Margate, FL
Population 58,418 · Florida
About Margate, FL
Margate is a mid-sized city in Florida with a population of 58,418 residents. The median household income is $60,852 per year, which is near the national average. The median age in Margate is 45.7 years.
Housing in Margate has a median home value of $286,200 and median monthly rent of $1,662. Of the 27,002 total housing units, the majority are owner-occupied, with 18,984 owner-occupied and 5,650 renter-occupied units.
The unemployment rate in Margate is 4.3% and the poverty rate is 11.6%. 25.0% of residents hold a bachelor's degree or higher. The average commute time is 29.3 minutes.
Cost of Living in Margate, FL
Compared to national averages, Margate has a median household income of $60,852 (19% below the national median of $75,149). Home values average $286,200, which is 17% above the national median. Monthly rent at $1,662 is 43% above the US average of $1,163. Within Florida, Margate's income is 20% below the state average of $75,893, and home values are 19% below the state median of $353,675.
Why Live in Margate, FL?
Margate offers a low poverty rate of 11.6%, better than the national average.
Potential considerations include median household income ($60,852) that falls below the national average. However, as a mid-sized city, Margate provides access to a wide range of amenities and services.
Margate has a population of 58,418 with a median age of 45.7 years. Compare Margate with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Margate
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| The Hammocks | 58,548 | $83,253 | $437,700 | Compare |
| Coconut Creek | 57,587 | $75,516 | $291,000 | Compare |
| North Miami | 59,429 | $51,909 | $326,300 | Compare |
| Palm Beach Gardens | 59,751 | $110,563 | $554,300 | Compare |
| Fountainebleau | 56,453 | $65,568 | $284,600 | Compare |
| Four Corners | 60,443 | $74,202 | $312,300 | Compare |
| Bradenton | 56,289 | $60,964 | $282,500 | Compare |
| Sarasota | 56,218 | $70,065 | $409,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Margate
What is the population of Margate, FL?
The population of Margate, FL is 58,418 according to the latest Census data.
What is the median household income in Margate?
The median household income in Margate, FL is $60,852 per year.
What is the median home value in Margate?
The median home value in Margate, FL is $286,200.
What is the average rent in Margate?
The median monthly rent in Margate, FL is $1,662.
What is the unemployment rate in Margate?
The unemployment rate in Margate, FL is 4.3%.