Housing costs in Homestead?
A typical home costs
$746,400, which is 120.8% more expensive than the national average of
$338,100 and 106.0% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Homestead costs
$1,630 per month, which is 14.0% more than the national average of
$1,430 and 4.3% more than the state average of
$1,560.
Can I afford Homestead?
To live comfortably in Homestead (zip 33031), Florida, a minimum annual income of
$142,920 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Homestead?
Living in 33031 Homestead, FL can be quite affordable. According to BestPlaces, the cost of living index is 40.57 which is lower than the US average of 100. This means that basic expenses such as food, transportation, and housing are cheaper in Homestead when compared to other cities. Rental prices for a 1-bedroom apartment can range from $719 - $1,100 with utilities included. Food costs such as groceries tend to be slightly better priced than the US average and transportation costs are comparable to similar cities. All in all, living in 33031 Homestead Florida can be quite affordable when compared to other parts of the country.