Housing costs in Paterson?
A typical home costs
$384,700, which is 13.8% more expensive than the national average of
$338,100 and 11.0% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Paterson costs
$1,560 per month, which is 8.8% cheaper than the national average of
$1,710 and 39.1% cheaper than the state average of
$2,170.
Can I afford Paterson?
To live comfortably in Paterson (zip 07524), New Jersey, a minimum annual income of
$73,800 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Paterson?
The cost of living in 07524 Paterson, NJ is relatively high compared to the rest of the United States. According to BestPlaces's 黑料社区 Index, Paterson is 39% higher than the national average. Housing is particularly expensive with prices for a one-bedroom apartment in the city center reaching $1,741 per month and an overall housing index score of 129%. Prices for goods and services are also higher than average, with groceries costing 20% more than usual and restaurant meal prices up 15%. Despite being slightly higher than average, Paterson has plenty of affordable options available as well. The city offers a variety of discounts throughout different times of year making it easier to afford the things you need.