Cost of Living: Belmont, CA vs Margate, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Belmont | Margate |
|---|---|---|
| Housing Index | 165.0 | 120.0 |
| Median Home Price | $1,360,000 | $233,300 |
| Average Rent (2 BR Apartment) | $3200 | $2200 |
| Average Rent (2 BR House) | $3400 | $2256 |
Housing Comparison: Belmont vs Margate
- In Belmont, the median home price is higher at $1,360,000, while in Margate it is $233,300.
- Renting a two-bedroom apartment costs more in Belmont at $3,200 than in Margate at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Belmont | Margate |
|---|---|---|
| Electricity Price | $32.99 | $13.89 |
| Natural Gas Price | $16.99 | $26.13 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Belmont vs Margate
- Electricity costs are higher in Belmont at $32.99 per kWh, compared to $13.89 in Margate.
- Margate experiences higher natural gas costs at $26.13 per unit, with costs at $16.99 in Belmont.
- Margate has higher utility expenses, averaging $280, while Belmont averages $250.