Homestead, FL is a vibrant city located in the Miami-Dade County region of Florida. With a population of just over 68,000, this city is home to many popular businesses and attractions. Residents pay an average of $1,690 per month for two bedroom rental units - slightly higher than the national average of $1,430. The cost of groceries in Homestead is also 4 percent higher than the US average given its Grocery Cost Index score of 104. \nLocal companies include Central Garden & Pet Company, Titan America, Kinetic Technologies Group Inc., EZPawn Express and Everglades Farm Equipment. With plenty of exciting activities such as shopping centers, art galleries and outdoor recreation areas around town, Homestead provides something for everyone!
Homestead has an unemployment rate of 8.7%. The US average is 6.0%.
Homestead has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%.
Tax Rates for Homestead
- The Sales Tax Rate for Homestead is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Homestead is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Homestead
- The average income of a Homestead resident is $17,231 a year. The US average is $28,555 a year.
- The Median household income of a Homestead resident is $52,334 a year. The US average is $69,021 a year.