Cost of Living Breakdown
Housing & Income in Margate
About Living in Margate
Margate is an affordable Broward city with a strong working-class community, convenient shopping, and a short drive to the beach.
With a cost of living index of 102, Margate is 2% above the US average and 3 points below the Florida average of 105. The median household income of $52,000 supports a home-price-to-income ratio of 7.1x — above the recommended 4–5x threshold.
FAQ
Common questions about cost of living in Margate
What is the cost of living in Margate, FL?
Margate's overall cost of living index is 102 compared to the US average of 100. Housing (102) is the main driver, with groceries at 101, healthcare at 99, transportation at 105, and utilities at 103.
Is Margate affordable to live in?
Margate is near the national average with a COL index of 102. It offers a balance of amenities and affordability. Median rent is $1,850/mo.
How does Margate compare to the Florida average?
Margate's COL index of 102 is 3 points below the Florida average of 105. It's one of Florida's more budget-friendly options.