Hempstead, New York Income Statistics
Hempstead Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Hempstead Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hempstead | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $89,135 | $86,556 | $80,455 |
| Median Personal Income | $52,026 | $70,316 | $60,758 |
| Average Yearly Income Growth | 6.0% | 4.5% | 4.8% |
| Six-Figure Earners | 8.3% | 16.7% | 13.9% |
| $200k+ Households | 17.0% | 17.1% | 13.2% |
The median household income in Hempstead is about 3% higher than in New York. Income has been growing faster in Hempstead (6.0%/yr) than in New York (4.5%/yr).
About 8% of adults in Hempstead earn six figures ($100,000 or more) a year, lower than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hempstead, New York grew by 66.8% from 2009 to 2024, reaching $89,135 in 2024. That's an average of about 6.0% per year.
Income Inequality and the Gender Pay Gap in Hempstead
| Metric | Hempstead | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.554 | 0.557 | 0.552 |
| Male Median Income | $55,042 | $77,531 | $69,667 |
| Female Median Income | $57,277 | $67,892 | $56,850 |
| Gender Pay Gap | -4.1% | 12.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Hempstead, it is 0.554, about the same as New York's 0.557, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Women's income is about 4% more than men's income in Hempstead, New York. Over a 35-year career, a 4% wage gap accumulates to roughly $78,225 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hempstead, New York has widened from about -2% to -4% in 2024. Over that period the gap was widest at 4% in 2010, and in 2015 women out-earned men by 14%. In dollar terms, the gap has narrowed by $1,721 since 2009.
Employment
| Metric | Hempstead | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.2% | 6.4% | 5.2% |
| Working from Home | 7.3% | 15.0% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 2,865 people are unemployed in Hempstead, New York.
The average commute time in Hempstead is 30 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hempstead, New York has fallen from 11.7% to 9.2% in 2024. Over that period the rate peaked at 11.7% in 2013 and fell as low as 4.3% in 2018.
Hempstead, NY Wealth Compared With Nearby Cities
Hempstead, NY is the largest of the 4 cities compared here, 58,804 residents against a local median of 23,057. Where Hempstead, NY breaks from the cities next to it is unemployment, sitting 66% above the local median of 5.5% at 9.2%. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $89,135 against a local median of $161,495, 45% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Hempstead, NY reads weaker than its neighbours on all of them. The cities themselves spread 3.3% on unemployment, so Hempstead, NY sits at one end of an already wide local range rather than apart from it. Hempstead, NY has the 4th lowest unemployment of the 4 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Hempstead, NY | 58,804 | $89,135 #4/4 | 6.0%/yr #3/4 | 9.2% #4/4 | 0.554 #3/4 |
| Uniondale, NY | 33,148 | $124,657 | 6.7%/yr | 7.2% | 0.573 |
| West Hempstead, NY | 20,645 | $161,495 | 6.3%/yr | 5.5% | 0.546 |
| Garden City, NY | 23,057 | $206,430 | 3.3%/yr | 3.9% | 0.506 |
Conclusion
Considering all these factors, Hempstead, New York has an overall wealth index grade of D, making it somewhat worse than New York, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hempstead, New York.
How Rich Is Hempstead, New York?
Hempstead has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $89,135, about 3% higher than the New York average of $86,556.
How fast is household income rising in Hempstead, New York?
Between 2009 and 2024, the median household income in Hempstead, New York rose 67%, from $53,425 to $89,135. Over the same years, income here outpaced New York as a whole: +67% against +56%.
What was the median household income in Hempstead in 2023?
In 2023, the median household income in Hempstead, New York was $81,038, up 2% from $79,354 in 2022. The New York median that year was $85,199.
What was the median household income in Hempstead in 2020?
In 2020, the median household income in Hempstead, New York was $69,411. By 2024 it had risen 28% to $89,135.
How strong is the job market in Hempstead, New York?
Unemployment in Hempstead, New York is 9.2%, well above the New York rate of 6.4%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Hempstead, New York?
The Gini coefficient in Hempstead is 0.554. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Hempstead, New York?
Since 2009, the income gap between men and women in Hempstead, New York has widened from about -2% to -4% in 2024. Over that period the gap was widest at 4% in 2010, and in 2015 women out-earned men by 14%. In dollar terms, the gap has narrowed by $1,721 since 2009.
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