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2024 Compare Cities Economy:
Key West, FL vs Homestead, FL

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Highlights
- Household income in Homestead, is 31% less than it is in Key West and is 32% below the National Average.
- Key West unemployment rate is 3.2%.
- Homestead unemployment rate is 8.7%.

Economy
 Key West, FLHomestead, FLUnited States
 Unemployment Rate3.2%8.7%6.0%
 Recent Job Growth-7.2%0.8%1.6%
 Future Job Growth14.9%40.7%33.5%
 Sales Taxes7.5%7.0%6.2%
 Income Taxes0.0%0.0%4.6%
 Income per Cap.$51,786$20,444$37,638
 Household Income$75,638$52,334$69,021
 Family Median Income$83,360$51,797$85,028
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 Est. Households By Income
 Key West, FLHomestead, FLUnited States
 Income Less Than 15K6.7%13.1%9.4%
 Income between 15K and 20K3.1%4.5%3.8%
 Income between 20K and 30K6.5%9.7%8.1%
 Income between 30K and 40K7.1%10.6%8.0%
 Income between 40K and 50K6.6%9.7%7.6%
 Income between 50K and 60K10.6%10.2%7.2%
 Income between 60K and 75K9.4%9.4%9.6%
 Income between 75K and 100K14.0%13.8%12.8%
 Income between 100K and 150K14.7%12.1%16.3%
 Income between 150K and 200K8.4%4.4%7.8%
 Income greater than 200K13.0%2.5%9.5%
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 Population By Occupation
 Key West, FLHomestead, FLUnited States
 Management, business, finance15.7%10.4%16.4%
 Engineering, computers, science2.8%2.0%6.5%
 Community, social services1.4%1.7%1.8%
 Legal0.7%0.1%1.2%
 Education, library4.5%4.5%6.2%
 Arts, design, media, sports, entertainment3.0%0.9%2.0%
 Healthcare practitioners and technology3.6%5.8%6.2%
 Healthcare support2.4%2.6%3.3%
 Firefighters, law enforcement2.2%4.8%2.1%
 Food preparation, serving12.4%5.4%5.4%
 Building maintenance5.7%7.1%3.6%
 Personal care4.2%2.9%2.6%
 Sales, office, administrative support21.8%22.8%20.9%
 Farming, fishing, forestry0.5%6.0%0.6%
 Construction, extraction, maintenance/repair12.3%13.8%8.1%
 Production, transportation, material moving6.7%9.1%13.1%

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Reviews for Key West    7 Reviews

I was raised in Key West since 1980, these average cost prices for rent that you are seeing were not even accurate then, let alone now in 2021. The average cost of  More

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Over 8 years ago

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I have lived in Key West for the last seven years. During that time, I have observed very little change in the cost of living. I work for a national company that pays  More

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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 6 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 6 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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ZIPS IN KEY WEST, FLORIDA
33040
ZIPS IN HOMESTEAD, FLORIDA
33030 33035

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