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The total population of Homestead is estimated to be 2,905 with 1,403 males (48.30%) and 1,502 females (51.70%). There are 99 more females than males in Homestead.
The median household income in Homestead was $29,176 in 2021, which marked an a decrease of 924(3.07%) from $30,100 in 2020. This income is 39.11% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Homestead sees its highest median household income among householders in the age group of 25 to 44 years old, at $56,886. Overall, the median household income for the borough of Homestead stands at $29,176.
In Homestead, the median income for all workers aged 15 years and older, regardless of work hours, was $27,983 for males and $14,988 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,416 for males and $31,260 for females.
In Homestead, there are just two different racial groups among households. Among these, Black or African American households report a median household income of $30,319, while White households have a median household income of $27,328.
In 2022, the population of Homestead was 2,887, a 0.17% increase year-by-year from 2021. Previously, in 2021, Homestead's population was 2,882, an increase of 0.03% compared to a population of 2,881 in 2020.
The median age in Homestead, PA is 32.1, as per 2021 ACS 5-Year Estimates. Of the total population, 25.93% were under the age of 15, 21.62% aged 15 to 29, 28.16% aged 30 to 64, 14.05% aged 65 to 84, and 10.24% were 85 years of age and older.
Racial distribution of Homestead population: 35.77% are White, 61.05% are Black or African American, 2.26% are Asian, 0.82% are some other race and 0.10% are multiracial.