salaryRent here is among the highest 10% in the country. Household incomes are higher than in 91% of U.S. cities. A typical house costs about 5.2 years of household income. Commutes are long, about 30.8 minutes each way. Most homes (82.6%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $133,840 a year. That is $64 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 265 of 291 cities from cheapest to most expensive.
How much do households earn in Paramus?
Share of households by yearly income. 56.9% of households earn $100,000 or more.
Rent by apartment size in Paramus
| Size | Paramus | U.S. average |
|---|---|---|
| Studio | $3,090 | $1,338 |
| 1 bedroom | $1,529 | $1,324 |
| 2 bedrooms | $1,885 | $1,509 |
| 3 bedrooms | $3,264 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Paramus overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Paramus, so the New Jersey figure is shown.
Taxes and bills in Paramus
Life in Paramus
Is it cheaper to rent or buy in Paramus?
Renting is cheaper right now: about $2,301 a month less.
Owning assumes a typical $813,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $81,390 for the down payment.
Frequently asked questions
What is the average rent in Paramus, NJ?
Renting in Paramus costs a median of about $3,346 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Paramus?
To keep rent under 30% of income, you need about $133,840 a year, or $64 an hour at a full-time job.
Is Paramus cheap or expensive?
Paramus is rated OK: rent takes 25.8% of the typical household income of $155,680. It ranks 265th cheapest of 291 New Jersey cities we track.
How much are property taxes in Paramus?
The median homeowner in Paramus pays $10,000+ a year in property taxes, about 1.23% of the median home value.
Is Paramus more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Paramus?
The median home value in Paramus is $813,900, about 5.2 times the typical yearly household income.
26,568 people live in Paramus. Numbers are typical (middle) values.