North Miami, FL vs Homestead, FL: Cost of Living

Which city costs less?

Homestead, FL has a modeled overall cost index 8.8% higher than North Miami, FL.

North Miami, FL · modeled 2BR rent: $2,420 / month
Homestead, FL · modeled 2BR rent: $2,275 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

Adjust your income and compare the budget ↓

Tap to swap

Cost of Living Comparison 2026

Compare North Miami, FL and Homestead, FL using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in North Miami, FL

Numbers update automatically as you type

Estimated extra cost: $434/month in Homestead, FL

$150,000 in your current city has a modeled equivalent of $155,209 in Homestead, FL

Regional cost estimates: North Miami, FL uses Hialeah, FL. Homestead, FL uses Miami, FL. Available city ZIP rent estimates are shown separately.

Overall Cost

↑ 8.8%

More expensive

Monthly Impact

$434

Extra cost

Annual Impact

$5.2K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

North Miami, FL

Population:59K

Cost Index:

108.8

100 = national average

Typical Home:$479K

Homestead, FL

Population:82K

Cost Index:

118.4

100 = national average

Typical Home:$465K

Planning the move to Homestead?

Organize packing, address changes, and moving-day tasks with a free checklist. Your progress saves in this browser. No account needed.

Plan my move with the free checklist

North Miami, FL

The Sunshine State

59K

Population

State Tax

No Income Tax

Located in Florida, this city has a population of 59K residents.

💡 Advantage: Florida has no state income tax!

Homestead, FL

The Sunshine State

82K

Population

State Tax

No Income Tax

Located in Florida, this city has a population of 82K residents.

💡 Advantage: Florida has no state income tax!

Cost Breakdown by Category

Estimated monthly spending: North Miami, FL vs Homestead, FL

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	North Miami, FL	Homestead, FL	Difference	Change
Housing	$2,571/mo	$2,894/mo	↑ $324more	12.6%
Other	$1,693/mo	$1,824/mo	↑ $131more	7.7%
Transportation	$1,285/mo	$1,274/mo	↓ $11.47less	0.9%
Groceries	$963/mo	$959/mo	↓ $4.31less	0.4%
Healthcare	$525/mo	$523/mo	↓ $2.35less	0.4%
All Utilities	$463/mo	$461/mo	↓ $2.07less	0.4%

Housing

↑ 12.6%

North Miami, FL

$2,571

Homestead, FL

$2,894

Difference

$324

Other

↑ 7.7%

North Miami, FL

$1,693

Homestead, FL

$1,824

Difference

$131

Transportation

↓ 0.9%

North Miami, FL

$1,285

Homestead, FL

$1,274

Difference

$11.47

less

Groceries

↓ 0.4%

North Miami, FL

$963

Homestead, FL

$959

Difference

$4.31

less

Healthcare

↓ 0.4%

North Miami, FL

$525

Homestead, FL

$523

Difference

$2.35

less

All Utilities

↓ 0.4%

North Miami, FL

$463

Homestead, FL

$461

Difference

$2.07

less

🏠Rent Comparison

Studio

From$1,820

To$1,710

↓ $110

1 Bed

From$1,980

To$1,865

↓ $115

2 Bed

From$2,420

To$2,275

↓ $145

3 Bed

From$3,110

To$2,925

↓ $185

North Miami, FLZIP-level data

1BR range: $1,980–$1,980/mo

Homestead, FLZIP-level data

1BR range: $1,590–$2,180/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in North Miami, FL

$7,934

Monthly in Homestead, FL

$434

Difference

Home Values

North Miami

Homestead

$479K

Median Value

$465K

↓ -2.3%

YoY Change

↓ -4.3%

↑ +61.4%

5-Year Change

↑ +59%

$479K

Price Range

$335K - $879K

Homes in Homestead are 3% less expensive than North Miami

Calculate payment - North Miami Calculate payment - Homestead

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

North Miami, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Homestead, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

North Miami, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

Homestead, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

North Miami

Homestead

48 Good

Air Quality

48 Good

59.8%

Good Air Days

59.8%

100 Very High

Climate Risk

100 Very High

🌊🌅🌀

Top Hazards

🌊🌅🌀

▲+2.3°F

2050 Outlook

▲+2.3°F

22 days

Heat Days >95°F

15 days

▲+2.3°F

2050 Outlook

▲+2.3°F

22 days

Heat Days >95°F

15 days

Before moving from North Miami, FL to Homestead, FL

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Homestead, FL for the same bedroom count and included utilities as your home in North Miami, FL. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your North Miami to Homestead moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Homestead, FL by cost, housing, population and region.

Frequently Asked Questions: North Miami, FL vs Homestead, FL

How do the cost estimates for North Miami, FL and Homestead, FL compare?

Homestead, FL has a modeled overall cost index 8.8% higher than North Miami, FL. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in North Miami, FL, the model estimates $155,209 in Homestead, FL. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for North Miami, FL and Homestead, FL?

The modeled two-bedroom rents are $2,420/month in North Miami, FL and $2,275/month in Homestead, FL. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.