Residential comparison · 13 facts
Homestead, FL vs Key West, FL
Compare the housing, tax, cost, income, safety, school, and climate facts that are available for both places. The table shows the numbers without declaring one city universally better.
A household earning $85,000 in Homestead needs about $98,500 in Key West to keep the same lifestyle.
Coming from Key West, $85,000 of lifestyle costs about $71,500 in Homestead.
A few differences
- Key West is higher on median household income ($87,037 vs $65,423).
- Homestead is lower on cost of living index (103 vs 142).
- Homestead is lower on 2-bedroom rent ($1,529/mo vs $2,445/mo).
Homestead vs Key West · facet by facet
| Facet | Homestead, FL | Key West, FL |
|---|---|---|
| Median home price | $380,000 | $852,400 |
| 2-bedroom rent | $1,529/mo | $2,445/mo |
| Property tax rate | 0.8% | 0.8% |
| State & local income tax | 0% | 0% |
| Sales tax | 7% | 7% |
| Cost of living index | 103 | 142 |
| Groceries index | 103 | 103 |
| Utilities | $180/mo | $180/mo |
| Median household income | $65,423 | $87,037 |
| Unemployment rate | 3.3% | 3.3% |
| Crime index | 45/100 | 45/100 |
| School rating | 5.8/10 | 5.8/10 |
| Sunny days / year | 240 days | 240 days |
Data: Census ACS 2024 · BLS · Tax Foundation 2024 brackets · HUD/Zillow · NOAA 1991–2020 · FEMA NRI · Values are shown as reported; no universal winner is implied.
Full profiles: Homestead, FL · Key West, FL
Questions & answers
- Is Homestead cheaper than Key West?
- Homestead has the lower day-to-day cost index (103 vs 142 against a national 100). The other differences are shown facet by facet in the table.
- What household income in Key West equals $85,000 in Homestead?
- A household earning $85,000 in Homestead needs about $98,500 in Key West to keep the same lifestyle; coming the other way, $85,000 of Key West lifestyle costs about $71,500 in Homestead.