Cost of Living in Margate, FL
Housing
The housing market plays a significant role in determining the cost of living in Margate, FL.
- Housing Index: 120.0 / 100
- Median Home Price is: $233,300
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2256 per month
Consider moving to Margate, FL, where the housing index stands at 120.0. The median home price of 233300 suggests a competitive real estate market, while average rents for a 2-bedroom apartment and house are 2200 and 2256, respectively. This price range reflects a vibrant community, but be aware of economic factors that may impact growth and affordability. A solid research on local amenities, schools, and job opportunities can help you determine if this bustling area fits your lifestyle needs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Margate, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $280 per month
Living in Margate, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $280 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Margate is a financially viable option for your relocation.