Margate City city, NJ

ZIP 08402 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Margate City city, NJ (08402)

Median Income

$114,417

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+339

Wealth inflow

Population

5,260

Unemployment

3.2%

0.5pp below US avg

IRS migration statistics show a net inflow of about 339 for ZIP 08402 (Margate City city, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

3.2%-14% vs US avg

Self-Employed

8.0%+31% vs US avg

SNAP Benefits

1.1%-90% vs US avg

177

Establishments

1,640

Employees

~9 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Construction3.0%
Manufacturing2.0%
Wholesale trade3.2%
Retail trade8.4%
Transportation, utilities2.2%
Information2.6%
Finance, insurance, real estate11.8%
Professional, scientific, management12.6%
Education, health care, social36.4%
Arts, entertainment, food services5.6%
Other services3.2%
Public administration9.0%

Household Income

Historical Trends in 08402 (2020–Present)

Since 2020, population declined 11.2%, median income fell 4.1% (inflation-adjusted), home values increased 11.8%.

Median Income

$114,417

+52% vs US avg

Unemployment Rate