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ZipNumbers

New Jersey · Census place 57000

Paterson city, NJ

Quick answer

Paterson city has 157,660 residents, ranking #3 of 700 places in New Jersey. Median household income is $53,766, the median home is worth $335,400 and median gross rent runs $1,457 a month.

Population
157,660Paterson city residents
Median household income
$53,766Past 12 months, inflation adjusted
Median home value
$335,400Owner-occupied units
Median gross rent
$1,457Rent plus utilities, monthly
Median age
33.3 yrsAll residents
Homeownership rate
26.2%Owner-occupied households

What the numbers mean in Paterson city

Housing cost measured against local earnings.

A household earning the Paterson city median would spend about 32.5% 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 6.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 23.6% of residents and 26.2% of households own their home.

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

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