Everything You Need to Know About the City of Paterson New Jersey

In 2017, Paterson, New Jersey had a population of 148k people with a median age of 33.1 and a median household income of $36,106 dollars. Between 2016 and 2017 the population of Paterson, NJ grew from 146,894 to 147,890, a 0.678 percent increase and its median household income grew from $34,042 dollars to $36,106 dollars, a 6.06 percent increase.

The population of Paterson, NJ is 60.7 percent Hispanic or Latino, 25.7 percent Black or African American Alone, and 8.49 percent White Alone. N/A% of the people in Paterson, NJ speak a non-English language, and 81 percent are U.S. citizens.

The largest universities in Paterson, NJ are Passaic County Community College (1,194 degrees awarded in 2017) and Hohokus School of Trade and Technical Sciences (150 degrees).

The median property value in Paterson, NJ is $235,500 dollars, and the homeownership rate is 26.9 percent. Most people in Paterson, NJ commute by Drove Alone, and the average commute time is 23.4 minutes. The average car ownership in Paterson, NJ is 1 car per household.


Education in Paterson

In 2017, universities in Paterson, NJ awarded 1,344 degrees. The student population of Paterson, NJ is skewed towards women, with 2,982 male students and 4,183 female students.

Most students graduating from Universities in Paterson, NJ are Hispanic or Latino (693 and 51.9 percent), followed by White (278 and 20.8 percent), Black or African American (226 and 16.9 percent), and Unknown (67 and 5.02 percent).

The largest universities in Paterson, NJ by the number of degrees awarded are Passaic County Community College (1,194 and 88.8 percent) and Hohokus School of Trade and Technical Sciences (150 and 11.2 percent).

The most popular majors in Paterson, NJ are Liberal Arts & Sciences (339 and 25.2 percent), Criminal Justice – Police Science (144 and 10.7 percent), and General Business (108 and 8.04 percent).

The median tuition costs in Paterson, NJ are $N/A for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Paterson

The economy of Paterson, NJ employs 61k people and Paterson has an unemployment rate of 7.7 percent. Paterson has seen the job market decreased by -0.5 percent over the last year. Future job growth over the next ten years is predicted to be 17.9 percent, which is lower than the US average of 33.5 percent. The largest industries in Paterson, NJ are Health Care & Social Assistance (9,876 people), Manufacturing (10,179 people), and Retail Trade (8,168 people), and the highest paying industries are Utilities ($51,038 dollars), Public Administration ($50,893 dollars), and Professional, Scientific, & Technical Services ($42,859 dollars).

Households in Paterson, NJ have a median annual income of $36,106 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $34,042 dollars in 2016, which represents a 6.06 percent annual growth.


Tax Rates for Paterson

– The Sales Tax Rate for Paterson is 6.6 percent.

– The Income Tax Rate for Paterson is 5.5 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Paterson

– The average earnings of a Paterson resident are $16,259 dollars a year.

– The Median household earnings of a Paterson resident is $33,964 dollars a year.