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Apartments For Rent in Paterson, NJ

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Apartments for Rent in Paterson, NJ

Paterson is a mid-sized city in New Jersey with a population of slightly less than 148,000. Families with young children are a common sight, as kids under 5 account for an above-average 8% of the population, while retirees appear in smaller numbers. Overall, the city's population, with an average age of just under 35, skews decidedly younger than most cities in New Jersey. Homeowners tend to be in the minority in the city, and 73% of residents rent their homes, driven in part by a relatively reasonable average rent that is $138 per month less than the state average. Over the course of a year, renters in Paterson will save around $1,700 compared to the state average.

With an average commute time of about 26 minutes, outperforming most cities in New Jersey, Paterson residents know that it isn't overly time-consuming to get to work. Driving a car or truck is the most common mode of getting to work, opted for by 33% of residents, while public transportation is used by only 4% of the population. Walking (2%) isn't a common means of commuting to work, though the number surpasses the national average.

Paterson has a high number of residents older than 25 with a high school degree or GED (26%) compared to the national average. Further, 5% have a Bachelor's degree and 1% possess a Master's or Doctoral degree. Many Paterson residents work in one of three industries: manufacturing, retail, and healthcare. Combined, these industries account for 20% of the city's workforce. Meanwhile, in terms of job function, many of the city's residents work in transportation, as 10% of the city's population reports this as their field of work, the highest number of any field. With an average annual income of about $50,000, Paterson workers earn about $36,000 less than the average New Jersey resident. Paterson's average income also falls below the national average of $73,345.