Cost of living in Homestead

Composed in-house · four inputs · 14% of the overall score

62/100
51st of 60

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The four inputs

Housing cost index91

Miami 10045% · scores 84

Effective property tax rate0.98%

Miami 0.86%25% · scores 71

Utilities163

Miami 10020% · scores 0

Local sales tax7.00%

Miami median 7.00%10% · scores 60

Vertical rule marks the Miami reference. Composed in-house · ACS 2020–24. Every scale is on the methodology page.

Best Miami suburbs for cost of living

All 60 ranked, Homestead highlighted

1Kendall WestA−$409,500 2Biscayne GardensB+$414,800 3MargateB+$316,200 4Deerfield BeachB+$309,600 5North Miami BeachB+$366,700 6Delray BeachB+$420,300 7Kendale LakesB+$404,500 8GreenacresB+$291,000 9TamaracB$288,600 10Hallandale BeachB$279,100 11Dania BeachB$319,800 12Lake Worth BeachB$401,200 13South Miami HeightsB$407,100 14West Palm BeachB$414,200 15Country ClubB$378,600 16Royal Palm BeachB$437,700 17West Little RiverB$375,300 18Miami BeachB$556,700 19TamiamiB$482,100 20Lauderdale LakesB$214,100 21Boynton BeachB$351,100 22HialeahB$392,000 23LauderhillB$272,900 24HollywoodB$410,600 25Ives EstatesB$294,700 26KendallB$567,900 27The AcreageB$524,800 28Oakland ParkB−$385,000 29FountainebleauB−$320,200 30Cutler BayB−$472,700 31JupiterB−$608,600 32Fort LauderdaleB−$486,700 33SunriseB−$354,500 34Coconut CreekB−$309,600 35WestchesterB−$508,700 36North MiamiB−$365,000 37Pompano BeachB−$349,300 38MiamiB−$518,100 39PrincetonB−$426,900 40Richmond WestB−$489,100 41Palm Beach GardensB−$606,100 42Miami GardensB−$378,500 43PlantationB−$483,500 44Riviera BeachB−$354,500 45Pembroke PinesB−$439,500 46DavieC+$462,900 47AventuraC+$451,100 48MiramarC+$462,700 49North LauderdaleC+$307,100 50The HammocksC$468,100 51HomesteadC$380,000 52Boca RatonC$722,700 53Coral SpringsC$545,400 54Miami LakesC−$626,400 55DoralC−$562,800 56WellingtonC−$599,400 57Cooper CityD+$620,900 58WestonD+$695,600 59Coral GablesD$1,089,900 60ParklandD$983,000

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Better than Homestead on cost of living

Homestead grades C on cost of living. Six suburbs are within 25 miles and score higher on the same four inputs.

SuburbCost of livingMedian home valueEff. tax rateOverall

Kendall West17 mi from HomesteadA−$410k0.70% 55 C− Kendale Lakes17 mi from HomesteadB+$405k0.68% 58 C South Miami Heights9 mi from HomesteadB$407k0.64% 53 C− Tamiami20 mi from HomesteadB$482k0.76% 58 C Kendall15 mi from HomesteadB$568k0.71% 61 C Fountainebleau22 mi from HomesteadB−$320k0.75% 58 C

Cost-of-living index composed in-house from housing cost, utilities, effective property tax and local sales tax · Median home value: ACS 2020–24 · Effective property tax: ACS 2020–24

Six Miami lists

Best Miami suburbs for families Most affordable Miami suburbs Best Miami suburbs for schools Shortest commutes to Downtown Miami Most walkable Miami suburbs Best Miami suburbs for young professionals

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How this works

How we score Miami suburbs — every weight and source Twelve guides to moving to Miami