Cost of living in Margate
Margate, a charming coastal town in the United Kingdom, offers a unique blend of seaside living and cultural attractions. Understanding the cost of living in Margate is crucial for anyone considering relocating or planning a visit.
This guide provides a detailed breakdown of expenses in Margate, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost £12.21 on average, with a range between £9.39 and £37.56.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around £87.64, with prices ranging from £56.34 to £131.47.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages £10.02, with a range between £9.39 and £12.52.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from £3.51 to £8.76, imported beer £5.01 to £8.76, cappuccino £3.51 to £6.26, and Coke/Pepsi £1.5 to £4.38.
Grocery Prices
- Milk - Milk is priced between £1.25 and £2.5 per liter, averaging £1.88.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between £0.98 and £5.26, with an average price of £2.06.
- Eggs (Dozen) - A dozen eggs range from £3.16 to £5.26, averaging £4.39.
- Fruits (e.g., Apples, Oranges) - Apples cost £1.88 to £3.76 per kg, while oranges range from £1.25 to £5.01 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between £0.63 and £2.5 per kg, and lettuce costs £0.88 to £2.5 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between £2.5 and £4.38, with a monthly pass priced at £73.25.
- Fuel (Gasoline) - Gasoline is priced between £1.78 and £2.25 per liter.
- Taxi Fares - Taxi fares start at £6.26, with a cost of £0.85 to £4.01 per km and £31.3 to £50.08 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages £1064.24.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages £813.83.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between £170.28 and £688.63, averaging £313.79.
- Internet - Internet services range from £26.92 to £50.08, with an average cost of £26.92.
Cost of Living Rankings
The cost of living indices for United Kingdom are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United Kingdom, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Margate offers a relatively affordable cost of living compared to larger UK cities, with moderate prices in dining and groceries.
Housing costs are reasonable, especially outside the city centre, making it an attractive option for those seeking coastal living.
Transportation costs are manageable, with public transport and fuel prices being competitive.
Conclusion
In conclusion, Margate presents a balanced cost of living, ideal for individuals and families looking for a coastal lifestyle without the high expenses of major urban areas.
With its affordable housing, reasonable dining options, and accessible transportation, Margate is a viable choice for both residents and visitors.