Is Homestead a Good Place to Live?
Based on current data, Homestead receives an overall livability score of 3.3 out of 5.0, earning a grade of B. Key strengths include affordable housing, abundant sunshine, a low poverty rate. Areas to be aware of include above-average unemployment, long commute times, high obesity rates. Homestead offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Homestead is $63,750, 15% below the national average of $75,149. The unemployment rate of 7.5% is somewhat elevated compared to the national rate of 3.6%. Only 2.9% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 39 minutes, longer than the typical American commute of 28 minutes.
Cost of Living & Housing
The median home value in Homestead is $95,000, 66% below the national median — offering relatively affordable homeownership. Renters pay a median of $588 per month, below the national average — a plus for affordability. At just 1.5x median income, home prices are very affordable relative to local earnings.
Education
6.5% of residents hold a bachelor's degree, below the national average of 33.7%. 82.2% have completed high school. Area schools have an average test score of 5.5/10.
Climate & Weather
With 297 sunny days per year, residents enjoy well above the national average of sunshine. Air quality is rated Good with a median AQI of 41.