Homestead, FL Local Data & Statistics

State: FL

Total population: 82,807 Household income: $65,423 Rent: $1,674

Overview

Total population

82,807

Rent

$1,674

Year built

2001

Household income

$65,423

Per capita income

$25,654

Poverty rate

18.4%

Unemployment rate

2.4%

Household size

3.2 persons

Rent over 30% of income

60.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available, with the exception of the unemployment rate, which is sourced from the Bureau of Labor Statistics (BLS). ACS 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Florida

Total population

82,807

Adults over 25

50,406

Total households

25,638

Household size

3.2 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Income & Poverty

Household income

$65,423

Per capita income

$25,654

Poverty rate

18.4%

Unemployment rate

2.4%

Rent over 30% of income

60.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Housing

Rent

$1,674

Year built

2001

Households that rent

51.7%

Households that own

48.3%

Rooms per home (all homes)

4.9

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Race

White

34.6%

Black

19.4%

Asian

0.7%

Two or more races

34.5%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Ethnicity

Hispanic or Latino

67.4%

Not Hispanic or Latino

32.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Commute

Commute rate

93.2%

Commute time to work

36 mins

Work from home

6.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Education

Less than high school

35.9%

High school graduate or GED

26.8%

Some college or associate degree

12.3%

Bachelor’s degree or higher

24.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Comparison of Homestead, FL with: Florida United States

Homestead, FL

Total population82,807

Rent$1,674

Year built2001

Household income$65,423

Per capita income$25,654

Poverty rate18.4%

Unemployment rate2.4%

Florida State

Total population22,416,077

Rent$1,669

Year built1988

Household income$74,568

Per capita income$42,609

Poverty rate12.6%

Unemployment rate3.4%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	CityHomestead, FL	StateFlorida	CountryUnited States
Total population	82,807	22,416,077	334,922,499
Rent	$1,674	$1,669	$1,413
Year built	2001	1988	1980
Household income	$65,423	$74,568	$80,734
Per capita income	$25,654	$42,609	$44,673
Poverty rate	18.4%	12.6%	12.5%
Unemployment rate	2.4%	3.4%	4%

View the complete comparison of Homestead, FL, Florida and United States →

Summary for Homestead, FL

Homestead is located in Florida.

Rent & Income

In Homestead, the typical monthly rent is $1,674 and the typical household income is $65,423. Rent here is similar to Florida and higher than the U.S., and household income is lower than both Florida and the U.S. The estimated poverty rate is 18.4%, which is higher than in both Florida and national.

Housing & Affordability

Renters make up about 51.7% of households, indicating a relatively balanced mix of renters and owners. About 60.2% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is moderate, with about 24.9% of adults holding a bachelor’s degree or higher. The local unemployment rate is 2.4%, which is lower than both Florida and the national rate.

Homestead, FL — Rent vs Household Income

Homestead, FL — Poverty vs Unemployment

How Homestead, FL compares in Florida (59 places)

Metric	This place	Rank	Starts from	Statewide range
Rent	$1,674	21 / 59	from lower rent	$1,246 – $2,851
Household income	$65,423	40 / 59	from higher income	$46,195 – $139,825
Poverty rate	18.4%	51 / 59	from lower poverty	6.1% – 30.8%
Unemployment rate	2.4%	4 / 59	from lower unemployment	2.1% – 4.5%

Rankings are calculated among cities and communities in Florida with total population > 50,000 (year 2024).

Detailed Ranking Explanation for Homestead, FL

Rent

In rent comparisons, Homestead comes in 21st out of 59 large places. Across Florida, rents vary from $1,246 in Winter Haven, FL to $2,851 in Weston, FL.

Household income

For household income, Homestead ranks 40th out of 59 large places. Across Florida, incomes range from $46,195 in Gainesville, FL to $139,825 in Weston, FL.

Poverty rate

Homestead places 51st out of 59 large communities for poverty. Statewide figures move from 6.1% in Weston, FL up to 30.8% in Gainesville, FL.

Unemployment rate

In terms of unemployment, Homestead is ranked 4th out of 59 major areas. Across Florida, rates go from 2.1% in Miami Beach, FL up to 4.5% in Daytona Beach, FL.

💰 Rent in Homestead, FL (with Utilities)

Estimated Monthly Rent: $1,674 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing, including the apartment or home and essential utilities such as heat, water, and electricity. Even when utilities are billed separately, an estimated average cost for utilities is included, in line with the U.S. Census Bureau’s (ACS) definition of gross rent.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in Homestead, FL

Annual Household Income: $65,423

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in this area — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in Homestead, FL

Estimated Rate: 18.4%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in Homestead, FL

In Homestead, FL, households that rent: 13,266 (51.7%)

📊 What does the renter household percentage reveal about this area?

Household Type	Count	Share
Renter-Occupied	13,266	51.7%
Owner-Occupied	12,372	48.3%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in Homestead, FL

In Homestead, FL, cost-burdened renters (households spending over 30% of income on housing): 7,984 (60.2%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	7,984	60.2%
Other renter households	5,282	39.8%
Total renter households	13,266	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in this area are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in Homestead, FL

Less than High School: 18,113 people (35.9%)

Includes adults who did not complete high school.

High School Graduate or GED: 13,527 people (26.8%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 6,191 people (12.3%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 12,575 people (24.9%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 50,406

📊 Unemployment Rate in Homestead, FL

Estimated Rate: 2.4%

💡 What does Unemployment Rate mean?

Definition: The unemployment rate is the percentage of people in the labor force who do not have a job but are actively looking for one.

Labor Force = Employed + Unemployed (aged 16+ and actively participating in the workforce).

Formula: (Unemployed ÷ Labor Force) × 100

Does NOT include: People who are retired, students not looking for work, homemakers, or otherwise not seeking employment.

Example: If there are 1000 people in the labor force and 80 are unemployed, then the unemployment rate is 8%.

Similar Population

Longview, TX82,765 Warwick, RI82,871 Cranston, RI82,632 Buena Park, CA83,052 Layton, UT82,512 Largo, FL82,506 Redwood City, CA82,423 Cicero, IL83,223 Mountain View, CA82,363 Farmington Hills, MI83,316

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.