What is the cost of living in Margate, FL?
According to the most recent data on the cost of living, Margate has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Florida, Margate has a cost of living index that's 1.1x higher than Florida's index of 104.
The standard of living in Margate ranks as #223 most affordable out of the 462 places we measured in Florida. By definition, that implies Margate ranks as the #239 most expensive place in the Sunshine State.
For more reading on life in Margate, check out:
Margate Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Margate. Here is how it fares on each of the criteria:
The Services index in Margate is 102.
The Groceries index in Margate is 105.
The Health index in Margate is 122.
The Housing index in Margate is 103.
The Transportation index in Margate is 106.
The Utilities index in Margate is 105.
| Living Expense | Margate | Florida | National Average |
|---|---|---|---|
| Overall | 110 | 104 | 100 |
| Services | 102 | 101 | 100 |
| Groceries | 105 | 105 | 100 |
| Health | 122 | 99 | 100 |
| Housing | 103 | 104 | 100 |
| Transportation | 106 | 109 | 100 |
| Utilities | 105 | 105 | 100 |
Margate Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Margate Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Margate, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Margate is $318,811.
The Median Rent in Margate is $1,750.
The Median Income in Margate is $62,450.
The Home Value To Income in Margate is 5.1x.
The Rent To Monthly Income in Margate is 0.34x.
Margate, FL Costs By Category
Detailed Margate Services costs vs. Florida
Detailed Margate Groceries costs vs. Florida
Detailed Margate Health costs vs. Florida
Detailed Margate Transportation costs vs. Florida
Margate SnackAbility
Cost Of Living In Cities Around Margate
The cost of living varies in the cities and towns around Margate. Here's a quick look at the cost of living in the most populous nearby places:
Pembroke Pines, FL has a cost of living index of 124, 1.1x Margate.
Coral Springs, FL has a cost of living index of 131, 1.2x Margate.
Pompano Beach, FL has a cost of living index of 113, 1.0x Margate.
| City | Population | Cost Of Living | Vs. Margate |
|---|---|---|---|
| Pembroke Pines, FL | 173,194 | 124 | 1.1x |
| Coral Springs, FL | 136,103 | 131 | 1.2x |
| Pompano Beach, FL | 114,147 | 113 | 1.0x |
| Davie, FL | 108,346 | 128 | 1.2x |
| Boca Raton, FL | 100,234 | 148 | 1.3x |
| Lauderhill, FL | 74,896 | 108 | 1.0x |
| Tamarac, FL | 73,019 | 107 | 1.0x |
| Weston, FL | 68,837 | 153 | 1.4x |
| Coconut Creek, FL | 58,330 | 113 | 1.0x |
| North Lauderdale, FL | 45,234 | 109 | 1.0x |
