2026 Compare Cities Economy:
Margate, FL vs Homestead, FL

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Highlights
- Household income in Homestead, is 1% less than it is in Margate and is 32% below the National Average.
- Margate unemployment rate is 5.5%.
- Homestead unemployment rate is 8.7%.
 Margate, FLHomestead, FLUnited States
 Unemployment Rate  Unlock8.7%6.0%
 Recent Job Growth  Unlock0.8%1.6%
 Future Job Growth39.8%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$30,399  Unlock$37,638
 Household Income  Unlock$52,334$69,021
 Family Median Income$68,485  Unlock$85,028
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 Est. Households By Income
 Margate, FLHomestead, FLUnited States
 Income Less Than 15K  Unlock13.1%9.4%
 Income between 15K and 20K5.1%  Unlock3.8%
 Income between 20K and 30K  Unlock9.7%8.1%
 Income between 30K and 40K9.7%  Unlock8.0%
 Income between 40K and 50K  Unlock9.7%7.6%
 Income between 50K and 60K7.1%  Unlock7.2%
 Income between 60K and 75K  Unlock9.4%9.6%
 Income between 75K and 100K12.7%  Unlock12.8%
 Income between 100K and 150K  Unlock12.1%16.3%
 Income between 150K and 200K4.4%  Unlock7.8%
 Income greater than 200K  Unlock2.5%9.5%
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 Population By Occupation
 Margate, FLHomestead, FLUnited States
 Management, business, finance13.9%  Unlock16.4%
 Engineering, computers, science  Unlock2.0%6.5%
 Community, social services1.4%  Unlock1.8%
 Legal  Unlock0.1%1.2%
 Education, library4.2%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.9%2.0%
 Healthcare practitioners and technology5.1%  Unlock6.2%
 Healthcare support  Unlock2.6%3.3%
 Firefighters, law enforcement3.0%  Unlock2.1%
 Food preparation, serving  Unlock5.4%5.4%
 Building maintenance4.8%  Unlock3.6%
 Personal care  Unlock2.9%2.6%
 Sales, office, administrative support22.6%  Unlock20.9%
 Farming, fishing, forestry  Unlock6.0%0.6%
 Construction, extraction, maintenance/repair9.2%  Unlock8.1%
 Production, transportation, material moving  Unlock9.1%13.1%
Reviews for Margate    3 Reviews

Over 12 years ago

Butterfly World, is minutes away from Margate and the largest selection of butterflies, it is a must see. The Festival Flea Market is one of the best flea markets I've  More

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Over 15 years ago

I have lived here in Margate, FL for the past 7 years and I must say it has been very nice. The people here are nice and as far as the crime rate goes I must say I have  More

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Over 16 years ago

The crime statistics you see listed for Margate Florida are misleading, I have lived in Margate for years, I like many of Margate residents have had my home broken into  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 8 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 8 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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