Here's what it costs to live in Margate, Florida, based on the latest US government data. Renters pay a median of $1,662 per month, while the typical home is valued around $286,200. Households earn a median of $60,852 per year, so rent absorbs a relatively high share of local income. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$60,852
Annual · Census ACS
Median Gross Rent
$1,662
Per month · Census ACS
Median Home Value
$286,200
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
None
No state income tax on wages
State Sales Tax
6.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
58,418
Latest estimate
Median Age
45.7 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Margate?
The cost of living index for Margate is not yet available in our database.
What is the median rent in Margate?
The median gross rent in Margate is $1,662 per month according to US Census ACS data.
What is the median household income in Margate?
The median household income in Margate is $60,852 per year.
What is the median home value in Margate?
The median home value in Margate is $286,200 based on the latest Census ACS survey.
How is the air quality in Margate?
Air quality data for Margate is not yet available.
What are the taxes like in Margate?
Florida has no state income tax on wages and a statewide sales tax of 6.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology