2025 Compare Cities Economy:
Homestead, FL vs Memphis, TN

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Highlights
- Household income in Memphis, is 16% less than it is in Homestead and is 57% below the National Average.
- Homestead unemployment rate is 8.7%.
- Memphis unemployment rate is 8.0%.
 Homestead, FLMemphis, TNUnited States
 Unemployment Rate  Unlock8.0%6.0%
 Recent Job Growth  Unlock2.1%1.6%
 Future Job Growth40.7%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$20,444  Unlock$37,638
 Household Income  Unlock$43,981$69,021
 Family Median Income$51,797  Unlock$85,028
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 Est. Households By Income
 Homestead, FLMemphis, TNUnited States
 Income Less Than 15K  Unlock17.7%9.4%
 Income between 15K and 20K4.5%  Unlock3.8%
 Income between 20K and 30K  Unlock12.0%8.1%
 Income between 30K and 40K10.6%  Unlock8.0%
 Income between 40K and 50K  Unlock9.2%7.6%
 Income between 50K and 60K10.2%  Unlock7.2%
 Income between 60K and 75K  Unlock9.2%9.6%
 Income between 75K and 100K13.8%  Unlock12.8%
 Income between 100K and 150K  Unlock9.6%16.3%
 Income between 150K and 200K4.4%  Unlock7.8%
 Income greater than 200K  Unlock4.7%9.5%
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 Population By Occupation
 Homestead, FLMemphis, TNUnited States
 Management, business, finance10.4%  Unlock16.4%
 Engineering, computers, science  Unlock3.7%6.5%
 Community, social services1.7%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library4.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology5.8%  Unlock6.2%
 Healthcare support  Unlock3.4%3.3%
 Firefighters, law enforcement4.8%  Unlock2.1%
 Food preparation, serving  Unlock6.1%5.4%
 Building maintenance7.1%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support22.8%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair13.8%  Unlock8.1%
 Production, transportation, material moving  Unlock20.7%13.1%
Reviews for Homestead    20 Reviews

I've lived in Homestead for about 12 years, and I can't wait to leave. It's a city full of poor people who can't afford to live in Miami by any stretch of the  More

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Over 7 years ago

It stinks with smelty Smokey air most evenings right in the heart of town. ATC’s run rampant. Police do nothing. Code enforcement is a laughable joke in most cases. You  More

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Over 7 years ago

My family has lived in Homestead for 4 years. Whatever you do make sure the area you rent/purchase is not within the limits of City of Homestead. Our electric bill is 4  More

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Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 5 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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