Paterson
Paterson has lower-than-average household income, with a median household income of $26,960. Population has declined 6% since 2000. 9% of adults hold a bachelor's degree or higher, below the national rate of 20%. Median home value is $136,300. Households here earn about 34% less than the New Jersey median. Despite a median home value of $136,300, the poverty rate sits 40% above the US average — a pattern often seen in resort and college towns.
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How many people live in Paterson, New Jersey?
Paterson, New Jersey has about 140,891 residents according to the 1990 Census.
What is the median household income in Paterson, New Jersey?
The typical household in Paterson, New Jersey earns about $26,960 a year. Half of households make more than that, and half make less.
Is Paterson, New Jersey expensive?
In Paterson, New Jersey, the median home is worth about $136,300, and the typical rent is about $524 a month.
How educated are people in Paterson, New Jersey?
About 8.7% of adults age 25 and over in Paterson, New Jersey hold a bachelor's degree or higher.
What is the poverty rate in Paterson, New Jersey?
About 18.5% of people in Paterson, New Jersey live below the federal poverty line.
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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024