Last update: Oct 2026

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

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.

239

Cost of Living Index in New York, NY
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New York, NY Living Index
165

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

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New York, NY

🇺🇸 United States

$4,941

/mo nomad

Homestead, FL

🇺🇸 United States

$3,460

/mo nomad

Monthly Cost of Living

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

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

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

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

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

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

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

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

Living in New York, NY is roughly 43% more expensive than in Homestead, FL, and outside of rent the biggest gap is in groceries.

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

Meal at Budget Restaurant

$28.55 $28.55

$20.28 $20.28

40.78%

Three-Course Dinner for Two, Mid-Range

$118 $118

$74.1 $74.1

59.89%

Fast Food Meal (McDonalds, etc)

$15.04 $15.04

$9.98 $9.98

50.70%

Cappuccino

$6.53 $6.53

$4.97 $4.97

31.39%

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

$3.96 $3.96

$2.02 $2.02

96.04%

Water (0.33 liter bottle)

$3.01 $3.01

$1.98 $1.98

52.02%

Local Beer (0.5 liter draught)

$8.16 $8.16

$5.30 $5.30

53.96%

Imported Beer (0.33 liter bottle)

$9.84 $9.84

$7.39 $7.39

33.15%

Milk (1 liter)

$1.37 $1.37

$0.82 $0.82

67.07%

White Bread (500g)

$4.97 $4.97

$2.66 $2.66

86.84%

Rice (white) (1kg)

$7.81 $7.81

$3.10 $3.10

151.94%

Eggs

$5.97 $5.97

$3.83 $3.83

55.87%

Local Cheese (1kg)

$18.91 $18.91

$13.32 $13.32

41.97%

Chicken Fillets (1kg)

$18.04 $18.04

$6.57 $6.57

174.58%

Beef Round Steak (1kg)

$19.05 $19.05

$14.74 $14.74

29.24%

Apples (1kg)

$6.76 $6.76

$3.99 $3.99

69.42%

Banana (1kg)

$2.27 $2.27

$1.52 $1.52

49.34%

Oranges (1kg)

$6.83 $6.83

$4.32 $4.32

58.10%

Tomato (1kg)

$7.09 $7.09

$5.40 $5.40

31.30%

Potato (1kg)

$4.22 $4.22

$2.89 $2.89

46.02%

Onion (1kg)

$4.65 $4.65

$3.33 $3.33

39.64%

Lettuce (1 head)

$2.87 $2.87

$1.03 $1.03

178.64%

Water (1.5 liter bottle)

$2.60 $2.60

$1.97 $1.97

31.98%

Cigarettes 20 Pack (Marlboro, Camel)

$18.77 $18.77

$9.26 $9.26

102.70%

Wine (Bottle)

$20.13 $20.13

$14.17 $14.17

42.06%

Local Beer (0.5 liter bottle)

$3.45 $3.45

$2.05 $2.05

68.29%

Imported Beer (0.33 liter bottle)

$4.02 $4.02

$2.46 $2.46

63.41%

One-way Ticket (Public Transport)

$2.91 $2.91

$2.22 $2.22

31.08%

Public Transport Monthly Pass (Regular Price)

$139 $139

$57.2 $57.2

142.95%

Taxi Start (Normal Tariff)

$3.08 $3.08

$3.15 $3.15

-2.22%

Taxi (Normal Tariff) (1km)

$2.12 $2.12

$1.88 $1.88

12.77%

Taxi 1hour Waiting (Normal Tariff)

$41.96 $41.96

$31.75 $31.75

32.16%

Gasoline (1 liter)

$1.17 $1.17

$1.03 $1.03

13.59%

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

$34.5K $34.5K

$28.2K $28.2K

22.37%

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

$25.9K $25.9K

$22.7K $22.7K

13.94%

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

$219 $219

$171 $171

28.37%

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

$74.2 $74.2

$57.2 $57.2

29.86%

Internet (50+ Mbps, Unlimited Data)

$70.2 $70.2

$76.7 $76.7

-8.47%

Gym Membership (Monthly)

$112 $112

$40.63 $40.63

175.54%

Tennis Court (1 Hour on Weekend)

$74.9 $74.9

$30.36 $30.36

146.57%

Cinema Ticket

$22.14 $22.14

$12.93 $12.93

71.23%

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

$3,558 $3,558

$895 $895

297.41%

International Primary School, 1 Child (Yearly)

$62.2K $62.2K

$15.2K $15.2K

307.81%

Jeans (Levis 501 Or Similar)

$75.6 $75.6

$41.90 $41.90

80.45%

Summer Dress (H&M, Zara, etc)

$51.2 $51.2

$42.12 $42.12

21.56%

Sport Shoes (Adidas, Nike)

$123 $123

$78.9 $78.9

56.04%

Men's Leather Business Shoes

$140 $140

$103 $103

35.49%

1-bedroom Apartment, City Center (Monthly)

$4,499 $4,499

$2,161 $2,161

108.17%

1-bedroom Apartment, Outside City Center (Monthly)

$3,078 $3,078

$2,242 $2,242

37.34%

3-bedroom Apartment, City Center (Monthly)

$9,447 $9,447

$3,871 $3,871

144.01%

3-bedroom Apartment, Outside City Center (Monthly)

$5,190 $5,190

$3,548 $3,548

46.29%

Buy Apartment in City Center (m2)

$18.1K $18.1K

$3,223 $3,223

461.81%

Buy Apartment Outside City Center (m2)

$6,693 $6,693

$2,538 $2,538

163.66%

Average Monthly Net Salary (After Tax)

$5,220 $5,220

$3,237 $3,237

61.25%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.86

6.25

9.76%

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

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

Last update for Homestead, FL: October 24, 2026

Monthly budget structure

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

Accommodation & Living

New York, NY

$3.1K 62.3%

Homestead, FL

$2.2K 64.8% 27.2% $837

Groceries & Markets

New York, NY

$563 11.4%

Homestead, FL

$339 9.8% 39.7% $224

Eating Out

New York, NY

$440 8.9%

Homestead, FL

$309 8.9% 29.8% $131

Monthly Utilities & Internet

New York, NY

$364 7.4%

Homestead, FL

$305 8.8% 16.2% $59

Clothing & Footwear

New York, NY

$175 3.6%

Homestead, FL

$120 3.5% 31.7% $56

Getting Around

New York, NY

$164 3.3%

Homestead, FL

$79 2.3% 52.1% $86

Sport & Entertainment

New York, NY

$156 3.2%

Homestead, FL

$67 1.9% 57.4% $90

Cost Breakdown

A one-bedroom apartment in the center runs $4,499 in New York, NY and $2,161 in Homestead, FL. 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: $118 in New York, NY vs $74 in Homestead, FL for a mid-range dinner for two. Groceries echo the gap at $563 vs $339 per month, with Homestead, FL cheaper across the board.

Good to know

🇺🇸 New York, NY

🇺🇸 Homestead, FL

🕒 Local time

02:29 2:29 AM

Same time as New York, NY

🌤 Weather

👥 Population

8,804,190

80,737

💱 Currency

United States Dollar USD $

📈 Exchange rate

1 USD = 0.893 EUR

Exchange rates and currency converter

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Between locations

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

From you

New York, NY
Homestead, FL

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

New York, NY vs Homestead, FL: 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.

Average pay runs 61% higher in New York, NY, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $4,499 in New York, NY versus $2,161 in Homestead, FL. 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 $4,941 per month in New York, NY versus $3,460 in Homestead, FL – 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.