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City Report · NJ

Margate City

Pop. 5,234·1st most expensive in New Jersey·Margate City rents have dropped 72.3%, currently a renter's market
Median rent (all units)
$6,862/mo
Year-over-Year
-72.3%
Month-over-Month
-47.5%
vs US Median
+$4,897
Falling (Monthly)
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Most AffordableMost Expensive
Margate City · $6,862
More expensive than 100% of US cities · National median $1,965/mo
Affordability
68% of income
EXPENSIVE
0%30% benchmark60%+

At $6,862/mo, rent takes about 68% of the local median household income, well above the 30% benchmark.

Income to afford
$274,000/yr
Local median income
$121,800/yr
Based on the 30%-of-income rule using Margate City's median rent and household income. See the full affordability breakdown →
Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$82,344/yr
At $6,862/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 72.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-72.3% YoY, -47.5% MoM), not inventory.
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Demographics

Who lives here

Margate City, NJ is majority owner-occupied, has a large retiree population, has a median income above the national average, 57.7% of residents hold a bachelor's degree or higher.

Population
5,234
Median income
$121,800
Median age
57.5
Renters
10%
Age distribution
13.8%
20.4%
18.5%
35.5%
Under 1813.8%
18–3411.8%
35–5420.4%
55–6418.5%
65+35.5%
Gender
44.3%
55.7%
Male44.3%
Female55.7%
Race & ethnicity
92.5%
White92.5%
Hispanic4.3%
Asian1.3%
Other1.5%
Education (25+)
16.1%
22.1%
57.7%
No HS diploma4.1%
HS diploma16.1%
Some college22.1%
Bachelor's+57.7%
Housing tenure
90%
Owner90%
Renter10%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Margate City, NJ has changed in 5 years

Income
$106,053 → $121,800
up 14.8%
Population
5,402 → 5,234
down 3.1%
Renter share
13.7% → 10%
-3.7 pts
Bachelor's+
56.1% → 57.7%
+1.6 pts
Median age
58.1 → 57.5
-0.6 yrs

Median household income rose from $106,053 to $121,800 between 2021 and 2024, a 14.8% shift. The population has contracted by 3.1% since 2021, moving from about 5,402 residents to roughly 5,234. Renters now make up 10% of households, compared with 13.7% five years ago.

Community

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View Margate City rent history (2015–2026) →
Salary vs rent

Can you afford rent in Margate City on your salary?

At $6,862/mo, how Margate City rent compares to typical pay (30% rule).

By apartment size

Margate City rent by bedroom count

Median rent for each apartment size in Margate City. Click any size for full breakdown.

Local insights

Tips for renters in Margate City

About renting in Margate City, NJ

Last updated: July 20, 2026

The median rent in Margate City is $6,862/mo as of July 2026.

At 68% of local median household income ($121,800/yr), Margate City ranks as expensive compared to the national benchmark of 30%. Rents have decreased 72.3% over the past year.

FAQ

Frequently asked questions

Is Margate City an affordable city for renters?

Margate City is considered expensive for renters. At $6,862/mo, rent takes approximately 68% of the local median household income ($121,800/yr). The standard benchmark is 30%. Margate City significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Margate City?

To keep rent at or below 30% of gross income, you would need to earn at least $274,000/year (~$132/hour full-time) to afford the median rent of $6,862/mo in Margate City. The local median household income is $121,800/yr, meaning the typical Margate City household falls short of that threshold.

Is rent going up or down in Margate City?

Rent in Margate City has decreased 72.3% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Margate City rent compare to other cities in New Jersey?

Margate City is one of the pricier cities in New Jersey for rent, ranking #1 out of 180 tracked cities at $6,862/mo.

Which nearby cities are cheaper to rent in than Margate City?

Several nearby cities have lower median rents than Margate City ($6,862/mo): Atlantic City ($1,765/mo), Pleasantville ($1,917/mo), Egg Harbor Township ($2,325/mo).

What percentage of Margate City residents rent vs. own?

According to Census data, approximately 10% of Margate City households are renters, while 90% are owner-occupied. Margate City leans toward homeownership, which can mean a smaller rental inventory.

How does Margate City rent compare to the national average?

Margate City's median rent of $6,862/mo is $4,897 (249%) above the US national median of $1,965/mo. Within New Jersey, it ranks #1 out of 180 tracked cities.
Income Affordability
68%
EXPENSIVE

At $6,862/mo, rent takes ~68% of Margate City's median household income ($121,800/yr). The standard benchmark is 30%.

Margate City 68%Benchmark 30%
State income tax1.4–10.75%
Run the Margate City affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Margate City, NJ

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