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BlueBurbia - Cost of Living in Hempstead 2024
BlueBurbia


Cost of Living in Hempstead

By Joshua Wood, LPC

Summary: If you are thinking about moving to Hempstead, here is an overview of the cost of living there.

Hempstead, located in Nassau County on Long Island, has a diverse cost of living profile that reflects its proximity to New York City. Housing prices in Hempstead can vary widely depending on the neighborhood and the condition of the property. As of my knowledge cutoff in early 2023, the median home value in Hempstead for a 3-bedroom home is roughly between $400,000 and $500,000, while a 4-bedroom home may range from $450,000 to $600,000 or more. These prices can fluctuate based on market conditions and specific locations within Hempstead or its surrounding areas.

Apartment rentals also vary, with a 1-bedroom apartment typically ranging from $1,500 to $2,000 per month, while a 2-bedroom apartment can cost between $2,000 and $2,500 per month. For those looking to purchase an apartment, prices can start around $200,000 and go up significantly based on size, location, and amenities. Dining out in Hempstead offers a range of options, from casual eateries to more upscale restaurants. A meal at an inexpensive restaurant might cost around $15 to $25 per person, while a three-course meal at a mid-range restaurant could be between $50 and $100 per person.

Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Hempstead, can range from $150 to $250 per month, depending on usage and the time of year. Internet services typically add another $60 to $80 to monthly expenses. Private school tuition varies widely based on the institution and the level of education. Preschool costs can range from $500 to $1,500 per month. Elementary schools might charge between $5,000 and $20,000 per year, while middle and high schools can cost anywhere from $10,000 to over $30,000 annually. These figures are highly dependent on the school's reputation, facilities, and the educational programs offered.

Item Cost
3-Bedroom Home Purchase $400,000 - $500,000
4-Bedroom Home Purchase $450,000 - $600,000+
1-Bedroom Apartment Rental $1,500 - $2,000 / month
2-Bedroom Apartment Rental $2,000 - $2,500 / month
Apartment Purchase Starts at $200,000+
Inexpensive Restaurant Meal $15 - $25
Mid-Range Restaurant 3-Course Meal $50 - $100 per person
Monthly Utilities $150 - $250
Internet (monthly) $60 - $80
Private Preschool Tuition $500 - $1,500 / month
Private Elementary School Tuition $5,000 - $20,000 / year
Private Middle School Tuition $10,000 - $30,000+ / year
Private High School Tuition $10,000 - $30,000+ / year

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of BlueBurbia and serves as Co-President of Expat Exchange. Prior to Expat Exchange and BlueBurbia, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.


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