HomesteadFlorida

Homestead Population Demographics

According to US population projections for 2022, the estimated population of Homestead is 80,523. 29.25% is under 18, while 10.52% is over 65.

A closer look at the age demography reveals that 9.70% of the population was five years old or younger, 29.25% were 18 years or younger and 21.50% were aged 65 years and over. The gender split in the state was nearly even, with 51.65% female and 48.35% male.

Homestead Housing

According to the US Census, Homestead has 29,482 housing units. The average owner-occupied housing unit rate in Homestead was 91.90%. At the same time, the city's median value of owner-occupied homes was $275,200

Homestead Racial Demographics

In 2020, the US Census estimated that White Alone and Black Or African American Alone constitute 48.05% of Homestead's population. Residents of the city who were Some Other Race Alone, made up 16.94% of the total population.

Other racial groups include American Indian And Alaska Native Alone, constituting 1.48% of the city's population and Asian Alone at 1.17%

How Educated is Homestead

According to Census estimates, in 2021, 13.1% of Homestead residents had a bachelor's degree, while 8.1% had a graduate or professional degree.

Overall, 21.20% of residents have a bachelor's degree or higher.

Average Income in Homestead

The median household income in Homestead is $52,365. This figure is significantly (approximately 0.00%) less than the state average of $52,365.

Estimates by family type revealed that families earned an average of $55,075 per year, while married-couple families earned an average of $59,057.

A closer examination of the income groups of Homestead households revealed that the largest income group consisted of households with an annual income between $50,000 and $74,999. Other groups with yearly high household incomes include those between $35,000 and $49,999 (14.5%) and those with incomes exceeding $200,000 (3.3%). 7.2% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family