Here's what it costs to live in Paterson, New Jersey, based on the latest US government data. Renters pay a median of $1,548 per month, while the typical home is valued around $360,100. Households earn a median of $55,997 per year, so rent absorbs a relatively high share of local income. Air quality is good, with an average AQI of 46. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$55,997
Median Income / yr
Census ACS
$1,548
Median Rent / mo
Census ACS
$360,100
Median Home Value
Census ACS
N/A
Cost of Living Index
1BR Fair Market Rent
N/A
HUD · FY2024
2BR Fair Market Rent
N/A
HUD · FY2024
3BR Fair Market Rent
N/A
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | N/A |
| Registered Nurse | N/A |
| Elementary Teacher | N/A |
| Electrician | N/A |
| Accountant | N/A |
| Plumber | N/A |
| Nurse Practitioner | N/A |
| Civil Engineer | N/A |
| Operations Manager | N/A |
| Market Research Analyst | N/A |
| Health Services Manager | N/A |
| Truck Driver | N/A |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
158,735
Latest estimate
Median Age
33.3 yrs
Census ACS
46.0
Good0 = clean · 50 = moderate boundary · lower is better
Source: EPA AirNow
Total Neighborhoods
10
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,411
Per month
Avg Home Value
$325,190
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 07501 | — | $1,353 | $283,300 |
| ZIP 07502 | — | $1,418 | $329,700 |
| ZIP 07503 | — | $1,525 | $313,500 |
| ZIP 07504 | — | $1,441 | $359,900 |
| ZIP 07505 | — | $1,009 | $375,000 |
| ZIP 07508 | — | $1,693 | $412,500 |
| ZIP 07513 | — | $1,524 | $344,200 |
| ZIP 07514 | — | $1,406 | $271,200 |
| ZIP 07522 | — | $1,368 | $209,400 |
| ZIP 07524 | — | $1,377 | $353,200 |
January Avg
33°F
July Avg
79°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Dry/Arid · Source: NOAA/NCEI 30-year normals.
Healthcare Score
28.7
poor
Hospitals
1
Doctors per 1,000
1.00
Insurance Coverage
80.5%
The cost of living index for Paterson is not yet available.
The median gross rent in Paterson is $1,548 per month according to US Census ACS data.
The median household income in Paterson is $55,997 per year.
The median home value in Paterson is $360,100 based on the latest Census ACS survey.
Paterson has an average Air Quality Index (AQI) of 46.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
Tax data for New Jersey is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
