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Cost of Living in Homestead, FL

2025 Affordability Data & Housing Costs

106.0

Cost of Living Index (100 = US Average)

Moderate

Median Home Value

$346,500

Owner-occupied homes (2023 ACS)

Median Household Income

$61,975

Annual (2023 ACS)

Housing Costs

The median home value in Homestead is $346,500, which is close to the national average. The home price-to-income ratio is 5.6, indicating moderate affordability.

Income & Purchasing Power

The median household income in Homestead is $61,975 annually.

Compare with Other Cities

View all cities in Florida

Frequently Asked Questions

What is the cost of living index in Homestead, FL?

The COL index is 106.0, which is higher than the US average of 100.

What is the median home value in Homestead?

The median home value is $346,500.

What is the median rent in Homestead?

Data not available.

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