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This question is about Margate, FL.
What is a good salary in Margate, FL?
A good salary in Margate, FL is anything over $40,000. That's because the median income in Margate is $40,000, which means if you earn more than that you're earning more than 50% of the people living in Margate. The average salary in Margate is $44,537.
A good hourly wage in Margate is $19.23 per hour. That works out to a good weekly wage of $769 per week and a good monthly wage of $3,333 per month. However, using the median income is only one way to calculate a good salary in Margate.
Another way to calculate a good salary in Margate is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $183,800, a good salary in Margate would be $36,760.
Lastly, we can determine a good salary in Margate by looking at the cost of living and comparing it to the US average salary. The cost of living in Margate is 0% higher than than the national average. The national average salary is $56,310, so a good salary in Margate is anything over $56,310 by this measure.
Average Annual Salary in Margate, FL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $22,000 | $1,833 | $423 | $10.58 |
| 25th | $29,000 | $2,416 | $557 | $13.94 |
| Median | $40,000 | $3,333 | $769 | $19.23 |
| 75th | $54,000 | $4,500 | $1,038 | $25.96 |
| 90th | $71,000 | $5,916 | $1,365 | $34.13 |
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