Paterson, NJ
158,735Residents
$55,997Median household income
$1,548/moMedian gross rent
$360,100Median home value
33.3Median age
12%Adults with a bachelor’s degree or higher
27%Homes lived in by their owners
6.4×Home value to household income
Median rent takes about 33% of the median household income in Paterson.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $62,000 a year. In New Jersey that leaves roughly $4,075 a month after tax. See the full paycheck breakdown for $60,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.