Miami-dade County · Florida · South · 83k residents
Homestead, FL: economy, jobs & business costs
The site-selection read on Homestead: labor costs, talent, corporate tax, energy, and business activity, with the Florida median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,573/wk. Florida's corporate income tax rate is 5.5%. Commercial electricity averages 11.0¢/kWh.
Compare Homestead side by side
Avg. weekly wage
$1,573/wk
Corporate income tax
5.5%
Bachelor's degree or higher
24.9%
Commercial electricity
11.0¢/kWh
Economic momentum
How fast Homestead's economy is moving, ranked against the US cities we track.
74/100
Heating
Ranks Homestead's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $380,000 |
| Price per sq. ft. | $260 |
| Property tax rate | 0.8% |
| 1-bedroom rent | $1,153/mo |
| 2-bedroom rent | $1,529/mo |
| State & local income tax | 0% |
| Sales tax | 7% |
| Corporate income tax | 5.5% |
| Avg. weekly wage | $1,573/wk |
| Bachelor's degree or higher | 24.9% |
| Commercial electricity | 11.0¢/kWh |
| Businesses per 1k residents | 43.3/1k |
| Wage: Software developer | $132,650 |
| Wage: Registered nurse | $91,380 |
| Wage: General manager | $105,640 |
| Wage: Customer service | $39,560 |
| Wage: Warehouse worker | $36,110 |
| Wage: Heavy truck driver | $51,580 |
| Wage: Electrician | $58,630 |
| Wage: Retail salesperson | $34,330 |
| Cost of living index | 103 |
| Groceries index | 103 |
| Utilities | $180/mo |
| Transit pass | $65/mo |
| Gas price | $3.25/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,000/mo |
| Median household income | $65,423 |
| Unemployment rate | 3.3% |
| Population | 83k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 34/100 |
| Disaster risk | 100/100 |
| Avg. commute | 28 min |
| Sunny days / year | 240 days |
| July high | 92°F |
| January low | 55°F |
| Annual snowfall | 0 in |
| Home price YoY | -5.0% |
| Home price MoM | -0.1% |
| Rent YoY | -2.0% |
| Rent MoM | 0.0% |
| Employment (jobs) YoY | +1.4% |
| Building permits YoY | +15.0% |
| Ocean coast | 27 mi |
| Big lake | 103 mi |
| Mountains | 639 mi |
| Major airport | 25 mi |
| Ski resort | 720 mi |
Popular comparisons
Nearby
- Leisure City, FL · 28k
- Princeton, FL · 43k
- Richmond West, FL · 36k
- South Miami Heights, FL · 39k
- Cutler Bay, FL · 45k
Similar size
- Largo, FL · 83k
- The Villages, FL · 83k
- Miami Beach, FL · 82k
- Kissimmee, FL · 81k
- Boynton Beach, FL · 81k
Real listings in Homestead
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Homestead a good place to run a business?
- Florida's corporate income tax rate is 5.5%; average weekly wages in the surrounding labor market run $1,573/wk; commercial electricity averages 11.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Homestead, FL?
- Homestead indexes at 103 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,529/mo and a acs median home value of $380,000.
- How much does a house cost in Homestead?
- The acs median home value in Homestead is $380,000 (Census ACS estimate; individual listings vary).
- How much is rent in Homestead?
- A two-bedroom in Homestead rents for about $1,529/mo.