The Margate City population is comprised of mostly white and Hispanic residents. However, a small percentage of residents identify as Asian, Native Hawaiian, or Pacific Islander. Hispanic residents make up 17.8% of the population, and the remaining 2.6% are other races. Census respondents report their ancestry and their most common ancestry is Italian, German, Russian, or Maltese.
The population of Margate City is 6,354 as of the 2010 census, a decline of 1,839 from the 2000 census and by 238 from the 1990 census. In spite of this, residents have many opportunities to own a home. The city's City Center area has more than half of its housing units being single-family dwellings. The City Center area also has many luxury homes and large estates, distinguishing it from other neighborhoods across America.
A few notable residents of Margate include Senator Colin Bell of New Jersey, Tim Cavanaugh of the Los Angeles Times, and the actress Micaela Diamond, who originated the role of Babe in the Cher Show. Others who hail from Margate include Nancy Falkow, a singer, and Jennifer Farrell, Miss New Jersey 2003. A former Pennsylvania state senator, Vince Fumo, was convicted on federal corruption charges. Margate City is home to the United States' 2nd congressional district, and was a former mayor of the city.
The population of Margate City is comprised of many diverse groups, ranging from senior citizens to retirees. In fact, the City has a relatively low poverty rate. In comparison with the national poverty rate of 14.1%, Margate City's is only slightly below this level. Margate City's poverty rate is 4.2%. Newfield's poverty rate is 3.9%. Overall, the poverty rate is low, as is the case in most of New Jersey.