Living in Margate, Florida
Cost of living, income, home prices, rent and demographics of Margate · Census data 2020–2024
Margate has 59,198 residents with a median age of 45. The median household income is $62,450 (16% lower than the Florida median), the median home value is $316,200, the median rent is $1,750/month.
Margate at a glance
- Population
- 59,198
- Median age
- 45State: 42.6
- Median household income
- $62,450State: $74,568
- Median home value
- $316,200State: $359,000
- Median rent
- $1,750/moState: $1,669
- Homeowners
- 77.2%
- Bachelor's degree or higher
- 24.7%
- Average commute
- 31 min
Is Margate a good place to live?
Pros: Home values 12% lower than the state median; unemployment of 4.1%; a poverty rate of 12.1%.
Cons: Median household income 16% lower than the Florida median; an average commute of 31 minutes.
The weather is best in December to March.
Cost of living in Margate
Housing is the biggest part of the cost of living. In Margate the median home value is $316,200, 5% lower than the U.S. median. Renters pay a median of $1,750 per month, which is 41.5% of household income. Homeowners with a mortgage pay $2,079 a month in housing costs.
Margate median household income
The median household income in Margate is $62,450 and the income per person is $34,214. 12.1% of residents live below the poverty line (Florida: 12.6%).
Housing in Margate: homes for sale and rent
- Housing units
- 26,356
- Owner-occupied
- 77.2%
- Renter-occupied
- 22.8%
- Vacant
- 7.8%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.42
Margate demographics
- Population
- 59,198
- Median age
- 45
- Under 18
- 17.3%
- 65 and older
- 23.5%
- Households
- 24,297
- Foreign-born
- 40.6%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Margate ›
Education in Margate
24.7% of adults 25 and older in Margate have a bachelor's degree or higher (Florida: 34.1%), and 8.8% have a graduate or professional degree.
Jobs and commute in Margate
- Unemployment rate
- 4.1%State: 4.8%
- Average commute
- 31 minState: 28 min
- Work from home
- 10.5%
- Drive alone
- 71.5%
- Public transit
- 2.5%
- Walk to work
- 1.6%
- Homes with broadband
- 90.2%
Margate vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Margate | 59,198 | $62,450 | $316,200 | $1,750 |
| North Lauderdale | 45,234 | $63,326 | $307,100 | $2,081 |
| Coconut Creek | 58,330 | $75,014 | $309,600 | $2,102 |
| Coral Springs | 136,103 | $93,602 | $545,400 | $2,084 |
| Tamarac | 73,019 | $61,718 | $288,600 | $1,895 |
| Pompano Beach | 114,147 | $67,195 | $349,300 | $1,724 |
| Hillsboro Pines | 457 | $84,651 | $692,900 | — |
| Parkland | 37,178 | $198,669 | $983,000 | $3,157 |
| Lauderdale Lakes | 36,404 | $50,006 | $214,100 | $1,663 |
More for people moving to Margate
Margate ZIP code ›Weather and climate ›Living in Margate: FAQ
What is the median household income in Margate, FL?
The median household income in Margate is $62,450, 16% lower than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Margate?
The median home value in Margate is $316,200, compared with $359,000 in Florida.
How much is rent in Margate?
The median gross rent in Margate is $1,750 per month, about 41.5% of household income.
Is Margate, FL a good place to live?
Pluses: home values 12% lower than the state median; unemployment of 4.1%; a poverty rate of 12.1%. Minuses: median household income 16% lower than the Florida median; an average commute of 31 minutes.
What is the median age in Margate?
The median age in Margate is 45 years (Florida: 42.6).
How long is the commute in Margate?
The average commute to work in Margate is 31 minutes; 10.5% of workers work from home.
What is the unemployment rate in Margate?
The unemployment rate in Margate is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Margate?
24.7% of adults in Margate have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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