Cost of Living in Margate City, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
182.2
100 = national avg
+82.2 vs national average
Living Wage (1 Adult)
$80,172
per year
Living Wage (Family of 4)
$189,497
per year
Cost Index by Category
Housing232.1
Food137.5
Transportation174.9
Healthcare130.0
Utilities148.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,537
per month
2 Bedroom
$1,867
per month
The overall cost of living index in Margate City is 182.2, which is 82.2% above the national average. Housing costs are above the national average at an index of 232.1. A single adult needs to earn approximately $80,172 per year to cover basic expenses.