What is the cost of living in Margate City, NJ?
According to the most recent data on the cost of living, Margate City has an overall cost of living index of 150, which is 1.5x higher than the national index of 100.
Compared to New Jersey, Margate City has a cost of living index that's 1.2x higher than New Jersey's index of 125.
The standard of living in Margate City ranks as #198 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Margate City ranks as the #64 most expensive place in the Garden State.
For more reading on life in Margate City, check out:
Margate City Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Margate City. Here is how it fares on each of the criteria:
The Services index in Margate City is 110.
The Groceries index in Margate City is 111.
The Health index in Margate City is 235.
The Housing index in Margate City is 115.
The Transportation index in Margate City is 112.
The Utilities index in Margate City is 113.
| Living Expense | Margate City | New Jersey | National Average |
|---|---|---|---|
| Overall | 150 | 125 | 100 |
| Services | 110 | 107 | 100 |
| Groceries | 111 | 113 | 100 |
| Health | 235 | 155 | 100 |
| Housing | 115 | 116 | 100 |
| Transportation | 112 | 112 | 100 |
| Utilities | 113 | 113 | 100 |
Margate City Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Margate City Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Margate City, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, 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 City is $1,097,066.
The Median Rent in Margate City is $1,347.
The Median Income in Margate City is $121,800.
The Home Value To Income in Margate City is 9.0x.
The Rent To Monthly Income in Margate City is 0.13x.
| Statistic | Margate City | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,097,066 | $569,411 | $332,700 |
| Median Rent | $1,347 | $1,720 | $1,413 |
| Median Income | $121,800 | $103,556 | $80,734 |
| Home Value To Income | 9.0x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.13x | 0.2x | 0.21x |
Margate City, NJ Costs By Category
Detailed Margate City Services costs vs. New Jersey
| Item | Margate City | New Jersey |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $13.75 | $12.13 |
| Bowling | $19.47 | $18 |
| Haircut | $23.54 | $24.26 |
| Beauty Salon | $66.27 | $45.56 |
Detailed Margate City Groceries costs vs. New Jersey
| Item | Margate City | New Jersey |
|---|---|---|
| Ground Beef | $5.76 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.73 | $12.09 |
| Beer | $11.99 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Margate City Health costs vs. New Jersey
| Item | Margate City | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Margate City Transportation costs vs. New Jersey
| Item | Margate City | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Margate City Utilities costs vs. New Jersey
| Item | Margate City | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
