Cost of Living: Margate, FL vs Cambridge, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Margate | Cambridge |
|---|---|---|
| Housing Index | 120.0 | 150.0 |
| Median Home Price | $233,300 | $769,000 |
| Average Rent (2 BR Apartment) | $2200 | $3000 |
| Average Rent (2 BR House) | $2256 | $3120 |
Housing Comparison: Margate vs Cambridge
- The median home price in Cambridge is higher at $769,000, compared to $233,300 in Margate.
- In Cambridge, the rental for a two-bedroom apartment stands at $3,000, while it is $2,200 in Margate.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Margate | Cambridge |
|---|---|---|
| Electricity Price | $13.89 | $28.15 |
| Natural Gas Price | $26.13 | $21.62 |
| Other Utilities | $280 | $200 |
Utilities Comparison: Margate vs Cambridge
- Cambridge has higher electricity costs at $28.15 per kWh, versus $13.89 in Margate.
- Natural gas is more expensive in Margate at $26.13 per unit, while it is cheaper at $21.62 in Cambridge.
- Other utility costs are higher in Margate at an average of $280, compared to Cambridge with $200.