Margate City, New Jersey 

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Population

6,237

26% Decline

Unemployment Rate

7.1%

Median Income

$65,568

Avg. Home Price

$454,900

Best Places to Live in Margate City, New Jersey

Beach and resort city - Southern New Jersey shore
Pros
-Entertainment
-Nearby beaches
-Favorable climate
Cons
-Tourist impact
-Cost of living
-Arts and culture

Find your Best Mortgage in Margate City: Fixed Rate, Adjustable Rate, 30 years, 15 years

What Bert Has To Say About Atlantic City-Hammonton 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.


QUICK FACTS

City: Margate City
Zip Codes: 08402
Time zone: Eastern Standard Time (EST)
Elevation: 10 ft above sea level

Highlights

ECONOMY
The unemployment rate in Margate City is 7.1% (U.S. avg. is 5.2%). Recent job growth is Negative. Margate City jobs have decreased by 2.53%. Learn More...
COST OF LIVING
Compared to the rest of the country, Margate City's cost of living is 42.80% higher than the U.S. average. Learn More... or Compare Margate City's Cost of Living
POPULATION
Margate City's population is 6,237 people. Since 2000, it has had a population growth of -26.02%. Learn More...
TRANSPORTATION
Average Commute time is 21 minutes. The National Average is 26 minutes. Learn More...
REAL ESTATE
The median home cost in Margate City is $454,900. Home appreciation the last 10 years has been 2.76%. Check out the homes in the area.
SCHOOLS
Margate City public schools spend $29,497 per student. The average school expenditure in the U.S. is $12,383. There are about 9.9 students per teacher in Margate City. Learn More...

Best Places to Live in Margate City Rankings


Housing Market in Margate City

It's a good time to buy in Margate City. Home Appreciation is up 2.8% in the last 12 months. Browse Margate City Real Estate.

The median home price in Margate City is $454,900. Browse Homes in this Range.


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MORTGAGE RATES IN MARGATE CITY
30 Yr Fixed
15 Yr Fixed
7 Yr ARM
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MAPS OF MARGATE CITY, NEW JERSEY
Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Margate_City,New Jersey Map
ZIP CODES IN MARGATE CITY, NEW JERSEY
08402
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