Margate is a medium-sized town that is known to have a small town feel with a big city attitude. The city is part of the Miami-Fort Lauderdale-Pompano Beach metro area, and has a population of around 56,000 people. The city offers a mixture of housing options in 11 different neighborhoods, with the majority being single family detached homes. There are also townhomes, condominiums, and mobile homes available for sale. The majority of the homes were built between 1970 and 1999, and only five percent of the homes are considered to be of newer construction. The median home value is around $160,000 but houses can be found for all budgets.
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The workforce of Margate is made up of a mixture of both blue collar and white collar workers. The industries that employ the most people are healthcare, retail, hospitality and accommodation, and administration. The education level of the residents is just slightly higher than the national average, with 22 percent of the population holding a bachelor's degree or advanced degree. The area has seven public schools, a preparatory academy, and four private schools.