Housing costs in Homestead?
A typical home costs
$61,700, which is 81.8% less expensive than the national average of
$338,100 and 74.6% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Homestead costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 19.8% cheaper than the state average of
$1,210.
Can I afford Homestead?
To live comfortably in Homestead, Pennsylvania, a minimum annual income of
$11,880 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Homestead?
The cost of living in Homestead, PA is generally quite affordable. According to BestPlaces's database, the cost of living index in Homestead is 54.45 – a full 35 points lower than the U.S. average of 89.35. This means that the overall cost of goods and services – including housing, food, transportation, and healthcare – is much lower than most other parts of the country. Furthermore, the median household income in Homestead is approximately $30,000 – meaning that even with a modest salary it's still possible to make ends meet without sacrificing too much in terms of quality of life or entertainment options.