Cost of Living in Margate, FL (2026)
Updated Jun 2026 (3 months ago) · Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Energy Information Administration
Key facts
- Rent (1-bedroom)
- $1,620/month
- U.S. Census Bureau · 2024-12-31
- Median household income
- $62,450
- U.S. Census Bureau · 2024-12-31
- Regional price parity
- 103.4 (above national average)
- U.S. Bureau of Economic Analysis · 2024-12-31
- Utilities (monthly)
- $136/month
- U.S. Energy Information Administration · 2026-06-30
- Rent burden (of income)
- 31% (cost-burdened)
- Derived from Census + HUD threshold · 2024-12-31
Can you afford this city?
- Groceries (est.)
- $402
- Monthly surplus
- $1,592
Salary needed to live here
- Gross per month
- $4,083
- Comfortable budget
- $2,858
Margate, FL vs the US average
| Metric | Value | vs US avg |
|---|---|---|
Median household income (Census ACS 5-Year, Dec 2024) | $62,450 | -20% vs US |
Median home value (Census ACS 5-Year, Dec 2024) | $316,200 | -7% vs US |
Rent (1BR) (Census ACS 5-Year, Dec 2024) | $1,620 | +25% vs US |
Rent (2BR) (Census ACS 5-Year, Dec 2024) | $1,725 | +17% vs US |
Grocery cost index (BEA Regional Price Parities, Dec 2024) | 98.1 | -2% vs US |
Utilities (monthly) (EIA Electricity Retail Sales, Jun 2026) | $136 | -34% vs US |
Cost breakdown vs US average
What it costs to live in Margate
A one-bedroom rental in Margate, FL runs about $1,620 per month — well above the national median of $1,300 (25% more). At $62,450 a year, the median household here spends about 31% of income on a one-bedroom — above the 30% affordability threshold HUD uses to define cost burden. The median home value of $316,200 is about 5.1× median income — well above the 3× rule of thumb, making ownership a stretch on a typical local salary. Utilities are relatively low at about $136/month — 34% below the national average of $205. Use the calculator above to see how far your income goes, with rent and utilities prefilled from the latest U.S. Census Bureau data.
Buying a home in Margate?
Mortgage payment calculator
- Principal & interest
- $2,108
- Total interest
- $438,707
Estimate only — not financial, tax, or legal advice. Figures are illustrative and may not reflect your situation. Consult a qualified professional.
Cite this page
CostAlmanac US, *Margate, FL — Cost of Living*, https://costalmanac.com/cost-of-living/margate-fl
Data from U.S. government sources. See methodology for how every number is computed.