2025 Compare Cities Economy:
Homestead, FL vs Palmetto Bay, FL

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Highlights
- Household income in Palmetto Bay, is 151% more than it is in Homestead and is 48% above the National Average.
- Homestead unemployment rate is 8.7%.
- Palmetto Bay unemployment rate is 8.2%.
 Homestead, FLPalmetto Bay, FLUnited States
 Unemployment Rate  Unlock8.2%6.0%
 Recent Job Growth  Unlock0.8%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$131,605$69,021
 Family Median Income$51,797  Unlock$85,028
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 Est. Households By Income
 Homestead, FLPalmetto Bay, FLUnited States
 Income Less Than 15K  Unlock2.9%9.4%
 Income between 15K and 20K4.5%  Unlock3.8%
 Income between 20K and 30K  Unlock6.1%8.1%
 Income between 30K and 40K10.6%  Unlock8.0%
 Income between 40K and 50K  Unlock4.6%7.6%
 Income between 50K and 60K10.2%  Unlock7.2%
 Income between 60K and 75K  Unlock4.0%9.6%
 Income between 75K and 100K13.8%  Unlock12.8%
 Income between 100K and 150K  Unlock18.2%16.3%
 Income between 150K and 200K4.4%  Unlock7.8%
 Income greater than 200K  Unlock30.5%9.5%
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 Population By Occupation
 Homestead, FLPalmetto Bay, FLUnited States
 Management, business, finance10.4%  Unlock16.4%
 Engineering, computers, science  Unlock6.1%6.5%
 Community, social services1.7%  Unlock1.8%
 Legal  Unlock5.6%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  Unlock0.6%3.3%
 Firefighters, law enforcement4.8%  Unlock2.1%
 Food preparation, serving  Unlock2.9%5.4%
 Building maintenance7.1%  Unlock3.6%
 Personal care  Unlock2.5%2.6%
 Sales, office, administrative support22.8%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair13.8%  Unlock8.1%
 Production, transportation, material moving  Unlock6.6%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 Palmetto Bay    2 Reviews

My family and I recently went to Deering Estate for an afternoon picnic and had an excellent time. We brought in all types of food and drink, we brought a lg blanket,  More

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My family and I recently went to Deering Estate for an afternoon picnic and had an excellent time. We brought in all types of food and drink, we brought a lg blanket,  More

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