Margate City, NJ
Population 5,260 · New Jersey
About Margate City, NJ
Margate City is a small town located in New Jersey with a population of 5,260 residents according to the latest US Census Bureau American Community Survey data. The median household income is $114,417 per year, which is 52% above the national median of $75,149. The median age of 57.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Margate City features a median home value of $645,200, which is 163% above the national median of $244,900. This places Margate City in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,368, 18% above the national average of $1,163/month. Of the 6,940 total housing units, 90% are owner-occupied (2,356 units) and 10% are renter-occupied (269 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Margate City shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Margate City have an average one-way commute time of 29.8 minutes.
Education & Demographics
60.1% of Margate City residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.4% White, 0.0% Hispanic or Latino, 0.2% Black or African American, and 0.6% Asian residents, with 5.5% of the population being foreign-born.
Cost of Living in Margate City, NJ
Compared to national averages, Margate City has a median household income of $114,417 (52% above the national median of $75,149). Home values average $645,200, which is 163% above the national median. Monthly rent at $1,368 is 18% above the US average of $1,163. Within New Jersey, Margate City's income is 1% below the state average of $115,667, and home values are 37% above the state median of $469,644.
Why Live in Margate City, NJ?
Margate City offers a strong local economy with a median household income of $114,417, well above the national average, and a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 60.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $645,200. However, Margate City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Margate City has a population of 5,260 with a median age of 57.9 years. Compare Margate City with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Margate City
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bargaintown | 5,231 | $127,734 | $307,100 | Compare |
| Salem | 5,315 | $40,650 | $69,300 | Compare |
| Englewood Cliffs | 5,330 | $222,192 | $1,232,700 | Compare |
| Troy Hills | 5,183 | $180,618 | $634,600 | Compare |
| Clementon | 5,351 | $69,536 | $197,200 | Compare |
| Beach Haven West | 5,164 | $116,949 | $577,500 | Compare |
| Glendora | 5,367 | $94,792 | $219,700 | Compare |
| Ledgewood | 5,150 | $125,000 | $454,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Margate City With Other Cities
Frequently Asked Questions about Margate City
What is the population of Margate City, NJ?
The population of Margate City, NJ is 5,260 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Margate City?
The median household income in Margate City, NJ is $114,417 per year, which is 52% above the national median of $75,149.
What is the median home value in Margate City?
The median home value in Margate City, NJ is $645,200, which is 163% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Margate City?
The median monthly rent in Margate City, NJ is $1,368, which is 18% above the national average of $1,163/month.
What is the unemployment rate in Margate City?
The unemployment rate in Margate City, NJ is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Margate City, NJ a good place to live?
Margate City offers above-average incomes, a competitive housing market, and a strong job market. With a population of 5,260 and a median age of 57.9, the city appeals to established professionals and retirees.
How educated is Margate City, NJ?
60.1% of residents in Margate City aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Margate City?
Key cost-of-living indicators for Margate City, NJ: median home value is $645,200 (163% above national), median rent is $1,368/month, and median household income is $114,417. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Margate City?
The poverty rate in Margate City, NJ is 6.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Margate City, NJ?
Margate City's population is 0.4% White, 0.0% Hispanic or Latino, 0.2% Black or African American, 0.6% Asian, and 0.1% two or more races. 5.5% of residents are foreign-born.