Margate Park, a neighborhood in Chicago, Illinois, exhibits characteristics of a "White Plurality" community with moderate diversity as of 2022. The white population comprises 55% of the neighborhood, approaching but not reaching a racial majority. The area has undergone significant demographic and economic changes over the past decade. The median income increased from $33,883 in 2013 to $46,591 in 2022. Margate Park's location near Lake Michigan and its combination of historic and modern housing may contribute to its evolving demographic landscape.

Over the past decade, Margate Park has shifted from a "Moderate Diversity" community towards a "White Majority" status. In 2013, the neighborhood had a more balanced racial composition with no group exceeding 40% of the population. The white population increased from 40% in 2013 to 55% in 2022, while the Black population decreased from 22% to 15% during the same period. The Asian population fluctuated between 18-22% throughout the decade before decreasing to 13% in 2022. The Hispanic population maintained a consistent presence of 10-13% of the total population.

The demographic changes in Margate Park correlate with significant increases in median income. From 2013 to 2022, the median income rose by approximately 37%, from $33,883 to $46,591. This substantial income growth coincides with the increasing white population and decreasing Black population, suggesting a possible gentrification process. The population of Margate Park peaked in 2017 at 8,012 residents and has since declined to 6,843 in 2022. This population decrease, combined with rising median incomes, may indicate a transition to higher-income households.