Cost of living in Margate
Margate, located in the sunny state of Florida, offers a unique blend of suburban charm and urban convenience. Understanding the cost of living in Margate is crucial for both current residents and those considering a move to this vibrant city.
This guide provides a detailed breakdown of expenses in various categories, including dining, groceries, transportation, housing, and utilities, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $12 and $45.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $87.5, with prices ranging from $60 to $120.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.5, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $6 to $10, cappuccino $2.5 to $8, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.8 and $2.64 per liter, averaging $1.1.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $6.61, with an average price of $4.2.
- Eggs (Dozen) - A dozen eggs range from $1.54 to $7, averaging $3.45.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.87 to $11.02 per kg, while oranges range from $2.2 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.98 and $8.8 per kg, and lettuce costs $1.88 to $3.5 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.76 and $1 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $1.49 to $3.04 per km and $20 to $24 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $24,000 and $36,050, while a Toyota Corolla ranges from $22,750 to $28,000.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is not specified in the data provided.
- Buying Price per Square Meter (Outside Centre) - The price per square meter to buy an apartment outside the city centre is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $110 and $260, averaging $164.09.
- Internet - Internet services range from $50 to $120, with an average cost of $64.
Cost of Living Rankings
The cost of living indices for the United States 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 States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Margate offers a diverse range of dining options, with prices varying significantly between casual and upscale restaurants.
Grocery prices in Margate are relatively moderate, with essentials like milk and bread being affordable.
Transportation costs are manageable, with gasoline prices being quite reasonable compared to national averages.
Housing data is limited, but utility costs are moderate, making it essential to budget accordingly for living expenses.
Conclusion
In conclusion, Margate, FL, presents a balanced cost of living with affordable options in dining and transportation.
While housing data is limited, the available information suggests that living in Margate can be manageable with proper budgeting.
Prospective residents should consider the variability in dining and grocery prices when planning their move to this vibrant city.