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Economy, jobs and prices in Paterson, New Jersey: official figures

The median household income in Paterson was $55,997 a year in the 2020-2024 American Community Survey (in 2024 dollars), 95th lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the New Jersey median $103,556.

Median household income
$55,997
2020-2024
Unemployment rate (ACS)
10.7%
2020-2024
Mean travel time to work
22.6 min
2020-2024
Median gross rent (monthly)
$1,548
2020-2024
Median home value (owner-occupied)
$360,100
2020-2024
Homes occupied by their owners
26.9%
2020-2024
Households with a broadband subscription
89.3%
2020-2024

What is the per capita income in Paterson?

Income per resident (per capita income) in Paterson averaged $24,403 a year in 2020-2024, 13th lowest of 823 US cities of 50,000 or more (US: $44,673; New Jersey: $54,253).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Paterson?

Paterson's Gini index of household income inequality was 0.473 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 231st most 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 Paterson, New Jersey?

10.7% of the civilian labor force in Paterson was unemployed on average over 2020-2024 (8,178 people), 18th highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and New Jersey's 6.3%.

Source: U.S. Census Bureau · saved copy

What share of people in Paterson are working?

63.7% of Paterson's 119,721 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 284th lowest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Paterson have jobs?

67,993 residents of Paterson held civilian jobs, 56.8% of those aged 16 and over (US: 59.7%), and 123 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Paterson?

The largest industry group for working residents of Paterson was education, health care and social assistance (19.9% of employed residents), followed by manufacturing (13.2%) and retail trade (13.2%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Paterson work in manufacturing?

Manufacturing employed 13.2% of working residents of Paterson, 134th highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 9.6% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Paterson, New Jersey?

Commuters in Paterson took 22.6 minutes on average to get to work in 2020-2024, 286th shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 5.1% travelled an hour or more and 29.7% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Paterson get to work?

5.2% of workers living in Paterson worked from home in 2020-2024, 20th lowest of 823 US cities of 50,000 or more (US: 15.1%). 61.3% drove to work alone, 17.9% carpooled, 7.4% used public transport and 6.0% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Paterson, New Jersey?

The median gross rent (rent plus utilities) in Paterson was $1,548 a month in 2020-2024, 389th lowest of 823 US cities of 50,000 or more (US: $1,413; New Jersey: $1,720).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Paterson?

Owner-occupied homes in Paterson had a median value of $360,100 in 2020-2024 as estimated by their owners, 361st lowest of 823 US cities of 50,000 or more (US: $332,700; New Jersey: $454,400).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Paterson?

The median home value in Paterson was 6.4 times the median household income, 167th 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 Paterson, New Jersey own their home?

26.9% of the 49,865 occupied homes in Paterson were lived in by their owners in 2020-2024 and 36,441 were rented, 9th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; New Jersey: 63.8%).

Source: U.S. Census Bureau · saved copy

What share of homes in Paterson have broadband?

89.3% of households in Paterson had a broadband internet subscription of some type in 2020-2024, 166th lowest of 823 US cities of 50,000 or more (US: 91.0%; New Jersey: 92.8%).

Source: U.S. Census Bureau · saved copy

How many households in Paterson have no internet?

8.7% of households in Paterson (4,333) had no internet access at home in 2020-2024, 99th highest of 823 US cities of 50,000 or more (US: 6.5%); 19.3% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Paterson compares with other cities in the United States

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

Paterson ranks 729 of 823, highest first.

RankCityMedian household income (2024 dollars)
726Owensboro$56,357
727St. Louis$56,160
728Champaign$56,118
729Paterson$55,997
730La Crosse$55,866
731Bossier City$55,819
732Dothan$55,792
Source: U.S. Census Bureau · saved copy

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

Paterson ranks 811 of 823, highest first.

RankCityPer capita income (2024 dollars)
808Detroit$24,594
809Compton$24,592
810Passaic$24,489
811Paterson$24,403
812Madera$24,200
813Porterville$24,102
814Gary$23,453
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Paterson ranks 231 of 823, highest first.

RankCityGini index of household income inequality
228Hemet0.473
229High Point0.473
230Rapid City0.473
231Paterson0.473
232Decatur0.472
233Alameda0.472
234Gallatin0.472
Source: U.S. Census Bureau · saved copy

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

Paterson ranks 18 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
15Gary11.0%
16Cleveland10.8%
17Hartford10.7%
18Paterson10.7%
19Baytown10.2%
20Trenton10.1%
21Pontiac10.1%
Source: U.S. Census Bureau · saved copy

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

Paterson ranks 540 of 823, highest first.

RankCityLabor force participation rate (16 and over)
537Boynton Beach63.8%
538Memphis63.8%
539Pompano Beach63.8%
540Paterson63.7%
541Conway63.7%
542Boulder63.7%
543Alhambra63.7%
Source: U.S. Census Bureau · saved copy

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

Paterson ranks 538 of 823, highest first.

RankCityMean travel time to work (minutes)
535West Valley City22.6
536Elyria22.6
537Norman22.6
538Paterson22.6
539New Orleans22.6
540Santa Clara22.6
541Ogden22.5
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Paterson ranks 804 of 823, highest first.

RankCityWorkers who worked from home
801New Bedford5.4%
802Tulare5.4%
803Corpus Christi5.3%
804Paterson5.2%
805Indio5.1%
806Compton5.0%
807Dothan5.0%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Paterson ranks 51 of 823, highest first.

RankCityWorkers commuting by public transportation
48Newton7.7%
49Wilmington7.7%
50Downers Grove7.4%
51Paterson7.4%
52Cicero7.3%
53Urban Honolulu7.3%
54Norwalk7.3%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Paterson ranks 134 of 823, highest first.

RankCityEmployed residents working in manufacturing
131Des Plaines13.3%
132Baldwin Park13.2%
133Rogers13.2%
134Paterson13.2%
135Minnetonka13.2%
136Tustin13.2%
137Montgomery13.1%
Source: U.S. Census Bureau · saved copy

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

Paterson ranks 670 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
667North Richland Hills19.9%
668Farmington Hills19.9%
669Mountain View19.9%
670Paterson19.9%
671Clearwater19.9%
672Westland19.9%
673Palm Beach Gardens19.9%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Paterson ranks 435 of 823, highest first.

RankCityMedian gross rent per month
432Skokie$1,552
433Farmington Hills$1,551
434Palatine$1,549
435Paterson$1,548
436St. George$1,545
437Layton$1,538
438Union City$1,537
Source: U.S. Census Bureau · saved copy

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

Paterson ranks 463 of 823, highest first.

RankCityMedian value of owner-occupied homes
460Bloomington$361,700
461Clearwater$361,300
462North Richland Hills$360,700
463Paterson$360,100
464League City$360,000
465Madera$359,900
466Shawnee$359,700
Source: U.S. Census Bureau · saved copy

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

Paterson ranks 164 of 820, highest first.

RankCityMedian home value as a multiple of median household income
161Antioch6.5x
162Norwalk6.4x
163New Rochelle6.4x
164Paterson6.4x
165Riverside6.4x
166Sarasota6.4x
167Corona6.4x
Source: U.S. Census Bureau · saved copy

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

Paterson ranks 815 of 823, highest first.

RankCityOccupied homes lived in by their owners
812Jersey City27.9%
813Santa Monica27.9%
814Hawthorne27.2%
815Paterson26.9%
816Hartford25.7%
817Elizabeth25.6%
818Newark24.4%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Paterson ranks 658 of 823, highest first.

RankCityHouseholds with a broadband subscription
655Baton Rouge89.3%
656Huntington Park89.3%
657Jackson89.3%
658Paterson89.3%
659Columbus89.2%
660Urban Honolulu89.2%
661Bradenton89.2%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Paterson ranks 99 of 823, highest first.

RankCityHouseholds with no internet access
96San Angelo8.8%
97Pawtucket8.7%
98Tuscaloosa8.7%
99Paterson8.7%
100Wichita Falls8.7%
101Compton8.6%
102Hemet8.6%
Source: U.S. Census Bureau · saved copy

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Sources

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