Cost of Living in Paramus, NJ
Population: 26,500 • 2026 Data
$139,707
Median Household Income
+81% vs national
$2,845
Median Monthly Rent
+111% vs national
$736,000
Median Home Value
+117% vs national
8.0%
Unemployment Rate
Housing in Paramus
The median home value in Paramus, NJ is $736,000. Monthly rent for a typical unit averages $2,845, while total monthly housing costs (including utilities and insurance) average $2,667.
Rent-to-income ratio: 24.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Paramus, NJ is $139,707. The unemployment rate stands at 8.0%, with a labor force of 12,911 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.