Pros and Cons of Living In Paramus, New Jersey. Is Paramus, NJ a Nice Place To Live or Retire?

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Paramus, New Jersey

Moving to Paramus In New Jersey ? Is Paramus, NJ a Nice Place To Live? Pros and Cons of Living in Paramus, New Jersey. Find out the best and worst about to live, raise a family or retire in Paramus.

DEMOGRAPHICS

Population
26403
Unemployment
5.9%
26% NAT AVG.
Poverty
3.5%
75% NAT AVG.
Cost Of Living
159
59% NAT AVG.

ECONOMICS

Median Home Cost
$614900
168% NAT AVG.
Median Income
$130273
93% NAT AVG.
Median Rent
$2503
116% NAT AVG.
Overall Score
9

CRIME REPORT

Total Crime
478
22% NAT. AVG.
35% STATE AVG.
Violent Crime
23
77% NAT. AVG.
55% STATE AVG.
Property Crime
455
11% NAT. AVG.
50% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 29
Unemployed People
1 in 17
People Earning < $10,000
1 in 56
People Earning < $50,000
21%
People With Any Degree
1 in 1.8

ETHNICITY

Ethnicity Paramus USA
White 56.2% 60.1%
African American 4% 12.2%
American Indian 0.2% 0.6%
Asian 26.9% 5.6%
Hawaiian 0% 0.2%
Multiracial 1% 2.8%
Hispanic 11.8% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Paramus USA
Less than $10,000 1.8% 5.8%
$10,000 to $14,999 1.1% 4.1%
$15,000 to $24,999 7.2% 8.5%
$25,000 to $34,999 5.8% 8.6%
$35,000 to $49,999 5.1% 12.0%
$50,000 to $74,999 7.9% 17.2%
$75,000 to $99,999 9.3% 12.8%
$100,000 to $149,999 22.6% 15.6%
$150,000 to $199,999 15.3% 7.1%

EDUCATION

Education Paramus USA
< 9th Grade 3% 5.0%
9-12th Grade 3% 7.0%
High School or GED 22% 27.0%
Other College 17% 20.0%
Associate's Degree 6% 9%
Bachelor's Degree 31% 20.0%
Master's Degree 12% 9.0%
Professional Degree 4% 2.0%
Doctorate Degree 2% 1.0%
Paramus is a city in New Jersey state in USA with a population of 26403 residents.. The poverty rate of Paramus is 3.5%, which is 75% lower than national average. The typical household in Paramus earns $130273 a year, compared to the national median of $67,500. Nearly 21% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Paramus remained 5.9%, which is 26% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Paramus is 159, which is 59% higher than national average. In Paramus, only 49% of adults have a bachelor's degree and 23% have some college but no degree. Median home value in Paramus is $614900 , which is 168% higher than national average. While median income in Paramus remained $130273, which is 93% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Paramus Scorecard

Jobs80%

Housing100%

Affordability40%

Safety80%

Amenities90%

Diversity90%

Education85%

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