Margate is a city in Florida state in USA with a population of 58465 residents.. The poverty rate of Margate is 12.2%, which is 13% lower than national average. The typical household in Margate earns $46460 a year, compared to the national median of $67,500. Nearly 52.9% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Margate, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Margate remained 3.5%, which is 26% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Margate, only 21% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Margate is 98, which is 2% lower than national average. Median home value in Margate is $215300 , which is 6% lower than national average. While median income in Margate remained $46460, which is 31% lower than national average.