Is Hampstead a Good Place to Live?
Based on current data, Hampstead receives an overall livability score of 2.8 out of 5.0, earning a grade of C+. Key strengths include above-average household incomes, abundant sunshine, a low poverty rate. Areas to be aware of include high housing costs, above-average unemployment. Hampstead has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Hampstead is $150,000, which is significantly higher than the national average — 100% above $75,149. This places Hampstead among higher-income communities. At 9.0%, unemployment is notably high. Only 7.4% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 26 minutes.
Cost of Living & Housing
The median home value in Hampstead is $1,510,000, making it a premium housing market at 436% above the U.S. median of $281,900. Renters pay a median of $1,120 per month. With a home price-to-income ratio of 10.1x, housing affordability is a significant challenge for many families.
Education
32.4% of residents hold a bachelor's degree, below the national average of 33.7%. 15.7% have completed high school.
Climate & Weather
Hampstead experiences four distinct seasons with an average temperature of 47°F. Winters average 24°F in January while summers reach 73°F in July. The area gets 234 sunny days per year. Annual precipitation totals 52.1 inches, including 72.1 inches of snow.