Pros and Cons of Living In Homestead, Florida. Is Homestead, FL a Nice Place To Live or Retire?

Homestead, Florida

Moving to Homestead In Florida ? Is Homestead, FL a Nice Place To Live? Pros and Cons of Living in Homestead, Florida. Find out the best and worst about to live, raise a family or retire in Homestead.

Homestead is a city within Miami-Dade County in the U.S. state of Florida, between Biscayne National Park to the east and Everglades National Park to the west. Homestead is primarily a Miami suburb and a major agricultural area. It is a principal city of the Miami metropolitan area of South Florida, which was home to an estimated 6,012,331 people at the 2015 census. It is located approximately 26 miles (42 km) southwest of Miami, and 25 miles (40 km) northwest of Key Largo. The population was 80,737 as of the 2020 census.

The city of Homestead is located near the southern terminus of the Homestead Extension of Florida's Turnpike where it ends at its junction with U.S. 1. Homestead is immediately north and east of Florida City, and these...

DEMOGRAPHICS

Population
68937
Unemployment
6.3%
34% NAT AVG.
Poverty
23%
64% NAT AVG.
Cost Of Living
101
1% NAT AVG.

ECONOMICS

Median Home Cost
$235800
3% NAT AVG.
Median Income
$50723
25% NAT AVG.
Median Rent
$1303
12% NAT AVG.
Overall Score
4

CRIME REPORT

Total Crime
2314
40% NAT. AVG.
52% STATE AVG.
Violent Crime
610
123% NAT. AVG.
125% STATE AVG.
Property Crime
1704
23% NAT. AVG.
37% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 16
People Earning < $10,000
1 in 10
People Earning < $50,000
48.8%
People With Any Degree
1 in 2.9

ETHNICITY

Ethnicity Homestead USA
White 12.3% 60.1%
African American 20.5% 12.2%
American Indian 0% 0.6%
Asian 0.7% 5.6%
Hawaiian 0.1% 0.2%
Multiracial 0.7% 2.8%
Hispanic 65.3% 18.2%
Other 0.2% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Homestead USA
Less than $10,000 9.8% 5.8%
$10,000 to $14,999 4.4% 4.1%
$15,000 to $24,999 11% 8.5%
$25,000 to $34,999 10.4% 8.6%
$35,000 to $49,999 13.2% 12.0%
$50,000 to $74,999 20.5% 17.2%
$75,000 to $99,999 13.6% 12.8%
$100,000 to $149,999 11.9% 15.6%
$150,000 to $199,999 3.1% 7.1%

EDUCATION

Education Homestead USA
< 9th Grade 16% 5.0%
9-12th Grade 8% 7.0%
High School or GED 24% 27.0%
Other College 18% 20.0%
Associate's Degree 10% 9%
Bachelor's Degree 16% 20.0%
Master's Degree 6% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 1% 1.0%
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. 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.

Cost of living in Homestead is 101, which is 1% higher than national average. In Homestead, only 24% of adults have a bachelor's degree and 28% have some college but no degree. 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.
Homestead Scorecard

Jobs60%

Housing85%

Affordability30%

Safety40%

Amenities95%

Diversity85%

Education60%

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