Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 57.9 yrs |
|---|---|
| Avg HH Size | 2.00 |
| Below Poverty | 6.2% ▼ 38% below avg |
| College Grads | 68.3% ▲ 76% above avg |
| Unemployment | 3.2% ▼ 35% below avg |
| HS Graduate | 632 (16.6%) |
| Some College | 195 (5.1%) |
| Associates | 380 (10%) |
| Bachelors | 308 (8.1%) |
| Graduate Degree | 2,289 (60.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $114,417 ▲ 50% above avg |
|---|---|
| Median Home Value | $645,200 ▲ 131% above avg |
| Home/Income Ratio | 5.6x (nat avg ~3.5x) |
| Median Rent | $1,368/mo |
| Total Housing Units | 6,940 |
| Vacant Units | 4,315 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Margate City is a city in New Jersey, located in Atlantic County. The city spans 1 ZIP code and is home to approximately 5,260 residents. It is an older city, with a median age of 57.9 years.
Economically, Margate City is a upper-middle-income community. The median household income of $114,417 is above the national average. Approximately 6.2% of residents live below the poverty line. The unemployment rate is 3.2%, below the national average.
The real estate market in Margate City is a premium housing market. Median home values stand at $645,200, which is more than double the national average. Renters typically pay around $1,368 per month. Homeownership is high at 89.8%, typical of suburban and family-oriented communities.
The population of Margate City is highly educated. 68.3% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (94.45%).
Margate City, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 08402 | 5,260 | $114,417 | $645,200 | $1,368 | 3.2% | 68.3% | 89.8% |