Margate City, NJ
Population 5,260 · New Jersey
About Margate City, NJ
Margate City is a small community in New Jersey with a population of 5,260 residents. The median household income is $114,417 per year, which is above the national average. The median age in Margate City is 57.9 years.
Housing in Margate City has a median home value of $645,200 and median monthly rent of $1,368. Of the 6,940 total housing units, the majority are owner-occupied, with 2,356 owner-occupied and 269 renter-occupied units.
The unemployment rate in Margate City is 3.2% and the poverty rate is 6.2%. 60.1% of residents hold a bachelor's degree or higher. The average commute time is 29.8 minutes.
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.
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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 Census data.
What is the median household income in Margate City?
The median household income in Margate City, NJ is $114,417 per year.
What is the median home value in Margate City?
The median home value in Margate City, NJ is $645,200.
What is the average rent in Margate City?
The median monthly rent in Margate City, NJ is $1,368.
What is the unemployment rate in Margate City?
The unemployment rate in Margate City, NJ is 3.2%.