Housing costs in Margate?
A typical home costs
$300,200, which is 11.2% less expensive than the national average of
$338,100 and 17.2% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Margate costs
$1,890 per month, which is 32.2% more than the national average of
$1,430 and 17.5% more than the state average of
$1,560.
Can I afford Margate?
To live comfortably in Margate, Florida, a minimum annual income of
$57,600 for a family, and
$60,400 for a single person is recommended.
What does A.I. say about Margate?
The cost of living in Margate, FL is 103.3, which is higher than the US average cost of living of 100. The median house value in Margate is $300200, significantly lower than the US average house value of $338100. This indicates that while the cost of living in Margate is higher than the national average, the housing prices are much more affordable. This makes Margate a great city for those looking for an affordable place to live in Florida.