Pros and Cons of Living In Margate, Florida. Is Margate, FL a Nice Place To Live or Retire?

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Margate, Florida

Moving to Margate In Florida ? Is Margate, FL a Nice Place To Live? Pros and Cons of Living in Margate, Florida. Find out the best and worst about to live, raise a family or retire in Margate.

Margate is a city in Broward County, Florida, United States. The city of Margate is part of the Miami metropolitan area. As of the 2020 census, the city had a population of 58,712.

DEMOGRAPHICS

Population
58465
Unemployment
3.5%
26% NAT AVG.
Poverty
12.2%
13% NAT AVG.
Cost Of Living
98
2% NAT AVG.

ECONOMICS

Median Home Cost
$215300
6% NAT AVG.
Median Income
$46460
31% NAT AVG.
Median Rent
$1330
15% NAT AVG.
Overall Score
8

CRIME REPORT

Total Crime
780
44% NAT. AVG.
39% STATE AVG.
Violent Crime
105
54% NAT. AVG.
54% STATE AVG.
Property Crime
675
42% NAT. AVG.
36% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 8
Unemployed People
1 in 29
People Earning < $10,000
1 in 15
People Earning < $50,000
52.9%
People With Any Degree
1 in 3.1

ETHNICITY

Ethnicity Margate USA
White 35% 60.1%
African American 30.6% 12.2%
American Indian 0% 0.6%
Asian 3% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.1% 2.8%
Hispanic 26.2% 18.2%
Other 2% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Margate USA
Less than $10,000 6.7% 5.8%
$10,000 to $14,999 7.2% 4.1%
$15,000 to $24,999 10.6% 8.5%
$25,000 to $34,999 9.3% 8.6%
$35,000 to $49,999 19.1% 12.0%
$50,000 to $74,999 17.4% 17.2%
$75,000 to $99,999 10.9% 12.8%
$100,000 to $149,999 12.6% 15.6%
$150,000 to $199,999 3.9% 7.1%

EDUCATION

Education Margate USA
< 9th Grade 5% 5.0%
9-12th Grade 7% 7.0%
High School or GED 36% 27.0%
Other College 20% 20.0%
Associate's Degree 11% 9%
Bachelor's Degree 15% 20.0%
Master's Degree 5% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 0% 1.0%
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. The unemployment rate of Margate remained 3.5%, which is 26% lower than national rate.

Cost of living in Margate is 98, which is 2% lower than national average. In Margate, only 21% of adults have a bachelor's degree and 31% have some college but no degree. 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.
Margate Scorecard

Jobs70%

Housing85%

Affordability30%

Safety80%

Amenities100%

Diversity100%

Education60%

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