Living in Margate City, New Jersey
Cost of living, income, home prices, rent and demographics of Margate City · Census data 2020–2024
Margate City has 5,234 residents with a median age of 57.5. The median household income is $121,800 (18% higher than the New Jersey median), the median home value is $708,800, the median rent is $1,347/month.
Margate City at a glance
- Population
- 5,234
- Median age
- 57.5State: 40.1
- Median household income
- $121,800State: $103,556
- Median home value
- $708,800State: $454,400
- Median rent
- $1,347/moState: $1,720
- Homeowners
- 90%
- Bachelor's degree or higher
- 57.7%
- Average commute
- 28 min
Is Margate City a good place to live?
Pros: Median household income 18% higher than the New Jersey median; an average commute of 28 minutes; unemployment of 4.1%; a poverty rate of 6.3%.
Cons: Home values 56% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Margate City
Housing is the biggest part of the cost of living. In Margate City the median home value is $708,800, 113% higher than the U.S. median. Renters pay a median of $1,347 per month, which is 25.8% of household income. Homeowners with a mortgage pay $3,106 a month in housing costs.
Margate City median household income
The median household income in Margate City is $121,800 and the income per person is $85,724. 6.3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Margate City: homes for sale and rent
- Housing units
- 6,877
- Owner-occupied
- 90%
- Renter-occupied
- 10%
- Vacant
- 62.6%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.03
62.6% of homes are vacant most of the year, a sign that Margate City has many vacation and second homes.
Margate City demographics
- Population
- 5,234
- Median age
- 57.5
- Under 18
- 13.8%
- 65 and older
- 35.5%
- Households
- 2,570
- Foreign-born
- 6.5%
- Veterans
- 3.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Margate City ›
Education in Margate City
57.7% of adults 25 and older in Margate City have a bachelor's degree or higher (New Jersey: 43.6%), and 28.2% have a graduate or professional degree.
Jobs and commute in Margate City
- Unemployment rate
- 4.1%State: 6.3%
- Average commute
- 28 minState: 31 min
- Work from home
- 20.8%
- Drive alone
- 58.3%
- Public transit
- 0.9%
- Walk to work
- 3.2%
- Homes with broadband
- 94.9%
Margate City vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Margate City | 5,234 | $121,800 | $708,800 | $1,347 |
| Ventnor City | 9,265 | $68,671 | $363,000 | $1,417 |
| Longport | 901 | $109,135 | $1,088,000 | $2,514 |
| Linwood | 6,992 | $156,354 | $394,700 | $2,188 |
| Northfield | 8,456 | $111,599 | $316,200 | $1,835 |
| Pleasantville | 20,712 | $53,661 | $194,100 | $1,354 |
| Atlantic City | 38,632 | $41,028 | $207,400 | $1,136 |
| Bargaintown | 5,377 | $131,973 | $351,700 | $2,406 |
| Somers Point | 10,515 | $71,062 | $309,200 | $1,383 |
More for people moving to Margate City
Margate City ZIP code ›Weather and climate ›Living in Margate City: FAQ
What is the median household income in Margate City, NJ?
The median household income in Margate City is $121,800, 18% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Margate City?
The median home value in Margate City is $708,800, compared with $454,400 in New Jersey.
How much is rent in Margate City?
The median gross rent in Margate City is $1,347 per month, about 25.8% of household income.
Is Margate City, NJ a good place to live?
Pluses: median household income 18% higher than the New Jersey median; an average commute of 28 minutes; unemployment of 4.1%; a poverty rate of 6.3%. Minuses: home values 56% higher than the state median.
What is the median age in Margate City?
The median age in Margate City is 57.5 years (New Jersey: 40.1).
How long is the commute in Margate City?
The average commute to work in Margate City is 28 minutes; 20.8% of workers work from home.
What is the unemployment rate in Margate City?
The unemployment rate in Margate City is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Margate City?
57.7% of adults in Margate City 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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