Margate, FL Profile: Facts & Data

Advertisement

Margate Local Links & Resources:
Resources | ALL Margate Content
Planning to visit Margate? See Local Hotels

Also See Margate, FL: ZIP Codes & Maps

Margate, Florida - Basic Facts

The City of Margate had a population of 58,299 as of July 1, 2023. Margate ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Margate is located at latitude 26.2445 and longitude -80.2064 in Broward County. The formal boundaries for the City of Margate encompass a land area of 8.86 sq. miles and a water area of 0.23 sq. miles. Broward County is in the Eastern time zone (GMT -5).

The City of Margate has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Margate is located within Coral Springs-Margate CCD of Broward County.


Jump to... (On This Page!)
  1. Margate 2023 Demographic Data
  2. Growth Rates for Margate (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2023 Demographics
Advertisement

Margate, FL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 58,299 (100%)
Population in Households 57,911 (99.3%)
Population in Families 45,450 (78.0%)
Population in Group Quarters1 388 ( 0.7%)
Population Density 6,655
Diversity Index2 84
 
 

INCOME

Median Household Income $54,114
Average Household Income $75,508
% of Income for Mortgage4 33%
Per Capita Income $30,015
Wealth Index5 61
Socioeconomic Status Index6 Moderate (47.9)
 

HOUSING

Total HU (Housing Units) 25,861 (100%)
Owner Occupied HU 16,334 (63.2%)
Renter Occupied HU 6,830 (26.4%)
Vacant Housing Units 2,697 (10.4%)
Median Home Value $293,367
Average Home Value $292,646
Housing Affordability Index3 75
 

HOUSEHOLDS

Total Households 23,164
Average Household Size 2.50
Family Households 14,411
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.22% -0.21%
Households 0.00% -0.24%
Families   -0.15%
Median Household Income   3.40%
Per Capita Income   3.41%
Owner Occupied HU   0.16%

Margate, FL - Peer Comparisons by Rank and Percentile

The table below compares Margate to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 70 93rd
Population Density # 64 93rd
Median Household Income # 624 35th
Housing Affordability Index # 286 30th
Per Capita Income # 611 36th
Diversity Index # 77 92nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

Margate, FL - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Florida Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2023, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Florida Census Data Comparison Tool

Compare Florida July 1, 2023 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement