Cost of Living in North New Hyde Park, NY

Population 14,354 · New York · Data vintage 2023

226
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in North New Hyde Park sits 162% above the national median — $798,000 for the typical home — but median household incomes near $164,340 (120% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Located 14 miles east of New York, North New Hyde Park falls within that metro's commuting orbit. Housing prices track closely with New York's $752,000 median.

Cost Overview

Housing 262
Rent 174

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in North New Hyde Park

The median home value in North New Hyde Park is $797,600 — 162% above the national median of $305,000. Median rent runs $2,283/month, 74% higher than the national median of $1,314/month. The median household income of $164,340/year is 120% higher than the US median of $74,580. The local unemployment rate is 4.5%, below the national average of 4.8%. New York's top state income tax rate is 10.9% and the combined sales tax is 8.5%. The climate averages highs of 61.6°F and lows of 47.0°F, with about 25.9" of annual snowfall. Overall, North New Hyde Park has a cost of living index of 226 versus the US average of 100, meaning it is 126% more expensive.

🏠 Housing

Median Home Value
$797,600
162% above avg
Median Rent
$2,283/mo
74% above avg
Price-to-Rent Ratio
29.1x
Favors renting
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$965
1 BR
$1,051
2 BR
$1,302
3 BR
$1,619
4 BR
$1,813
Owner-occupied 96.1%
Renter-occupied 3.9%

💰 Estimated Monthly Budget

Rent median rent
$2,283
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,897/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
45.1 min
67% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.8%

Commute Mode

Drove alone
61.1%
Carpooled
7.5%
Public transit
15.8%
Walked
3.3%
Bicycle
0.2%
Work from home
11.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.9%
Total Sales Tax 8.5%
State rate 4.0%
Avg local rate 4.5%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$164,340
120% above avg
Per Capita Income
$67,324
Unemployment Rate
4.5%
6% below avg
Poverty Rate
2.5%
Labor Force Participation
62.2%

🎓 Education

Bachelor's degree+ 34.2%
Graduate degree 24.8%

👥 Demographics

Median Age 45.5
Male median age 47.2
Female median age 44.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.6°F
Avg Low
47.0°F
Annual Precip
43.3"
Annual Snowfall
25.9"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404249596878848276655445
Low °F 262734435362696861504032
Precip" 3.232.763.943.553.663.853.864.113.583.723.073.96
Snow" 7.58.64.30.60.00.00.00.00.00.00.44.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 31 — Good
75.3%
Good air days/yr
197
Max AQI recorded
365
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in North New Hyde Park, NY?

North New Hyde Park has a cost index of 226 (100 = national average). It is 126% above the national average.

What is average rent in North New Hyde Park, NY?

The median gross rent in North New Hyde Park is $2,283 per month based on 2023 Census data.

What is the average home price in North New Hyde Park?

The median home value in North New Hyde Park is $797,600 according to 2023 Census ACS data.

What is the median income in North New Hyde Park?

The median household income in North New Hyde Park is $164,340 per year (2023 ACS 5-year estimates).

What is the sales tax in North New Hyde Park, NY?

The combined state and local sales tax rate in North New Hyde Park is 8.5%. The New York state income tax top rate is 10.9%.

Is North New Hyde Park, NY affordable?

North New Hyde Park is above average in cost of living, with an index of 226 — about 126% higher than the national average.

What is the weather like in North New Hyde Park?

North New Hyde Park has average high temperatures of 61.6°F and average lows of 47.0°F. Annual precipitation is 43.3". Average annual snowfall is 25.9". Data from NOAA 1991–2020 Climate Normals.

North New Hyde Park at a Glance

Population
14,354
Median Income
$164,340
Home Value
$797,600
Median Rent
$2,283/mo
Unemployment
4.5%
Avg High Temp
61.6°F
Sales Tax
8.5%
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