Cost of Living in Margate, FL
Population: 58,418 • 2026 Data
$60,852
Median Household Income
-21% vs national
$1,662
Median Monthly Rent
+23% vs national
$286,200
Median Home Value
-16% vs national
4.3%
Unemployment Rate
Housing in Margate
The median home value in Margate, FL is $286,200. Monthly rent for a typical unit averages $1,662, while total monthly housing costs (including utilities and insurance) average $1,509.
Rent-to-income ratio: 32.8%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Margate, FL is $60,852. The unemployment rate stands at 4.3%, with a labor force of 32,247 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.