Housing costs in Margate City?
A typical home costs
$742,200, which is 119.5% more expensive than the national average of
$338,100 and 71.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Margate City costs
$1,800 per month, which is 25.9% more than the national average of
$1,430 and 5.0% more than the state average of
$1,710.
Can I afford Margate City?
To live comfortably in Margate City, New Jersey, a minimum annual income of
$142,200 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Margate City?
Margate City, NJ is an affordable place to live with a cost of living that is slightly lower than the national average. The housing market in Margate City is quite competitive and it offers some of the most affordable options for those looking to buy a home. Renters can find reasonable prices in the area as well, though it can vary based on location. Groceries are reasonably priced and there are plenty of restaurants offering meals at relatively low prices as well. Transportation costs are also lower than the national average with taxis being available throughout the city. All in all, Margate City, NJ provides an affordable and comfortable place to call home.