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 5,162 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.Margate City is a decidedly white-collar city, with fully 95.20% of the workforce employed in white-collar jobs, well above the national average. Overall, Margate City is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Margate City who work in healthcare (26.00%), sales jobs (13.73%), and management occupations (10.86%). Telecommuters are a relatively large percentage of the workforce: 14.82% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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. Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Margate City. 56.41% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%. The per capita income in Margate City in 2022 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.
