City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Homestead | Phoenix | Difference |
|---|---|---|---|
| Median rent | $1,527/mo | $1,322/mo | 15.5% higher in A |
| Median home value | $316,200 | $340,200 | 7.1% lower in A |
| Median household income | $57,739 | $72,092 | 19.9% lower in A |
| Groceries index | 103.9 | 103.1 | 0.8% higher in A |
| Utilities index | 102.3 | 123.5 | 17.2% lower in A |
| Transportation index | 91.2 | 102.5 | 11.0% lower in A |
| Healthcare index | 109.7 | 101.2 | 8.4% higher in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Homestead, you'd need $96,804 in Phoenix to maintain your standard of living.
Climate, safety, and demographics side by side.
Phoenix, AZ is about 3.2% cheaper overall than Homestead, FL, based on our cost-of-living index. Housing costs are roughly 13% lower in Phoenix than in Homestead. If you earn $80,000 in Homestead, you'd need about $77,443 in Phoenix to keep the same standard of living.