Cost of Living in Margate
South East
Town
Kent, EnglandPopulation: 62,000
Average House Price
£356.3k
+23% vs UK avg (£290k)
Median Salary
£40,867
+5% vs UK avg (£39,039)
Average Rent
£1,310/mo
+9% vs UK avg (£1,200)
Quick Facts
Council Tax£2,252Band D / yr
Energy£149/ mo
Water£35.00/ mo
Broadband£41.00/ mo
Bus Pass£82.37/ mo
House Prices in Margate
+4.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£356,260
Detached£554,600
Semi-detached£352,500
Terraced£296,100
Flat / Apartment£220,900
House prices in Margate have increased by +4.0% over the past year.
Salaries in Margate
Annual Salary
Median and mean gross annual pay
Median£40,867
Mean£46,332
Median hourly rate£19.65/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£27,918
Upper quartile (75th)£54,945
vs UK National Median (£39,039)
+4.7%
£1,828 above national averageMonthly Cost of Living in Margate
Estimated Monthly Breakdown
What it costs to live in Margate each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £1,310 |
| Housing | Council Tax(Band D, paid over 12 months) | £188 |
| Utilities | Energy(Gas and electricity) | £149 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £41.00 |
| Transport | Transport(Monthly commute estimate) | £213 |
| Food | Groceries(Estimated monthly shop) | £288 |
| Leisure | Leisure(Gym, dining out, entertainment) | £173 |
| Estimated Total | £2,397 |
These figures are estimates based on averages and may vary depending on your lifestyle, property type, and household size. Council tax shown at Band D; your band may differ.
Transport Costs in Margate
Monthly Bus Pass
Standard adult monthly bus pass
£82.37
Fuel per Litre
Average petrol price per litre
£1.64
Monthly Commute
Estimated monthly commuting cost
£213
Compare Margate with Another Location
See how the cost of living in Margate stacks up against other UK cities and towns.
Or choose any two locations to compareFrequently Asked Questions About Living in Margate
- What is the average house price in Margate?
- The average house price in Margate is £356,260, based on HM Land Registry data for 2025-12-01. Detached homes average £554,600, while flats and apartments average £220,900. Prices have risen by +4.0% over the past year.
- What is the average salary in Margate?
- The median annual salary in Margate is £40,867, compared to the UK national median of £39,039. This is £1,828 above the national average, making it a higher-earning area. Salaries typically range from £27,918 (lower quartile) to £54,945 (upper quartile).
- How much does it cost to rent in Margate?
- Average monthly rent in Margate is £1,310 per month. Rents have increased by +3.5% over the past year.
- Is Margate an affordable place to live?
- Margate can be a stretch for those on median earnings. Rent accounts for approximately 38% of the median monthly income, which exceeds the 30% affordability guideline. The average monthly rent is £1,310, while the median annual salary is £40,867 (approximately £3,406 per month before tax).
- How does Margate compare to London?
- The average house price in Margate is £356,260, compared to approximately £551,000 in London. Property in Margate costs around 65% of London prices, making it £194,740 cheaper on average. Rent is also more affordable, at £1,310 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Margate?
- House prices in Margate are currently rising, with a +4.0% increase over the past year. The current average price of £356,260 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
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