Cost of living (Clay Affordability Index)
CAI 113 —
13% above the national average.
how it's computed
Housing43% above
Goods & services6% above
Utilities12% above
Taxes63% below
Insurance49% above
Commute cost30% above
No natural gas service in this area — most homes heat with electricity or propane.
For business: Florida is
CBII band 2/5
· time to build band 1/5.
See state page for the breakdown.
Doing business here
Economic development contacts, most local first:
city
Homestead Economic Development
The City of Homestead's Economic Development Team is part of the city government and focuses on engaging residents and businesses to shape Homestead's economic future.
county
Beacon Council (Miami-Dade)
The Miami-Dade Beacon Council is the County’s official public-private economic development partnership and the official economic development organization for Miami-Dade County, supporting businesses relocating or expanding to Greater Miami with comprehensive guidance and fostering investment, talent, and regional growth.
county
Economic Dev Council of South Miami-Dade
The Economic Development Council of South Miami-Dade is a non-profit organization committed to championing economic growth in South Miami-Dade. It collaborates with government agencies, businesses, and stakeholders to identify and implement transformative projects that drive sustainable economic progress and support growth in the region.
county
South Miami-Dade Economic Development Council
The Economic Development Council of South Miami-Dade is a non-profit organization committed to championing economic growth in South Miami-Dade. It aims to support sustainable economic growth, attract and retain businesses, create quality jobs, and enhance the overall quality of life for South Miami-Dade.
region
South Florida Regional Planning Council
The Council provides economic development information and technical assistance to local governments, private businesses, and neighborhood-based organizations, and serves as the Economic Development Administration’s Economic Development District. It maintains the Comprehensive Economic Development Strategy, operates revolving loan funds to support small businesses, brownfields redevelopment, and affordable housing, and secures and manages state and federal grants for South Florida communities.
state
Enterprise Florida
Florida-based economic development organization page offering business development, export resources, and international trade information, with contact details for a regional business development team.
state
Florida Economic Development Council
Florida Economic Development Council is a Florida-based economic development organization with a board of directors and staff, offering membership, advocacy, events, and professional development for Florida's economic development professionals.
State sales taxYes
State income taxNone
Right-to-work stateYes