Living in Paramount, California
Cost of living, income, home prices, rent and demographics of Paramount · Census data 2020–2024
Paramount has 52,050 residents with a median age of 33.4. The median household income is $75,250 (24% lower than the California median), the median home value is $533,700, the median rent is $1,875/month.
Paramount at a glance
- Population
- 52,050
- Median age
- 33.4State: 37.9
- Median household income
- $75,250State: $99,122
- Median home value
- $533,700State: $734,700
- Median rent
- $1,875/moState: $2,036
- Homeowners
- 43%
- Bachelor's degree or higher
- 14.9%
- Average commute
- 28 min
Is Paramount a good place to live?
Pros: Home values 27% lower than the state median; an average commute of 28 minutes; unemployment of 5.7%.
Cons: Median household income 24% lower than the California median; a poverty rate of 12.6%.
The weather is best in May to July and October.
Cost of living in Paramount
Housing is the biggest part of the cost of living. In Paramount the median home value is $533,700, 60% higher than the U.S. median. Renters pay a median of $1,875 per month, which is 34.5% of household income. Homeowners with a mortgage pay $2,174 a month in housing costs.
Paramount median household income
The median household income in Paramount is $75,250 and the income per person is $26,819. 12.6% of residents live below the poverty line (California: 12%).
Housing in Paramount: homes for sale and rent
- Housing units
- 14,773
- Owner-occupied
- 43%
- Renter-occupied
- 57%
- Vacant
- 1%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 3.54
Paramount demographics
- Population
- 52,050
- Median age
- 33.4
- Under 18
- 25.1%
- 65 and older
- 10.1%
- Households
- 14,618
- Foreign-born
- 36.4%
- Veterans
- 1.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Paramount ›
Education in Paramount
14.9% of adults 25 and older in Paramount have a bachelor's degree or higher (California: 37.1%), and 3.9% have a graduate or professional degree.
Jobs and commute in Paramount
- Unemployment rate
- 5.7%State: 6.6%
- Average commute
- 28 minState: 29 min
- Work from home
- 7.3%
- Drive alone
- 74.3%
- Public transit
- 3.4%
- Walk to work
- 1.8%
- Homes with broadband
- 90.7%
Paramount vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Paramount | 52,050 | $75,250 | $533,700 | $1,875 |
| East Rancho Dominguez | 14,603 | $72,895 | $573,600 | $1,701 |
| Bellflower | 76,819 | $78,722 | $705,700 | $1,830 |
| Lynwood | 64,578 | $74,844 | $597,600 | $1,652 |
| Downey | 110,939 | $90,699 | $796,600 | $1,937 |
| South Gate | 91,483 | $74,571 | $636,300 | $1,531 |
| Compton | 92,698 | $78,465 | $580,200 | $1,664 |
| Willowbrook | 21,681 | $62,582 | $559,200 | $1,570 |
| Lakewood | 79,850 | $119,177 | $827,200 | $2,347 |
More for people moving to Paramount
Paramount ZIP code ›Weather and climate ›Living in Paramount: FAQ
What is the median household income in Paramount, CA?
The median household income in Paramount is $75,250, 24% lower than the California median of $99,122 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Paramount?
The median home value in Paramount is $533,700, compared with $734,700 in California.
How much is rent in Paramount?
The median gross rent in Paramount is $1,875 per month, about 34.5% of household income.
Is Paramount, CA a good place to live?
Pluses: home values 27% lower than the state median; an average commute of 28 minutes; unemployment of 5.7%. Minuses: median household income 24% lower than the California median; a poverty rate of 12.6%.
What is the median age in Paramount?
The median age in Paramount is 33.4 years (California: 37.9).
How long is the commute in Paramount?
The average commute to work in Paramount is 28 minutes; 7.3% of workers work from home.
What is the unemployment rate in Paramount?
The unemployment rate in Paramount is 5.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Paramount?
14.9% of adults in Paramount have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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