Residential comparison · 13 facts
Margate, FL vs The Hammocks, FL
Compare the housing, tax, cost, income, safety, school, and climate facts that are available for both places. The table shows the numbers without declaring one city universally better.
A household earning $85,000 in Margate needs about $89,000 in The Hammocks to keep the same lifestyle.
Coming from The Hammocks, $85,000 of lifestyle costs about $81,000 in Margate.
A few differences
- The Hammocks is higher on median household income ($85,628 vs $62,450).
- Margate is lower on cost of living index (102 vs 116).
- Margate is lower on 2-bedroom rent ($1,725/mo vs $2,127/mo).
Margate vs The Hammocks · facet by facet
| Facet | Margate, FL | The Hammocks, FL |
|---|---|---|
| Median home price | $316,200 | $468,100 |
| 2-bedroom rent | $1,725/mo | $2,127/mo |
| Property tax rate | 0.8% | 0.8% |
| State & local income tax | 0% | 0% |
| Sales tax | 7% | 7% |
| Cost of living index | 102 | 116 |
| Groceries index | 103 | 103 |
| Utilities | $180/mo | $180/mo |
| Median household income | $62,450 | $85,628 |
| Unemployment rate | 3.3% | 3.3% |
| Crime index | 45/100 | 45/100 |
| School rating | 5.8/10 | 5.8/10 |
| Sunny days / year | 240 days | 240 days |
Data: Census ACS 2024 · BLS · Tax Foundation 2024 brackets · HUD/Zillow · NOAA 1991–2020 · FEMA NRI · Values are shown as reported; no universal winner is implied.
Full profiles: Margate, FL · The Hammocks, FL
Questions & answers
- Is Margate cheaper than The Hammocks?
- Margate has the lower day-to-day cost index (102 vs 116 against a national 100). The other differences are shown facet by facet in the table.
- What household income in The Hammocks equals $85,000 in Margate?
- A household earning $85,000 in Margate needs about $89,000 in The Hammocks to keep the same lifestyle; coming the other way, $85,000 of The Hammocks lifestyle costs about $81,000 in Margate.