New Hyde Park, NY
Population 10,208 · New York
About New Hyde Park, NY
New Hyde Park is a mid-sized city located in New York with a population of 10,208 residents according to the latest US Census Bureau American Community Survey data. The median household income is $146,571 per year, which is 95% above the national median of $75,149. The median age of 43.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in New Hyde Park features a median home value of $700,400, which is 186% above the national median of $244,900. This places New Hyde Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,634, 40% above the national average of $1,163/month. Of the 3,683 total housing units, 86% are owner-occupied (3,044 units) and 14% are renter-occupied (491 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Hyde Park shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 4.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Hyde Park have an average one-way commute time of 37.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
50.1% of New Hyde Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.1% White, 1.3% Hispanic or Latino, 3.1% Black or African American, and 8.4% Asian residents, with 28.0% of the population being foreign-born.
Cost of Living in New Hyde Park, NY
Compared to national averages, New Hyde Park has a median household income of $146,571 (95% above the national median of $75,149). Home values average $700,400, which is 186% above the national median. Monthly rent at $1,634 is 40% above the US average of $1,163. Within New York, New Hyde Park's income is 51% above the state average of $96,987, and home values are 81% above the state median of $387,181.
Why Live in New Hyde Park, NY?
New Hyde Park offers a strong local economy with a median household income of $146,571, well above the national average, and a well-educated community where 50.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $700,400. However, New Hyde Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Hyde Park has a population of 10,208 with a median age of 43.5 years. Compare New Hyde Park with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near New Hyde Park
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fort Salonga | 10,203 | $182,165 | $843,000 | Compare |
| Massena | 10,234 | $48,810 | $99,200 | Compare |
| Oneida | 10,240 | $60,380 | $146,300 | Compare |
| South Huntington | 10,150 | $151,078 | $614,200 | Compare |
| Loudonville | 10,274 | $131,806 | $370,200 | Compare |
| Watervliet | 10,285 | $55,897 | $176,200 | Compare |
| Lancaster | 10,127 | $63,902 | $186,300 | Compare |
| Airmont | 10,082 | $101,868 | $649,300 | 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.
Compare New Hyde Park With Other Cities
Frequently Asked Questions about New Hyde Park
What is the population of New Hyde Park, NY?
The population of New Hyde Park, NY is 10,208 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New York.
What is the median household income in New Hyde Park?
The median household income in New Hyde Park, NY is $146,571 per year, which is 95% above the national median of $75,149.
What is the median home value in New Hyde Park?
The median home value in New Hyde Park, NY is $700,400, which is 186% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Hyde Park?
The median monthly rent in New Hyde Park, NY is $1,634, which is 40% above the national average of $1,163/month.
What is the unemployment rate in New Hyde Park?
The unemployment rate in New Hyde Park, NY is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Hyde Park, NY a good place to live?
New Hyde Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 10,208 and a median age of 43.5, the city appeals to a broad range of residents.
How educated is New Hyde Park, NY?
50.1% of residents in New Hyde Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in New Hyde Park?
Key cost-of-living indicators for New Hyde Park, NY: median home value is $700,400 (186% above national), median rent is $1,634/month, and median household income is $146,571. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in New Hyde Park?
The poverty rate in New Hyde Park, NY is 4.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Hyde Park, NY?
New Hyde Park's population is 0.1% White, 1.3% Hispanic or Latino, 3.1% Black or African American, 8.4% Asian, and 2.2% two or more races. 28.0% of residents are foreign-born.