Margate, FL Cost Of Living

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Updated: 2020-03-08
Margate's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Margate is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Margate, FL?

According to the most recent data on the cost of living, Margate has an overall cost of living index of 98 which is 1.0x lower than the national index of 100.

Compared to only Florida, Margate has a cost of living index that's 1.0x lower than Florida's index of 99.

The standard of living in Margate ranks as #2953 most affordable out of the 6522 places we measured in Florida. By definition, that implies Margate ranks as the #3453 most expensive place in the Sunshine State.

For more reading on life in Margate, check out:

Margate Cost Of Living Vs. Florida

Living Expense Margate Florida National Average
Overall 98 99 100
Services 99 99 100
Groceries 106 105 100
Health 100 100 100
Housing 89 96 100
Transportation 108 98 100
Utilities 98 102 100
For more reading on cost of living around Florida, check out:
Margate Cost of Living Vs. FL

Margate, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Margate Florida United States
Median Home Value $172,900 $196,800 $204,900
Median Rent $1,244 $1,128 $1,023
Median Income $45,667 $53,267 $60,293
Home Value To Income 3.8x 3.7x 3.4x
Rent To Monthly Income 0.33x 0.25x 0.2x

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Cost Of Living In Cities Around Margate

City Population Cost Of Living Vs. Margate
Pembroke Pines, FL 168,260 111 1.1x
Coral Springs, FL 131,151 117 1.2x
Pompano Beach, FL 108,855 100 1.0x
Davie, FL 103,132 109 1.1x
Boca Raton, FL 95,745 129 1.3x
Lauderhill, FL 71,328 93 0.9x
Weston, FL 70,220 137 1.4x
Tamarac, FL 64,748 97 1.0x
Coconut Creek, FL 59,997 101 1.0x
Oakland Park, FL 44,339 100 1.0x

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