Margate, FL is a vibrant city with a population of about 56,000 people. 2 bedroom rent in Margate is $1,820, which is much higher than the US 2 bedroom rent at $1,430. In addition to this, the Grocery Cost Index of Margate is 104 versus 100 in the US. This makes it an attractive destination for those looking to live in Florida at an affordable rate. There are several local companies worth checking out in Margate such as Pep Boys Auto Service & Tire Centers, Perrine Automotive Services Inc., and Rago Electric Co Inc. All of these local businesses contribute to the vibrancy of Margate's economy and make it an ideal place for families and individuals who want to enjoy all that Florida has to offer.
Margate (zip 33063) has an unemployment rate of 5.5%. The US average is 6.0%.
Margate (zip 33063) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 39.8%, which is higher than the US average of 33.5%.
Tax Rates for Margate (zip 33063)
- The Sales Tax Rate for Margate (zip 33063) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Margate (zip 33063) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Margate (zip 33063)
- The average income of a Margate (zip 33063) resident is $24,179 a year. The US average is $28,555 a year.
- The Median household income of a Margate (zip 33063) resident is $53,594 a year. The US average is $69,021 a year.