Cost of Living in Homestead, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
126.9
100 = national avg
+26.9 vs national average
Living Wage (1 Adult)
$55,843
per year
Living Wage (Family of 4)
$131,992
per year
Cost Index by Category
Housing179.1
Food97.4
Transportation94.7
Healthcare97.9
Utilities114.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,995
per month
2 Bedroom
$2,436
per month
The overall cost of living index in Homestead is 126.9, which is 26.9% above the national average. Housing costs are above the national average at an index of 179.1. A single adult needs to earn approximately $55,843 per year to cover basic expenses.