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Paramus Apartment Features
Apartments Near Paramus
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Living In Paramus, NJ
Paramus, a small city in New Jersey, has a population of just under 27,000. It's a comfortable place to settle down, as retirees make up a greater percentage of the population (23%) here than they do nationally (14%), while young professionals account for a smaller percentage of the city. Overall, the city's population, at an average age of just over 44, is older than most cities in New Jersey. Just 13% of residents rent in Paramus, as the majority own their homes. Relatively high rent costs may play a role, as the average rent of $1,705/month is substantially higher than the state average of $1,272.
Paramus has an average commute time of about 35 minutes. Many residents (36%) commute to work by car, while public transportation is used by only 5% of the population. Not many commuters walk to work.
Compared to the national average (7%), Paramus has a relatively large concentration of residents over the age of 25 who have advanced degrees, as 9% possess a Master's degree or a Doctoral degree. Furthermore, 22% have a Bachelor's degree, which also outpaces the national average. There are two primary industries in Paramus: retail and healthcare. Combined, these industries account for 15% of the labor force in the city. Meanwhile, in terms of job function, 8% of residents work in sales, making it the top profession in the city. With an average annual income of almost $116,000, Paramus workers take home around $30,000 more than their peers elsewhere in New Jersey. The city's average income also compares favorably to the national average ($73,345).
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