Homestead is a city in Florida state in USA with a population of 68937 residents.. The poverty rate of Homestead is 23%, which is 64% higher than national average. The typical household in Homestead earns $50723 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 10 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 48.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Homestead, only 76% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Homestead remained 6.3%, which is 34% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Homestead, only 24% of adults have a bachelor's degree and 28% have some college but no degree.

Cost of living in Homestead is 101, which is 1% higher than national average. Median home value in Homestead is $235800 , which is 3% higher than national average. While median income in Homestead remained $50723, which is 25% lower than national average.