Homestead, FL is a city located in Miami-Dade County with a population of approximately 65,000 people. The two bedroom rent for this area is $1,630 while the US average is $1,430. Additionally, groceries are a bit more expensive than the national average with a cost index of 111 versus 100 in the US. This city offers many local businesses and industries to meet its residents' needs. Some prominent companies include Walmart, Publix Supermarkets, Deering Estate at Cutler Park, Coca-Cola Bottling Company Consolidated and Jiffy Lube International. Walmart provides retail goods and groceries to residents while Publix Supermarkets offers grocery items as well as ready-made meals. Deering Estate at Cutler Park is an environmental education center; Coca-Cola Bottling Company Consolidated produces and distributes soft drinks and other beverages; and Jiffy Lube International offers vehicle maintenance services such as oil changes.
Homestead (zip 33031) has an unemployment rate of 8.2%. The US average is 6.0%.
Homestead (zip 33031) 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 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Homestead (zip 33031)
- The Sales Tax Rate for Homestead (zip 33031) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Homestead (zip 33031) 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 (zip 33031)
- The average income of a Homestead (zip 33031) resident is $29,217 a year. The US average is $28,555 a year.
- The Median household income of a Homestead (zip 33031) resident is $98,088 a year. The US average is $69,021 a year.