Cost of Living in South Hempstead, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
254.5
100 = national avg
+154.5 vs national average
Living Wage (1 Adult)
$111,986
per year
Living Wage (Family of 4)
$264,694
per year
Cost Index by Category
Housing314.8
Food184.3
Transportation268.6
Healthcare167.5
Utilities193.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,379
per month
2 Bedroom
$2,747
per month
The overall cost of living index in South Hempstead is 254.5, which is 154.5% above the national average. Housing costs are above the national average at an index of 314.8. A single adult needs to earn approximately $111,986 per year to cover basic expenses.