Life in Homewood research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Homewood over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Homewood:
The population in Homewood is 27,697.
The median home value in Homewood is $542,752.
The median income in Homewood is $108,386.
The cost of living in Homewood is 123 which is 1.2x higher than the national average.
The median rent in Homewood is $1,457.
The unemployment rate in Homewood is 2.1%.
The poverty rate in Homewood is 8.1%.
The average high in Homewood is 73.6° and the average low is 51.4°.
Cost of living in Homewood summary. We use data on the cost of living to determine how expensive it is to live in Homewood. Real estate prices drive most of the variance in cost of living around Alabama. Key points include:
The cost of living in Homewood is 123 with 100 being average.
The cost of living in Homewood is 1.2x higher than the national average.
The median home value in Homewood is $542,752.
The median income in Homewood is $108,386.
| Living Expense | Homewood | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 123 | 90 | 100 | |
| Services | 100 | 97 | 100 | |
| Groceries | 98 | 98 | 100 | |
| Health | 95 | 86 | 100 | |
| Housing | 181 | 74 | 100 | |
| Transportation | 91 | 93 | 100 | |
| Utilities | 109 | 102 | 100 | |
The average high in Homewood is 73.6° and the average low is 51.4°.
There are 78.6 days of precipitation each year.
Expect an average of 56.2 inches of precipitation each year with 1.3 inches of snow.
| Stat | Homewood |
|---|---|
| Average Annual High | 73.6 |
| Average Annual Low | 51.4 |
| Annual Precipitation Days | 78.6 |
| Average Annual Precipitation | 56.2 |
| Average Annual Snowfall | 1.3 |
The current population in Homewood is 27,697. The population has increased 10.4% from 2010.
| Year | Population | % Change |
|---|---|---|
| 2023 | 27,697 | 0.5% |
| 2022 | 27,557 | 5.2% |
| 2021 | 26,206 | 4.1% |
| 2020 | 25,170 | -1.4% |
| 2019 | 25,534 | -0.2% |
| 2018 | 25,595 | -0.3% |
| 2017 | 25,678 | 0.1% |
| 2016 | 25,652 | 0.5% |
| 2015 | 25,535 | 0.5% |
| 2014 | 25,420 | 0.5% |
| 2013 | 25,288 | 0.7% |
| 2012 | 25,123 | 0.1% |
| 2011 | 25,110 | 0.1% |
| 2010 | 25,078 | - |
72.3% White with 20,038 White residents.
13.1% African American with 3,629 African American residents.
0.1% American Indian with 32 American Indian residents.
3.3% Asian with 904 Asian residents.
0.0% Hawaiian with 0 Hawaiian residents.
0.6% Other with 153 Other residents.
3.0% Two Or More with 836 Two Or More residents.
7.6% Hispanic with 2,105 Hispanic residents.
| Race | Homewood | AL | USA |
|---|---|---|---|
| White | 72.3% | 63.8% | 58.2% |
| African American | 13.1% | 25.9% | 12.0% |
| American Indian | 0.1% | 0.3% | 0.5% |
| Asian | 3.3% | 1.4% | 5.7% |
| Hawaiian | 0.0% | 0.0% | 0.2% |
| Other | 0.6% | 0.3% | 0.5% |
| Two Or More | 3.0% | 2.9% | 3.9% |
| Hispanic | 7.6% | 5.4% | 19.0% |
Homewood is 55.8% female with 15,458 female residents.
Homewood is 44.2% male with 12,239 male residents.
| Gender | Homewood | AL | USA |
|---|---|---|---|
| Female | 55.8% | 51.5% | 50.5% |
| Male | 44.2% | 48.5% | 49.5% |
2.0% of adults in Homewood completed < 9th grade.
3.0% of adults in Homewood completed 9-12th grade.
10.0% of adults in Homewood completed high school / ged.
11.0% of adults in Homewood completed some college.
5.0% of adults in Homewood completed associate's degree.
37.0% of adults in Homewood completed bachelor's degree.
17.0% of adults in Homewood completed master's degree.
11.0% of adults in Homewood completed professional degree.
4.0% of adults in Homewood completed doctorate degree.
| Education | Homewood | AL | USA |
|---|---|---|---|
| < 9th Grade | 2.0% | 4.0% | 5.0% |
| 9-12th Grade | 3.0% | 8.0% | 6.0% |
| High School / GED | 10.0% | 30.0% | 26.0% |
| Some College | 11.0% | 21.0% | 19.0% |
| Associate's Degree | 5.0% | 9.0% | 9.0% |
| Bachelor's Degree | 37.0% | 17.0% | 21.0% |
| Master's Degree | 17.0% | 8.0% | 10.0% |
| Professional Degree | 11.0% | 2.0% | 2.0% |
| Doctorate Degree | 4.0% | 1.0% | 2.0% |
4.6% of households in Homewood earn Less than $10,000.
1.7% of households in Homewood earn $10,000 to $14,999.
2.5% of households in Homewood earn $15,000 to $24,999.
3.7% of households in Homewood earn $25,000 to $34,999.
13.1% of households in Homewood earn $35,000 to $49,999.
12.1% of households in Homewood earn $50,000 to $74,999.
10.8% of households in Homewood earn $75,000 to $99,999.
13.0% of households in Homewood earn $100,000 to $149,999.
14.9% of households in Homewood earn $150,000 to $199,999.
23.5% of households in Homewood earn $200,000 or more.
| Income | Homewood | AL | USA |
|---|---|---|---|
| Less than $10,000 | 4.6% | 6.3% | 4.9% |
| $10,000 to $14,999 | 1.7% | 5.0% | 3.6% |
| $15,000 to $24,999 | 2.5% | 9.2% | 6.6% |
| $25,000 to $34,999 | 3.7% | 8.7% | 6.8% |
| $35,000 to $49,999 | 13.1% | 12.2% | 10.4% |
| $50,000 to $74,999 | 12.1% | 16.8% | 15.7% |
| $75,000 to $99,999 | 10.8% | 12.5% | 12.7% |
| $100,000 to $149,999 | 13.0% | 15.2% | 17.4% |
| $150,000 to $199,999 | 14.9% | 7.1% | 9.3% |
| $200,000 or more | 23.5% | 7.2% | 12.6% |