New Hempstead, NY
Population 5,431 · New York
About New Hempstead, NY
New Hempstead is a small community in New York with a population of 5,431 residents. The median household income is $131,293 per year, which is above the national average. The median age in New Hempstead is 37.3 years.
Housing in New Hempstead has a median home value of $707,300 and median monthly rent of $2,409. Of the 1,577 total housing units, the majority are owner-occupied, with 1,398 owner-occupied and 48 renter-occupied units.
The unemployment rate in New Hempstead is 5.3% and the poverty rate is 2.7%. 53.4% of residents hold a bachelor's degree or higher. The average commute time is 29.9 minutes.
Cost of Living in New Hempstead, NY
Compared to national averages, New Hempstead has a median household income of $131,293 (75% above the national median of $75,149). Home values average $707,300, which is 189% above the national median. Monthly rent at $2,409 is 107% above the US average of $1,163. Within New York, New Hempstead's income is 35% above the state average of $96,987, and home values are 83% above the state median of $387,181.
Why Live in New Hempstead, NY?
New Hempstead offers a strong local economy with a median household income of $131,293, well above the national average, and a well-educated community where 53.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $707,300. However, New Hempstead’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Hempstead has a population of 5,431 with a median age of 37.3 years. Compare New Hempstead with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near New Hempstead
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Williamsville | 5,430 | $106,250 | $242,800 | Compare |
| Fairport | 5,436 | $99,805 | $262,600 | Compare |
| North Hills | 5,419 | $196,938 | $1,212,900 | Compare |
| Hampton Manor | 5,448 | $105,504 | $223,300 | Compare |
| Malone | 5,466 | $59,489 | $103,500 | Compare |
| Blauvelt | 5,485 | $172,083 | $629,000 | Compare |
| Albion | 5,495 | $45,474 | $81,300 | Compare |
| Lake Mohegan | 5,566 | $160,741 | $483,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Hempstead
What is the population of New Hempstead, NY?
The population of New Hempstead, NY is 5,431 according to the latest Census data.
What is the median household income in New Hempstead?
The median household income in New Hempstead, NY is $131,293 per year.
What is the median home value in New Hempstead?
The median home value in New Hempstead, NY is $707,300.
What is the average rent in New Hempstead?
The median monthly rent in New Hempstead, NY is $2,409.
What is the unemployment rate in New Hempstead?
The unemployment rate in New Hempstead, NY is 5.3%.