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Economy, jobs and prices in Paramount, California: official figures

The median household income in Paramount was $75,250 a year in the 2020-2024 American Community Survey (in 2024 dollars), 358th lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the California median $99,122.

Median household income
$75,250
2020-2024
Unemployment rate (ACS)
5.7%
2020-2024
Mean travel time to work
28.4 min
2020-2024
Median gross rent (monthly)
$1,875
2020-2024
Median home value (owner-occupied)
$533,700
2020-2024
Homes occupied by their owners
43.0%
2020-2024
Households with a broadband subscription
90.7%
2020-2024

What is the per capita income in Paramount?

Income per resident (per capita income) in Paramount averaged $26,819 a year in 2020-2024, 42nd lowest of 823 US cities of 50,000 or more (US: $44,673; California: $49,513).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Paramount?

Paramount's Gini index of household income inequality was 0.408 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 132nd least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Paramount, California?

5.7% of the civilian labor force in Paramount was unemployed on average over 2020-2024 (1,532 people), 323rd highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and California's 6.6%.

Source: U.S. Census Bureau · saved copy

What share of people in Paramount are working?

66.5% of Paramount's 40,448 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 352nd highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Paramount have jobs?

25,321 residents of Paramount held civilian jobs, 62.6% of those aged 16 and over (US: 59.7%), and 45 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Paramount?

The largest industry group for working residents of Paramount was education, health care and social assistance (20.1% of employed residents), followed by manufacturing (16.1%) and retail trade (10.9%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Paramount work in manufacturing?

Manufacturing employed 16.1% of working residents of Paramount, 75th highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 9.1% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Paramount, California?

Commuters in Paramount took 28.4 minutes on average to get to work in 2020-2024, 209th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 10.7% travelled an hour or more and 15.9% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Paramount get to work?

7.3% of workers living in Paramount worked from home in 2020-2024, 79th lowest of 823 US cities of 50,000 or more (US: 15.1%). 74.3% drove to work alone, 11.3% carpooled, 3.4% used public transport and 1.8% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Paramount, California?

The median gross rent (rent plus utilities) in Paramount was $1,875 a month in 2020-2024, 228th highest of 823 US cities of 50,000 or more (US: $1,413; California: $2,036).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Paramount?

Owner-occupied homes in Paramount had a median value of $533,700 in 2020-2024 as estimated by their owners, 232nd highest of 823 US cities of 50,000 or more (US: $332,700; California: $734,700).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Paramount?

The median home value in Paramount was 7.1 times the median household income, 120th highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Paramount, California own their home?

43.0% of the 14,618 occupied homes in Paramount were lived in by their owners in 2020-2024 and 8,338 were rented, 91st lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; California: 55.9%).

Source: U.S. Census Bureau · saved copy

What share of homes in Paramount have broadband?

90.7% of households in Paramount had a broadband internet subscription of some type in 2020-2024, 250th lowest of 823 US cities of 50,000 or more (US: 91.0%; California: 93.5%).

Source: U.S. Census Bureau · saved copy

How many households in Paramount have no internet?

6.0% of households in Paramount (881) had no internet access at home in 2020-2024, 281st highest of 823 US cities of 50,000 or more (US: 6.5%); 14.0% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Paramount compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Paramount ranks 466 of 823, highest first.

RankCityMedian household income (2024 dollars)
463Salem$75,487
464Yuba City$75,477
465Tampa$75,475
466Paramount$75,250
467St. Petersburg$75,192
468Arlington$75,171
469Salt Lake City$75,090
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Paramount ranks 782 of 823, highest first.

RankCityPer capita income (2024 dollars)
779Lauderhill$27,022
780Perth Amboy$27,021
781Allentown$26,892
782Paramount$26,819
783North Miami$26,813
784Jackson$26,811
785Valdosta$26,721
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Paramount ranks 692 of 823, highest first.

RankCityGini index of household income inequality
689Mission Viejo0.409
690South Fulton0.408
691Hoffman Estates0.408
692Paramount0.408
693Visalia0.408
694Hendersonville0.408
695Arvada0.408
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Paramount ranks 323 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
320Vancouver5.7%
321Arcadia5.7%
322Norwalk5.7%
323Paramount5.7%
324Clermont5.7%
325Lakewood5.7%
326Spokane5.7%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Paramount ranks 352 of 823, highest first.

RankCityLabor force participation rate (16 and over)
349St. Louis66.5%
350Upland66.5%
351Santa Ana66.5%
352Paramount66.5%
353Los Angeles66.5%
354Concord66.5%
355Corona66.5%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Paramount ranks 209 of 823, highest first.

RankCityMean travel time to work (minutes)
206Stamford28.5
207Garden Grove28.5
208Hoffman Estates28.5
209Paramount28.4
210Lakewood28.4
211Monterey Park28.4
212Alexandria28.4
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Paramount ranks 745 of 823, highest first.

RankCityWorkers who worked from home
742Oxnard7.4%
743Gulfport7.3%
744Hempstead7.3%
745Paramount7.3%
746Newark7.3%
747Springfield7.2%
748Racine7.2%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Paramount ranks 161 of 823, highest first.

RankCityWorkers commuting by public transportation
158Tempe3.4%
159San Ramon3.4%
160Bothell3.4%
161Paramount3.4%
162Reading3.4%
163Orland Park3.4%
164Utica3.4%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Paramount ranks 75 of 823, highest first.

RankCityEmployed residents working in manufacturing
72Fremont16.2%
73Twin Falls16.2%
74Detroit16.2%
75Paramount16.1%
76Cicero16.1%
77Woodbury16.0%
78South Bend15.8%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Paramount ranks 652 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
649Des Moines20.2%
650San Jacinto20.2%
651Rochester Hills20.2%
652Paramount20.1%
653Joliet20.1%
654Reno20.1%
655Ogden20.1%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Paramount ranks 228 of 823, highest first.

RankCityMedian gross rent per month
225Milford$1,882
226Commerce City$1,880
227Perris$1,876
228Paramount$1,875
229Long Beach$1,871
230Sandy Springs$1,870
231Lacey$1,870
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Paramount ranks 232 of 823, highest first.

RankCityMedian value of owner-occupied homes
229Salt Lake City$539,500
230Menifee$537,300
231Holly Springs$535,800
232Paramount$533,700
233Westminster$532,400
234Santa Maria$531,700
235Meridian$531,600
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Paramount ranks 117 of 820, highest first.

RankCityMedian home value as a multiple of median household income
114Chapel Hill7.1x
115Scottsdale7.1x
116Salinas7.1x
117Paramount7.1x
118Hialeah7.1x
119Chula Vista7.0x
120Richmond7.0x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Paramount ranks 733 of 823, highest first.

RankCityOccupied homes lived in by their owners
730Redmond43.2%
731Allentown43.2%
732Buffalo43.0%
733Paramount43.0%
734Mount Vernon42.9%
735Tuscaloosa42.9%
736Bridgeport42.8%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Paramount ranks 574 of 823, highest first.

RankCityHouseholds with a broadband subscription
571Tyler90.8%
572Woodland90.8%
573Colton90.8%
574Paramount90.7%
575Taunton90.7%
576Highland90.7%
577Madera90.7%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Paramount ranks 281 of 823, highest first.

RankCityHouseholds with no internet access
278Clifton6.0%
279Eau Claire6.0%
280Wyoming6.0%
281Paramount6.0%
282Baytown6.0%
283Westland6.0%
284Greeley6.0%
Source: U.S. Census Bureau · saved copy

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Sources

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