Housing costs in Homestead?
A typical home costs
$410,900, which is 21.5% more expensive than the national average of
$338,100 and 13.4% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Homestead costs
$1,690 per month, which is 18.2% more than the national average of
$1,430 and 7.7% more than the state average of
$1,560.
Can I afford Homestead?
To live comfortably in Homestead, Florida, a minimum annual income of
$78,840 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Homestead?
Homestead, Florida has a cost of living index rating slightly lower than that if the nation at 95 due mostly to its relatively low housing costs making up 33%, transportation at 13%, groceries (11%), utilities (7%) and healthcare making up 9%. Although utility costs remain relatively high due largely to expensive power sources such as coal or nuclear energy most other categories are either on par or even below average providing citizens with an overall reasonable cost of living compared with almost everywhere else in America while still affording them access to city amenities like cultural centers, recreational facilities and educational institutes.