Here's what it costs to live in Paterson, New Jersey, based on the latest US government data. Renters pay a median of $1,457 per month, while the typical home is valued around $335,400. Households earn a median of $53,766 per year, so rent absorbs a relatively high share of local income. Air quality is moderate, with an average AQI of 61. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$53,766
Annual · Census ACS
Median Gross Rent
$1,457
Per month · Census ACS
Median Home Value
$335,400
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
10.75%
Top marginal rate
State Sales Tax
6.63%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
157,660
Latest estimate
Median Age
33.3 yrs
Census ACS
Average AQI
61.0
Source: EPA AirNow
What is the cost of living index for Paterson?
The cost of living index for Paterson is not yet available in our database.
What is the median rent in Paterson?
The median gross rent in Paterson is $1,457 per month according to US Census ACS data.
What is the median household income in Paterson?
The median household income in Paterson is $53,766 per year.
What is the median home value in Paterson?
The median home value in Paterson is $335,400 based on the latest Census ACS survey.
How is the air quality in Paterson?
Paterson has an average Air Quality Index (AQI) of 61.0, which is rated "Moderate" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Paterson?
New Jersey has a top state income tax rate of 10.75% and a statewide sales tax of 6.63% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology