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Margate City (zip 08402), New Jersey 0 Reviews | Leave a Comment



Pros

-Entertainment
-Nearby beaches
-Favorable climate

Cons

-Tourist impact
-Cost of living
-Arts and culture


What Bert Has To Say About Atlantic City Metro Area


Atlantic City lies on a barrier island on the south coast of New Jersey. Once a popular resort area for residents of New York and Philadelphia from the 1850’s, (the street names in the board game “Monopoly” are taken from downtown streets), the city went into decline after World War II as better travel and transportation services made other destinations accessible. The return to legalized gambling in the late 1970s was a partially successful attempt to revive the earlier prominence.


Highlights


  • Profile: Beach and resort city
  • Time zone: Eastern Standard Time
  • Elevation: 10
  • Real Estate: For Sale  For Rent
  • City: Margate City
  • Zip Codes: Margate City (zip 08402)

Quick Facts About Margate City


    ECONOMY
    The unemployment rate in Margate City (zip 08402) is 10.30 percent(U.S. avg. is 6.30%). Recent job growth is Negative. Margate City (zip 08402) jobs have Decreased by 2.87 percent.
    COST OF LIVING
    Compared to the rest of the country, Margate City (zip 08402)'s cost of living is 55.00% Higher than the U.S. average.
    POPULATION
    As of 2014, Margate City (zip 08402)'s population is 6,459 people. Since 2000, it has had a population growth of -20.93 percent.
    TRANSPORTATION
    Average Commute time is 23 minutes. The National Average is 25 minutes.
    REAL ESTATE
    The median home cost in Margate City (zip 08402) is $426,100. Home appreciation the last year has been -1.70 percent.
    SCHOOLS
    Margate City (zip 08402) public schools spend $20,555 per student. The average school expenditure in the U.S. is $12,435. There are about 12.6 students per teacher in Margate City (zip 08402).

Best Places to Live in Margate City, New Jersey



Margate City Housing Market


It's not a good time to buy in Margate City. Home Appreciataion is down -1.7% in the last 12 months. Browse Margate City Real Estate.
The median home price in Margate City is $426,100. Browse Homes in this Range.
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