What is the population of Paramus borough?

Paramus borough has 26,500 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #38 of 700 in New Jersey.

What is the median household income in Paramus borough?

Median household income in Paramus borough is $139,707 a year, 77.9% above the national figure of $78,538.

How much does it cost to rent or buy in Paramus borough?

Median gross rent is $2,845 a month and the median home value is $736,000, so rent absorbs about 24.4% of median household income.

Is Paramus borough affordable compared with the rest of the US?

Homes cost about 5.3× the local median income here versus roughly 3.9× nationally, so Paramus borough is less affordable to buy in than the typical US market, and rent takes 24.4% of median income against the 30% cost-burden line.

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New Jersey · Census place 55950

Paramus, NJ population, income and ZIP codes

Quick answer

The population of the city of Paramus, New Jersey (Paramus, NJ — Census place “Paramus borough”) is 26,500 residents, ranking #38 of 700 places in New Jersey. Median household income is $139,707, the median home is worth $736,000 and median gross rent runs $2,845 a month. Looking for the Paramus New Jersey ZIP code list? 1 ZIP codes serve Paramus, NJ: 07652.

Population: 26,500Paramus borough residents
Median household income: $139,707Past 12 months, inflation adjusted
Median home value: $736,000Owner-occupied units
Median gross rent: $2,845Rent plus utilities, monthly
Median age: 49.1 yrsAll residents
Homeownership rate: 81.7%Owner-occupied households

Paramus ZIP codes (New Jersey)

Census ZCTAs whose delivery area overlaps Paramus.

The Paramus NJ ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

07652

What the numbers mean in Paramus borough

Housing cost measured against local earnings.

A household earning the Paramus borough median would spend about 24.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.5% of residents and 81.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Paramus borough, NJ in context

How this area compares with national benchmarks.

Paramus borough is a small city in New Jersey, with 26,500 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #38 of 700 ranked by population — larger than 94% of them. The median age here is 49.1 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Paramus borough earn a median of $139,707 a year, 77.9% above the national figure of $78,538 and 31% above the $106,926 median for the 543 New Jersey cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 5.5% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Paramus borough is valued at $736,000, 142.6% above the national figure and 78% above the $412,500 peer median, while median gross rent runs $2,845 a month, 102.3% above the national figure, or roughly $34,140 across a full year. A household on the local median income would put about 24.4% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 5.3×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 81.7% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in New Jersey.

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Frequently asked questions

Common questions about this area.

What is the population of Paramus borough?: Paramus borough has 26,500 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #38 of 700 in New Jersey.
What is the median household income in Paramus borough?: Median household income in Paramus borough is $139,707 a year, 77.9% above the national figure of $78,538.
How much does it cost to rent or buy in Paramus borough?: Median gross rent is $2,845 a month and the median home value is $736,000, so rent absorbs about 24.4% of median household income.
Is Paramus borough affordable compared with the rest of the US?: Homes cost about 5.3× the local median income here versus roughly 3.9× nationally, so Paramus borough is less affordable to buy in than the typical US market, and rent takes 24.4% of median income against the 30% cost-burden line.
How current is this Paramus borough data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.