Also See Paramus, NJ: ZIP Codes & Maps
The Borough of Paramus had a population of 26,455 as of July 1, 2023.
The primary coordinate point for Paramus is located at latitude 40.9445 and longitude -74.0754 in Bergen County. The formal boundaries for the Borough of Paramus encompass a land area of 10.47 sq. miles and a water area of 0.05 sq. miles. Bergen County is in the Eastern time zone (GMT -5).
The Borough of Paramus has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
POPULATION | |
---|---|
Total Population | 26,455 (100%) |
Population in Households | 25,287 (95.6%) |
Population in Families | 23,121 (87.4%) |
Population in Group Quarters1 | 1,168 ( 4.4%) |
Population Density | 2,533 |
Diversity Index2 | 66 |
INCOME | |
Median Household Income | $131,621 |
Average Household Income | $179,319 |
% of Income for Mortgage4 | 31% |
Per Capita Income | $57,000 |
Wealth Index5 | 233 |
Socioeconomic Status Index6 | Moderate (60.4) |
HOUSING | |
---|---|
Total HU (Housing Units) | 8,708 (100%) |
Owner Occupied HU | 7,364 (84.6%) |
Renter Occupied HU | 1,036 (11.9%) |
Vacant Housing Units | 308 ( 3.5%) |
Median Home Value | $672,937 |
Average Home Value | $730,941 |
Housing Affordability Index3 | 73 |
HOUSEHOLDS | |
Total Households | 8,400 |
Average Household Size | 3.01 |
Family Households | 6,686 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.28% | -0.42% |
Households | -0.18% | -0.25% |
Families | -0.24% | |
Median Household Income | 2.67% | |
Per Capita Income | 2.65% | |
Owner Occupied HU | -0.06% |
The table below compares Paramus to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 38 | 95th |
Population Density | # 306 | 56th |
Median Household Income | # 149 | 79th |
Housing Affordability Index | # 228 | 33rd |
Per Capita Income | # 283 | 60th |
Diversity Index | # 205 | 71st |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
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