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Economy, jobs and prices in Margate, Florida: official figures

The median household income in Margate was $62,450 a year in the 2020-2024 American Community Survey (in 2024 dollars), 178th lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the Florida median $74,568.

Median household income
$62,450
2020-2024
Unemployment rate (ACS)
4.1%
2020-2024
Mean travel time to work
30.7 min
2020-2024
Median gross rent (monthly)
$1,750
2020-2024
Median home value (owner-occupied)
$316,200
2020-2024
Homes occupied by their owners
77.2%
2020-2024
Households with a broadband subscription
90.2%
2020-2024

What is the per capita income in Margate?

Income per resident (per capita income) in Margate averaged $34,214 a year in 2020-2024, 225th lowest of 823 US cities of 50,000 or more (US: $44,673; Florida: $42,609).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Margate?

Margate's Gini index of household income inequality was 0.432 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 284th least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Margate, Florida?

4.1% of the civilian labor force in Margate was unemployed on average over 2020-2024 (1,290 people), 191st lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Florida's 4.8%.

Source: U.S. Census Bureau · saved copy

What share of people in Margate are working?

63.2% of Margate's 50,319 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 256th lowest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Margate have jobs?

30,381 residents of Margate held civilian jobs, 60.4% of those aged 16 and over (US: 59.7%), and 121 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Margate?

The largest industry group for working residents of Margate was education, health care and social assistance (23.0% of employed residents), followed by retail trade (13.7%) and professional, scientific, management and administrative services (13.2%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Margate work in manufacturing?

Manufacturing employed 5.4% of working residents of Margate, 118th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 13.2% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Margate, Florida?

Commuters in Margate took 30.7 minutes on average to get to work in 2020-2024, 115th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 8.7% travelled an hour or more and 13.9% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Margate get to work?

10.5% of workers living in Margate worked from home in 2020-2024, 233rd lowest of 823 US cities of 50,000 or more (US: 15.1%). 71.5% drove to work alone, 10.8% carpooled, 2.5% used public transport and 1.6% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Margate, Florida?

The median gross rent (rent plus utilities) in Margate was $1,750 a month in 2020-2024, 304th highest of 823 US cities of 50,000 or more (US: $1,413; Florida: $1,669).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Margate?

Owner-occupied homes in Margate had a median value of $316,200 in 2020-2024 as estimated by their owners, 305th lowest of 823 US cities of 50,000 or more (US: $332,700; Florida: $359,000).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Margate?

The median home value in Margate was 5.1 times the median household income, 351st highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Margate, Florida own their home?

77.2% of the 24,297 occupied homes in Margate were lived in by their owners in 2020-2024 and 5,549 were rented, 59th highest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Florida: 67.6%).

Source: U.S. Census Bureau · saved copy

What share of homes in Margate have broadband?

90.2% of households in Margate had a broadband internet subscription of some type in 2020-2024, 216th lowest of 823 US cities of 50,000 or more (US: 91.0%; Florida: 91.6%).

Source: U.S. Census Bureau · saved copy

How many households in Margate have no internet?

7.7% of households in Margate (1,863) had no internet access at home in 2020-2024, 152nd highest of 823 US cities of 50,000 or more (US: 6.5%); 9.9% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Margate compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Margate ranks 646 of 823, highest first.

RankCityMedian household income (2024 dollars)
643Abilene$62,648
644Chicopee$62,615
645Miami$62,462
646Margate$62,450
647Kansas City$62,401
648Harrisonburg$62,254
649Oshkosh$62,188
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Margate ranks 599 of 823, highest first.

RankCityPer capita income (2024 dollars)
596Temple$34,319
597Texas City$34,313
598Hempstead$34,304
599Margate$34,214
600Montebello$34,178
601Schenectady$34,175
602North Little Rock$34,174
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Margate ranks 540 of 823, highest first.

RankCityGini index of household income inequality
537Whittier0.432
538Downey0.432
539Renton0.432
540Margate0.432
541Haverhill0.431
542Pawtucket0.431
543Ogden0.431
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Margate ranks 633 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
630Wyoming4.1%
631Hialeah4.1%
632Pembroke Pines4.1%
633Margate4.1%
634Milpitas4.1%
635Palatine4.1%
636Kannapolis4.1%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Margate ranks 568 of 823, highest first.

RankCityLabor force participation rate (16 and over)
565New York63.2%
566Miami Gardens63.2%
567Spokane63.2%
568Margate63.2%
569Fairfield63.2%
570Evansville63.1%
571Springfield63.1%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Margate ranks 115 of 823, highest first.

RankCityMean travel time to work (minutes)
112Oak Lawn30.8
113Lancaster30.8
114DeSoto30.8
115Margate30.7
116Mableton30.7
117Rockville30.7
118Petaluma30.7
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Margate ranks 591 of 823, highest first.

RankCityWorkers who worked from home
588Manteca10.5%
589Medford10.5%
590Everett10.5%
591Margate10.5%
592Harlingen10.4%
593Oshkosh10.4%
594Bellevue10.4%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Margate ranks 210 of 823, highest first.

RankCityWorkers commuting by public transportation
207Auburn2.6%
208Idaho Falls2.5%
209Canton2.5%
210Margate2.5%
211Las Vegas2.5%
212Livermore2.5%
213Hollywood2.5%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Margate ranks 706 of 823, highest first.

RankCityEmployed residents working in manufacturing
703Bayonne5.4%
704Antioch5.4%
705Little Rock5.4%
706Margate5.4%
707Abilene5.4%
708Burbank5.4%
709Sanford5.4%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Margate ranks 404 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
401Tinley Park23.0%
402Queen Creek23.0%
403South Fulton23.0%
404Margate23.0%
405Des Plaines23.0%
406Lodi23.0%
407Newport News23.0%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Margate ranks 304 of 823, highest first.

RankCityMedian gross rent per month
301Miami$1,758
302West Jordan$1,757
303Kyle$1,752
304Margate$1,750
305Bolingbrook$1,749
306Methuen$1,749
307Orlando$1,747
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Margate ranks 519 of 823, highest first.

RankCityMedian value of owner-occupied homes
516Midland$319,200
517Euless$318,800
518Port Orange$317,200
519Margate$316,200
520New Orleans$315,700
521Irving$315,600
522Waukesha$315,500
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Margate ranks 348 of 820, highest first.

RankCityMedian home value as a multiple of median household income
345North Las Vegas5.1x
346Clermont5.1x
347Hempstead5.1x
348Margate5.1x
349New Haven5.1x
350Lacey5.0x
351Kennewick5.0x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Margate ranks 59 of 823, highest first.

RankCityOccupied homes lived in by their owners
56Cape Coral77.2%
57West Jordan77.2%
58Commerce City77.2%
59Margate77.2%
60Mission Viejo76.9%
61Rochester Hills76.7%
62Apex76.5%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Margate ranks 608 of 823, highest first.

RankCityHouseholds with a broadband subscription
605Yuma90.3%
606Lawton90.2%
607Sarasota90.2%
608Margate90.2%
609Mishawaka90.2%
610Daytona Beach90.2%
611Suffolk90.2%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Margate ranks 152 of 823, highest first.

RankCityHouseholds with no internet access
149Grand Island7.8%
150Mishawaka7.8%
151Gastonia7.7%
152Margate7.7%
153Bryan7.7%
154La Crosse7.6%
155Columbus7.6%
Source: U.S. Census Bureau · saved copy

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Sources

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