Margate City is a somewhat small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of New Jersey. With a population of 5,216 people and three associated neighborhoods, Margate City is the 304th largest community in New Jersey.
Margate City home prices are not only among the most expensive in New Jersey, but Margate City real estate also consistently ranks among the most expensive in America.
A relatively large number of people in Margate City telecommute to their jobs. Overall, about 14.82% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Margate City is a major vacation destination. Much of the city’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Margate City’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
Margate City is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
If knowledge is power, Margate City is a pretty powerful place. 56.41% of the adults in Margate City have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Margate City in 2018 was $79,711, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $318,844 for a family of four.
The people who call Margate City home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Margate City residents report their race to be White, followed by Asian. Important ancestries of people in Margate City include Italian, Irish, Russian, German, and English.
The most common language spoken in Margate City is English. Other important languages spoken here include Spanish and Tagalog.