in New Hyde Park is $142,927, 66% 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 Hyde Park?
The median home value in New Hyde Park is $722,900, compared with $423,800 in New York.
How much is rent in New Hyde Park?
The median gross rent in New Hyde Park is $2,172 per month, about 29.3% of household income.
Is New Hyde Park, NY a good place to live?
Pluses: median household income 66% higher than the New York median; unemployment of 4.9%; a poverty rate of 3.6%. Minuses: home values 71% higher than the state median; an average commute of 38 minutes.
What is the median age in New Hyde Park?
The median age in New Hyde Park is 43.2 years (New York: 39.8).
How long is the commute in New Hyde Park?
The average commute to work in New Hyde Park is 38 minutes; 20.4% of workers work from home.
What is the unemployment rate in New Hyde Park?
The unemployment rate in New Hyde Park is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Hyde Park?
48.4% of adults in New Hyde Park 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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