Last updated: 2024 BLS data · Page refreshed:
Margate has a population of 59,198 with a median age of 45.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 59,198 |
| Median Age | 45.0 |
| White | 33.6% |
| Black or African American | 33.7% |
| Asian | 3.2% |
| Hispanic or Latino | 26.7% |
| Other / Two or More Races | 2.8% |
The median household income in Margate is $62,450, which is 22.5% below the national median of $80,610. The per capita income is $34,214. The poverty rate is 12.1%.
The unemployment rate in Margate is 3.2%, compared to the national rate of 4.1%.
Tools that help you land a better-paying role — wherever you live. · Sponsored - see disclosure.
In Margate, 88.0% of residents age 25+ have a high school diploma or higher, and 24.7% hold a bachelor's degree or higher (8.8% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 88.0% |
| Bachelor's Degree or Higher | 24.7% |
| Graduate or Professional Degree | 8.8% |
The median home value in Margate is $316,200, above the national median of $303,400. The median monthly rent is $1,750. The homeownership rate is 77.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $316,200 |
| Median Monthly Rent | $1,750 |
| Homeownership Rate | 77.2% |
| Vacancy Rate | 7.8% |
Explore salary data for popular occupations in Florida:
Find resources to help plan your move, explore homes, and compare insurance rates in Florida.
Free data-driven updates on cities, salaries & cost of living — no spam, unsubscribe anytime.
Join Americans who use data to make smarter decisions. Privacy Policy