Margate is a moderately-sized city located in the state of Florida. The city has a population of 56,245 people. With a population density of 6,349 people per square mile, Margate is well above the nation's average density level. Margate is known to be family friendly as more than 70% of the population has already tied the knot. It might also be worth noting that 64% of residents also have children under the age of 18.
Whether you’re relocating to a new city to be closer to family, friends or for a new job, living in Margate could be a positive experience compared to other cities in Florida if you know where to search. The best areas in Margate and in surrounding cities are easier to find when you are able to make informed decisions. Using data from weather, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Florida and national averages.
Margate has a livability score of 78/100 and is ranked #268 in Florida and #3,111 in the USA. Compared to the United States average, Margate ranks among some of the best places to live in the country! If we dig down a little deeper into each category within the livability score, we see that Margate has higher than average scores for the following: amenities (A+), crime (B+) and weather (A). Margate does not score well for the following: education (D-) and employment (D-). It might be a smart idea to take a closer look at each category to find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Margate has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Margate. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Margate are affordable. The median home price for Margate homes is $135,800, which is 18.6% lower than the Florida average. If we take a closer look at the affordability of homes in Margate, we’ll see that the home price to income ratio is 3.2, which is 5.9% lower than the Florida average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Margate will offer some insight into determining if your home purchase will be a solid investment for years to come. In Margate, the year-over-year appreciation rates were 14.2%, and the 5 year appreciation rates came in at 16.4%.
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