Last update: Oct 2026

Cost of Living Comparison Between Homestead, FL and New York, NY

For one person, living is cheaper in Homestead, FL: $3,460 a month against $4,941 in New York, NY, rent and utilities included – about $17,800 less a year. Rent and utilities account for most of the difference.

165

Cost of Living Index in Homestead, FL
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Homestead, FL Living Index
239

Cost of Living Index in New York, NY
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New York, NY Living Index

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Homestead, FL

🇺🇸 United States

$3,460

/mo nomad

New York, NY

🇺🇸 United States

$4,941

/mo nomad

Monthly Cost of Living

How much you'll spend in Homestead, FL and in New York, NY

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Homestead, FL and in New York, NY actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,460 in Homestead, FL versus $4,941 in New York, NY.

Homestead, FL $3,460
New York, NY $4,941

Estimated couple costs with rent: $4,870 in Homestead, FL versus $7,225 in New York, NY.

Homestead, FL $4,870
New York, NY $7,225

Monthly costs for a family of three with rent: $6,281 in Homestead, FL versus $9,509 in New York, NY.

Homestead, FL $6,281
New York, NY $9,509

Living in Homestead, FL costs roughly 30% less than in New York, NY, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Homestead, FL 154% above, New York, NY 263% above.

Meal at Budget Restaurant

$20.28 $20.28

$28.55 $28.55

-28.97%

Three-Course Dinner for Two, Mid-Range

$74.1 $74.1

$118 $118

-37.46%

Fast Food Meal (McDonalds, etc)

$9.98 $9.98

$15.04 $15.04

-33.64%

Cappuccino

$4.97 $4.97

$6.53 $6.53

-23.89%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.02 $2.02

$3.96 $3.96

-48.99%

Water (0.33 liter bottle)

$1.98 $1.98

$3.01 $3.01

-34.22%

Local Beer (0.5 liter draught)

$5.30 $5.30

$8.16 $8.16

-35.05%

Imported Beer (0.33 liter bottle)

$7.39 $7.39

$9.84 $9.84

-24.90%

Milk (1 liter)

$0.82 $0.82

$1.37 $1.37

-40.15%

White Bread (500g)

$2.66 $2.66

$4.97 $4.97

-46.48%

Rice (white) (1kg)

$3.10 $3.10

$7.81 $7.81

-60.31%

Eggs

$3.83 $3.83

$5.97 $5.97

-35.85%

Local Cheese (1kg)

$13.32 $13.32

$18.91 $18.91

-29.56%

Chicken Fillets (1kg)

$6.57 $6.57

$18.04 $18.04

-63.58%

Beef Round Steak (1kg)

$14.74 $14.74

$19.05 $19.05

-22.62%

Apples (1kg)

$3.99 $3.99

$6.76 $6.76

-40.98%

Banana (1kg)

$1.52 $1.52

$2.27 $2.27

-33.04%

Oranges (1kg)

$4.32 $4.32

$6.83 $6.83

-36.75%

Tomato (1kg)

$5.40 $5.40

$7.09 $7.09

-23.84%

Potato (1kg)

$2.89 $2.89

$4.22 $4.22

-31.52%

Onion (1kg)

$3.33 $3.33

$4.65 $4.65

-28.39%

Lettuce (1 head)

$1.03 $1.03

$2.87 $2.87

-64.11%

Water (1.5 liter bottle)

$1.97 $1.97

$2.60 $2.60

-24.23%

Cigarettes 20 Pack (Marlboro, Camel)

$9.26 $9.26

$18.77 $18.77

-50.67%

Wine (Bottle)

$14.17 $14.17

$20.13 $20.13

-29.61%

Local Beer (0.5 liter bottle)

$2.05 $2.05

$3.45 $3.45

-40.58%

Imported Beer (0.33 liter bottle)

$2.46 $2.46

$4.02 $4.02

-38.81%

One-way Ticket (Public Transport)

$2.22 $2.22

$2.91 $2.91

-23.71%

Public Transport Monthly Pass (Regular Price)

$57.2 $57.2

$139 $139

-58.84%

Taxi Start (Normal Tariff)

$3.15 $3.15

$3.08 $3.08

2.27%

Taxi (Normal Tariff) (1km)

$1.88 $1.88

$2.12 $2.12

-11.32%

Taxi 1hour Waiting (Normal Tariff)

$31.75 $31.75

$41.96 $41.96

-24.33%

Gasoline (1 liter)

$1.03 $1.03

$1.17 $1.17

-11.97%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$28.2K $28.2K

$34.5K $34.5K

-18.28%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$22.7K $22.7K

$25.9K $25.9K

-12.24%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$171 $171

$219 $219

-22.10%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$57.2 $57.2

$74.2 $74.2

-22.99%

Internet (50+ Mbps, Unlimited Data)

$76.7 $76.7

$70.2 $70.2

9.26%

Gym Membership (Monthly)

$40.63 $40.63

$112 $112

-63.71%

Tennis Court (1 Hour on Weekend)

$30.36 $30.36

$74.9 $74.9

-59.44%

Cinema Ticket

$12.93 $12.93

$22.14 $22.14

-41.60%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$895 $895

$3,558 $3,558

-74.84%

International Primary School, 1 Child (Yearly)

$15.2K $15.2K

$62.2K $62.2K

-75.48%

Jeans (Levis 501 Or Similar)

$41.90 $41.90

$75.6 $75.6

-44.58%

Summer Dress (H&M, Zara, etc)

$42.12 $42.12

$51.2 $51.2

-17.73%

Sport Shoes (Adidas, Nike)

$78.9 $78.9

$123 $123

-35.91%

Men's Leather Business Shoes

$103 $103

$140 $140

-26.19%

1-bedroom Apartment, City Center (Monthly)

$2,161 $2,161

$4,499 $4,499

-51.96%

1-bedroom Apartment, Outside City Center (Monthly)

$2,242 $2,242

$3,078 $3,078

-27.19%

3-bedroom Apartment, City Center (Monthly)

$3,871 $3,871

$9,447 $9,447

-59.02%

3-bedroom Apartment, Outside City Center (Monthly)

$3,548 $3,548

$5,190 $5,190

-31.64%

Buy Apartment in City Center (m2)

$3,223 $3,223

$18.1K $18.1K

-82.20%

Buy Apartment Outside City Center (m2)

$2,538 $2,538

$6,693 $6,693

-62.07%

Average Monthly Net Salary (After Tax)

$3,237 $3,237

$5,220 $5,220

-37.98%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.25

6.86

-8.89%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Homestead, FL: October 24, 2026

Last update for New York, NY: October 26, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Homestead, FL

$2.2K 64.8%

New York, NY

$3.1K 62.3% 37.3% $837

Groceries & Markets

Homestead, FL

$339 9.8%

New York, NY

$563 11.4% 65.9% $224

Eating Out

Homestead, FL

$309 8.9%

New York, NY

$440 8.9% 42.4% $131

Monthly Utilities & Internet

Homestead, FL

$305 8.8%

New York, NY

$364 7.4% 19.4% $59

Clothing & Footwear

Homestead, FL

$120 3.5%

New York, NY

$175 3.6% 46.5% $56

Getting Around

Homestead, FL

$79 2.3%

New York, NY

$164 3.3% 109% $86

Sport & Entertainment

Homestead, FL

$67 1.9%

New York, NY

$156 3.2% 135% $90

Cost Breakdown

A one-bedroom apartment in the center runs $2,161 in Homestead, FL and $4,499 in New York, NY. Housing cost is often the main lever when comparing two cities.

New York, NY pays 61% more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $74 in Homestead, FL vs $118 in New York, NY for a mid-range dinner for two. Groceries echo the gap at $339 vs $563 per month, with Homestead, FL cheaper across the board.

Good to know

🇺🇸 Homestead, FL

🇺🇸 New York, NY

🕒 Local time

04:20 4:20 AM

Same time as Homestead, FL

🌤 Weather

👥 Population

80,737

8,804,190

💱 Currency

United States Dollar USD $

📈 Exchange rate

1 USD = 0.894 EUR

Exchange rates and currency converter

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Between locations

Homestead, FL New York, NY 1,780 km ≈ 2 h 45 min nonstop flight

From you

Homestead, FL
New York, NY

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City Median Internet Speeds Comparison (Updated April 2026)

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Digital Nomad Cost of Living Index

Homestead, FL vs New York, NY: Cost of Living - Frequently Asked Questions

Homestead, FL wins on cost – living expenses run 30% lower than in New York, NY. Housing and daily spending are where you’ll feel the difference most, making Homestead, FL the obvious pick if budget is a priority.

On paper, salaries run 38% lower in Homestead, FL. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $2,161 in Homestead, FL versus $4,499 in New York, NY. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Homestead, FL – a meal for two runs $74 versus $118 in New York, NY. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you’ll spend $3,460 per month in Homestead, FL versus $4,941 in New York, NY – Homestead, FL is about 30% cheaper, which adds up to real savings over time.

Both cities are expensive relative to $2,000. Homestead, FL is the more realistic option, but even there you’ll need to be disciplined with housing, food, and fun money.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Expats usually find Homestead, FL gentler on the wallet – expenses run 30% less than in New York, NY. Beyond cost, consider language, visa policies, and how big the international community is in each city.