Cost of Living in Homestead, FL
Population: 80,725 • 2026 Data
$61,975
Median Household Income
-20% vs national
$1,619
Median Monthly Rent
+20% vs national
$346,500
Median Home Value
+2% vs national
3.7%
Unemployment Rate
Housing in Homestead
The median home value in Homestead, FL is $346,500. Monthly rent for a typical unit averages $1,619, while total monthly housing costs (including utilities and insurance) average $1,659.
Rent-to-income ratio: 31.3%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Homestead, FL is $61,975. The unemployment rate stands at 3.7%, with a labor force of 38,617 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.