salaryRent is higher than in 77% of U.S. cities. A typical house costs about 6.6 years of household income, so buying is hard for most locals. Most households rent (57%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $89,320 a year. That is $43 an hour at a full-time job.
Is rent cheaper than other California cities?
Yes. Rent here is cheaper than in most of California. It is number 291 of 653 cities from cheapest to most expensive.
How much do households earn in Paramount?
Share of households by yearly income. 21.5% of households earn $100,000 or more.
Rent by apartment size in Paramount
| Size | Paramount | U.S. average |
|---|---|---|
| Studio | $1,537 | $1,338 |
| 1 bedroom | $1,771 | $1,324 |
| 2 bedrooms | $2,093 | $1,509 |
| 3 bedrooms | $2,088 | $1,698 |
| 4 bedrooms | $2,531 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Paramount overall?
Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Paramount, so the California figure is shown.
Taxes and bills in Paramount
Life in Paramount
Is it cheaper to rent or buy in Paramount?
Renting is cheaper right now: about $1,470 a month less.
Owning assumes a typical $533,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $53,370 for the down payment.
Frequently asked questions
What is the average rent in Paramount, CA?
Renting in Paramount costs a median of about $2,233 a month in 2026, including utilities. The California median is $2,357.
How much do I need to make to live in Paramount?
To keep rent under 30% of income, you need about $89,320 a year, or $43 an hour at a full-time job.
Is Paramount cheap or expensive?
Paramount is rated Expensive: rent takes 33.0% of the typical household income of $81,157. It ranks 291st cheapest of 653 California cities we track.
How much are property taxes in Paramount?
The median homeowner in Paramount pays $3,681 a year in property taxes, about 0.69% of the median home value.
Is Paramount more expensive than the national average?
Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Paramount?
The median home value in Paramount is $533,700, about 6.6 times the typical yearly household income.
52,050 people live in Paramount. Numbers are typical (middle) values.