Zip 33063 (Margate, FL) Cost of Living


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How much do I need to live in Margate, Florida?
$4,860 / month
for a family, 10.0% less expensive than the national average A total of $58,320 for the year for a family.
$4,833 / month
for a single person, 1.4% more expensive than the national average A total of $58,000 for the year for a single person.

Margate cost of living score
110.5
More expensive
10.5% higher
than the US average
7.2% higher
than the Florida average
Margate (zip 33063), Florida gets a BestPlaces Cost of Living score of 110.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.5% higher than the U.S. average and 7.2% lower than the average for Florida.

Zip 33063 (Margate, FL)

Housing costs in Margate?
A typical home costs $304,900, which is 9.8% less expensive than the national average of $338,100 and 15.9% less expensive than the average Florida home, at $362,400. Renting a two-bedroom unit in Margate costs $1,820 per month, which is 16.7% more than the national average of $1,560 and 3.8% cheaper than the state average of $1,890.

Can I afford Margate?
To live comfortably in Margate (zip 33063), Florida, a minimum annual income of $58,320 for a family, and $58,000 for a single person is recommended.

What does A.I. say about Margate?
The cost of living in Margate, FL 33063 is slightly higher than the national average. However, it is still considered to be reasonably affordable for those who choose to live there. The median home cost in the area is around $175,000 which is slightly above the US average. Renting in the area is also slightly higher than the national average with a one bedroom apartment typically costing about $1200 per month. Groceries, utilities, and transportation costs are all relatively in line with the national averages. All in all, those looking for an affordable living situation should consider moving to Margate, FL 33063.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMargateFloridaUnited States
    Unlock103.1100.0
  103.9  Unlock100.0
    Unlock102.3100.0
  80.1  Unlock100.0
    Unlock$362,400$338,100
  97.1  Unlock100.0
    Unlock112.6100.0
  107.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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