08402 ZIP Code – Margate City, New Jersey
08402 is a mid-sized ZIP code in Margate City, New Jersey, part of Atlantic County with a population of approximately 5,331 residents. At $112,661, the median household income here runs near the New Jersey average and well above the U.S. average. The median home value of $572,100 is well above the national average, with 90.0% owner-occupied housing (increasing). , and the median rent of $1,298 is above the national average. Housing consists of 77% single-family (increasing), 18% apartments (increasing), 6% duplex/multi-family.
At 3.2%, the unemployment rate is below the national figure. An estimated 6.2% of the population falls below the poverty line, well below the national figure. Bachelor's degree attainment is 60.1%, well above the national average. Residents have a median age of 57.9, above the U.S. median. Nearby ZIP codes include 08406, 08403, 08225.
ZIP Code 08402 Data
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ZIP 08402 vs. New Jersey vs. U.S.
| Metric | ZIP 08402 | NJ Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 5,331 | 15k | 10k |
| Median Household Income | $112k | $113k | $73k |
| Median Home Value | $572k | $459k | $258k |
| Median Rent | $1,298 | $1,724 | $1,088 |
| Median Age | 57.9 | 43.1 | 43.2 |
| Unemployment Rate | 3.2% | 5.8% | 5.0% |
| Poverty Rate | 6.2% | 8.1% | 13.3% |
| Bachelor's Degree or Higher | 60.1% | 44.1% | 26.9% |
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Nearby ZIP Codes
- 08406 – Ventnor City
- 08403 – Longport
- 08225 – Northfield
- 08221 – Linwood
- 08232 – Pleasantville
- 08401 – Atlantic City
- 08244 – Somers Point
- 08226 – Ocean City
- 08201 – Absecon
- 08234 – Egg Harbor Township
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 08406 | VENTNOR CITY | 9,046 | $71,639 |
| 08403 | LONGPORT | 946 | $108,750 |
| 08225 | NORTHFIELD | 8,432 | $103,977 |
| 08221 | LINWOOD | 6,952 | $133,487 |
| 08232 | PLEASANTVILLE | 20,241 | $49,701 |