New Jersey · Census place 55950
Paramus borough, NJ
Quick answer
Paramus borough has 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.
- 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
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
Compare with nearby places
Places of similar size in New Jersey.
- Old Bridge CDP 28,015
- Millville city 27,432
- Bridgeton city 26,836
- Ridgewood village 26,076
- Lodi borough 25,946
- Cliffside Park borough 25,580
- Carteret borough 25,187
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