Margate City vs Paterson
| Margate City | Paterson | |
|---|---|---|
| Population | 5,331 | 157,864 |
| Median Household Income | $121,800 | $55,997 |
| Median Home Value | $708,800 | $360,100 |
| Median Gross Rent | $1,347/mo | $1,548/mo |
| Homeownership Rate | 90.0% | 26.9% |
| Unemployment Rate | 4.1% | 10.7% |
| Bachelor's Degree or Higher | 57.7% | 11.8% |
| Median Age | 57.5 | 33.3 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.