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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.
Historical Trends in 08402 (2020–Present)
Since 2020, population declined 11.2%, median income fell 4.1% (inflation-adjusted), home values increased 11.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $114,417 |
| Unemployment | 3.2% |
| Establishments | 177 |
| Employees | 1,640 |