Cost of Living in Margate, FL
Population 58,418 · Florida · Data vintage 2023
(100 = US avg)
Most of Margate's cost indicators track within a reasonable band of national figures, with median household incomes near $60,852 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.
Margate is part of the immediate Coral Springs metro area — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 43% lower than Coral Springs' $503,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Margate
The median home value in Margate is $286,200 — 6% below the national median of $305,000. Median rent runs $1,662/month, 26% higher than the national median of $1,314/month. The median household income of $60,852/year is 18% lower than the US median of $74,580. The local unemployment rate is 4.3%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 84.3°F and lows of 69.3°F. Overall, Margate has a cost of living index of 107 versus the US average of 100, meaning it is 7% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 76 | 78 | 81 | 84 | 87 | 89 | 91 | 91 | 89 | 86 | 81 | 78 |
| Low °F | 59 | 61 | 64 | 68 | 72 | 76 | 76 | 77 | 76 | 73 | 67 | 63 |
| Precip" | 2.38 | 1.95 | 3.20 | 3.11 | 4.89 | 6.57 | 6.15 | 7.51 | 8.13 | 5.82 | 4.00 | 2.79 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Margate, FL?
Margate has a cost index of 107 (100 = national average). It is 7% above the national average.
What is average rent in Margate, FL?
The median gross rent in Margate is $1,662 per month based on 2023 Census data.
What is the average home price in Margate?
The median home value in Margate is $286,200 according to Zillow and Census data.
What is the median income in Margate?
The median household income in Margate is $60,852 per year (2023 ACS 5-year estimates).
What is the sales tax in Margate, FL?
The combined state and local sales tax rate in Margate is 7.0%. Florida has no state income tax.
Is Margate, FL affordable?
Margate is near the national average in terms of cost of living, with an index of 107 (100 = US average).
What is the weather like in Margate?
Margate has average high temperatures of 84.3°F and average lows of 69.3°F. Annual precipitation is 56.5". Data from NOAA 1991–2020 Climate Normals.
Margate at a Glance
- Population
- 58,418
- Median Income
- $60,852
- Home Value
- $286,200
- Median Rent
- $1,662/mo
- Unemployment
- 4.3%
- Avg High Temp
- 84.3°F
- Sales Tax
- 7.0%
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Florida Rankings
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