Paramus, NJ
Population 26,500 · New Jersey
About Paramus, NJ
Paramus is a mid-sized city in New Jersey with a population of 26,500 residents. The median household income is $139,707 per year, which is above the national average. The median age in Paramus is 49.1 years.
Housing in Paramus has a median home value of $736,000 and median monthly rent of $2,845. Of the 8,898 total housing units, the majority are owner-occupied, with 6,877 owner-occupied and 1,543 renter-occupied units.
The unemployment rate in Paramus is 8.0% and the poverty rate is 5.5%. 50.2% of residents hold a bachelor's degree or higher. The average commute time is 30.6 minutes.
How Paramus Ranks in New Jersey
Cost of Living in Paramus, NJ
Compared to national averages, Paramus has a median household income of $139,707 (86% above the national median of $75,149). Home values average $736,000, which is 201% above the national median. Monthly rent at $2,845 is 145% above the US average of $1,163. Within New Jersey, Paramus's income is 21% above the state average of $115,667, and home values are 57% above the state median of $469,644.
Why Live in Paramus, NJ?
Paramus offers a strong local economy with a median household income of $139,707, well above the national average, and a well-educated community where 50.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $736,000. However, Paramus’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Paramus has a population of 26,500 with a median age of 49.1 years. Compare Paramus with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Paramus
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bridgeton | 26,836 | $46,124 | $134,400 | Compare |
| Ridgewood | 26,076 | $217,250 | $882,700 | Compare |
| Lodi | 25,946 | $84,570 | $449,200 | Compare |
| Cliffside Park | 25,580 | $94,960 | $577,200 | Compare |
| Millville | 27,432 | $67,190 | $199,300 | Compare |
| Carteret | 25,187 | $87,553 | $370,200 | Compare |
| Old Bridge | 28,015 | $106,934 | $457,800 | Compare |
| Bergenfield | 28,269 | $124,083 | $469,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Paramus
What is the population of Paramus, NJ?
The population of Paramus, NJ is 26,500 according to the latest Census data.
What is the median household income in Paramus?
The median household income in Paramus, NJ is $139,707 per year.
What is the median home value in Paramus?
The median home value in Paramus, NJ is $736,000.
What is the average rent in Paramus?
The median monthly rent in Paramus, NJ is $2,845.
What is the unemployment rate in Paramus?
The unemployment rate in Paramus, NJ is 8.0%.