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The total population of Homestead is estimated to be 79,996 with 39,121 males (48.90%) and 40,875 females (51.10%). There are 1,754 more females than males in Homestead.
The median household income in Homestead was $56,568 in 2021, which marked an a decrease of 908(1.58%) from $57,476 in 2020. This income is 75.82% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
In Homestead, the median income for all workers aged 15 years and older, regardless of work hours, was $28,587 for males and $24,773 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $40,955 for males and $40,188 for females.
In Homestead, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Some Other Race households have the highest median household income at $79,803, while American Indian and Alaska Native households represent the opposite end with the lowest median household income of $24,380.
In 2022, the population of Homestead was 81,562, a 1.06% increase year-by-year from 2021. Previously, in 2021, Homestead's population was 80,707, an increase of 0.24% compared to a population of 80,510 in 2020.
The median age in Homestead, FL is 31.2, as per 2021 ACS 5-Year Estimates. Of the total population, 27.27% were under the age of 15, 20.72% aged 15 to 29, 44.10% aged 30 to 64, 6.98% aged 65 to 84, and 0.92% were 85 years of age and older.
Racial distribution of Homestead population: 53.92% are White, 21.28% are Black or African American, 1.91% are American Indian and Alaska Native, 0.57% are Asian, 0.05% are Native Hawaiian and other Pacific Islander, 6.21% are some other race and 16.06% are multiracial.