Living in Paramus, New Jersey
Cost of living, income, home prices, rent and demographics of Paramus · Census data 2020–2024
Paramus has 26,568 residents with a median age of 49.1. The median household income is $144,349 (39% higher than the New Jersey median), the median home value is $813,900, the median rent is $3,032/month.
Paramus at a glance
- Population
- 26,568
- Median age
- 49.1State: 40.1
- Median household income
- $144,349State: $103,556
- Median home value
- $813,900State: $454,400
- Median rent
- $3,032/moState: $1,720
- Homeowners
- 82.6%
- Bachelor's degree or higher
- 51.8%
- Average commute
- 31 min
Is Paramus a good place to live?
Pros: Median household income 39% higher than the New Jersey median; a poverty rate of 4.7%.
Cons: Home values 79% higher than the state median; an average commute of 31 minutes; unemployment of 7.7%.
The weather is best in May–June and August–September.
Cost of living in Paramus
Housing is the biggest part of the cost of living. In Paramus the median home value is $813,900, 145% higher than the U.S. median. Renters pay a median of $3,032 per month, which is 37.3% of household income. Homeowners with a mortgage pay $3,794 a month in housing costs.
Paramus median household income
The median household income in Paramus is $144,349 and the income per person is $58,552. 4.7% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Paramus: homes for sale and rent
- Housing units
- 8,813
- Owner-occupied
- 82.6%
- Renter-occupied
- 17.4%
- Vacant
- 4%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.94
Paramus demographics
- Population
- 26,568
- Median age
- 49.1
- Under 18
- 18.5%
- 65 and older
- 26.2%
- Households
- 8,464
- Foreign-born
- 31.3%
- Veterans
- 3.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Paramus ›
Education in Paramus
51.8% of adults 25 and older in Paramus have a bachelor's degree or higher (New Jersey: 43.6%), and 19.7% have a graduate or professional degree.
Jobs and commute in Paramus
- Unemployment rate
- 7.7%State: 6.3%
- Average commute
- 31 minState: 31 min
- Work from home
- 21.7%
- Drive alone
- 62.6%
- Public transit
- 7.9%
- Walk to work
- 1.3%
- Homes with broadband
- 96.3%
Paramus vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Paramus | 26,568 | $144,349 | $813,900 | $3,032 |
| Oradell | 8,235 | $221,322 | $737,800 | $2,305 |
| River Edge | 12,091 | $159,028 | $660,300 | $1,879 |
| Fair Lawn | 35,610 | $144,574 | $564,700 | $1,917 |
| New Milford | 16,995 | $114,889 | $580,400 | $1,765 |
| Rochelle Park | 5,869 | $110,380 | $498,500 | $1,819 |
| Washington | 9,323 | $180,133 | $664,000 | $2,357 |
| Glen Rock | 12,154 | $215,096 | $856,900 | $1,930 |
| Maywood | 10,093 | $117,912 | $533,500 | $1,854 |
More for people moving to Paramus
Paramus ZIP code ›Weather and climate ›Living in Paramus: FAQ
What is the median household income in Paramus, NJ?
The median household income in Paramus is $144,349, 39% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Paramus?
The median home value in Paramus is $813,900, compared with $454,400 in New Jersey.
How much is rent in Paramus?
The median gross rent in Paramus is $3,032 per month, about 37.3% of household income.
Is Paramus, NJ a good place to live?
Pluses: median household income 39% higher than the New Jersey median; a poverty rate of 4.7%. Minuses: home values 79% higher than the state median; an average commute of 31 minutes; unemployment of 7.7%.
What is the median age in Paramus?
The median age in Paramus is 49.1 years (New Jersey: 40.1).
How long is the commute in Paramus?
The average commute to work in Paramus is 31 minutes; 21.7% of workers work from home.
What is the unemployment rate in Paramus?
The unemployment rate in Paramus is 7.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Paramus?
51.8% of adults in Paramus 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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