Cost of Living in Margate City, NJ
Population 5,260 · New Jersey · Data vintage 2023
(100 = US avg)
Margate City's housing market reflects its status as a high-earning metro: $645,000 for a typical home, 112% above the US median, paired with household incomes around $114,417 that put it in the upper third of the state.
Margate City is about 60 miles southeast of Philadelphia, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 178% higher than Philadelphia's $232,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Margate City
The median home value in Margate City is $645,200 — 112% above the national median of $305,000. Median rent runs $1,368/month, 4% higher than the national median of $1,314/month. The median household income of $114,417/year is 53% higher than the US median of $74,580. The local unemployment rate is 3.2%, below the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 60.9°F and lows of 50.1°F. Overall, Margate City has a cost of living index of 169 versus the US average of 100, meaning it is 69% more expensive.
Margate City has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 | 42 | 43 | 48 | 57 | 66 | 75 | 80 | 79 | 74 | 65 | 55 | 47 |
| Low °F | 30 | 31 | 37 | 46 | 55 | 65 | 71 | 70 | 65 | 54 | 43 | 35 |
| Precip" | 3.09 | 3.27 | 4.27 | 3.36 | 3.10 | 3.23 | 3.75 | 4.13 | 3.56 | 4.25 | 3.44 | 4.17 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Margate City, NJ?
Margate City has a cost index of 169 (100 = national average). It is 69% above the national average.
What is average rent in Margate City, NJ?
The median gross rent in Margate City is $1,368 per month based on 2023 Census data.
What is the average home price in Margate City?
The median home value in Margate City is $645,200 according to Zillow and Census data.
What is the median income in Margate City?
The median household income in Margate City is $114,417 per year (2023 ACS 5-year estimates).
What is the sales tax in Margate City, NJ?
The combined state and local sales tax rate in Margate City is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Margate City, NJ affordable?
Margate City is above average in cost of living, with an index of 169 — about 69% higher than the national average.
What is the weather like in Margate City?
Margate City has average high temperatures of 60.9°F and average lows of 50.1°F. Annual precipitation is 43.6". Data from NOAA 1991–2020 Climate Normals.
Margate City at a Glance
- Population
- 5,260
- Median Income
- $114,417
- Home Value
- $645,200
- Median Rent
- $1,368/mo
- Unemployment
- 3.2%
- Avg High Temp
- 60.9°F
- Sales Tax
- 6.6%
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New Jersey Rankings
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