Most Expensive Paramus Neighborhoods
Paramus is a medium-sized borough located in the state of New Jersey. With a population of 26,832 people and five constituent neighborhoods, Paramus is the 69th largest community in New Jersey.
Paramus home prices are not only among the most expensive in New Jersey, but Paramus real estate also consistently ranks among the most expensive in America.
Paramus is a decidedly white-collar borough, with fully 88.00% of the workforce employed in white-collar jobs, well above the national average. Overall, Paramus is a borough of professionals, sales and office workers and managers. There are especially a lot of people living in Paramus who work in sales jobs (13.59%), office and administrative support (12.47%) and management occupations (11.17%).
Also of interest is that Paramus has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Paramus telecommute to their jobs. Overall, about 7.80% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Paramus is a great place for families with children to consider. First of all, many other families with children live here, making Paramus a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Paramus has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Paramus’s overall crime rate is lower than average for the country.
One downside of living in Paramus is that it can take a long time to commute to work. In Paramus, the average commute to work is 30.81 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative.
For the size of the borough, public transportation in Paramus is quite heavily used. Mostly, people who use it for their daily commute are taking the bus. For Paramus, the benefits are reduced air pollution and congestion on the highways.
Paramus is one of the most well-educated cities in the nation. 48.26% of adults in Paramus have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Paramus in 2010 was $41,157, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $164,628 for a family of four.
Paramus is a very ethnically-diverse borough. The people who call Paramus home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Paramus residents report their race to be White, followed by Asian. Important ancestries of people in Paramus include Italian, Irish, German, Polish, Russian and English.
Paramus also has a high percentage of its population that was born in another country: 30.57%.
The languages spoken by people in Paramus are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Paramus is English. Other important languages spoken here include Korean, Spanish, Gujarathi and Other Asian languages.
|NUMBER OF HOMES AND APARTMENTS||8,435|
|PARAMUS HOME OWNERSHIP|
|% OWNER OCCUPIED||83.43%|
|% RENTER OCCUPIED||16.57%|
|TYPE OF PARAMUS HOMES|
|SINGLE FAMILY DETACHED||86.42%|
|ROWHOUSES AND ATTACHED HOMES||3.71%|
|SMALL APARTMENT BUILDINGS||4.38%|
|COMPLEXES OR HIGH RISE APARTMENTS||5.49%|
|SIZE OF PARAMUS HOMES|
|5 OR MORE BEDROOMS||11.68%|
|AGE OF PARAMUS HOMES|
|NEWER HOMES (2000 OR LATER)||11.80%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||17.62%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||64.77%|
|HISTORIC (1939 OR BEFORE)||5.81%|
|PARAMUS REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$589,622|
|MEDIAN RENTAL PRICE||$2,126|
|HOME VALUE RANGE|
|$0 - $53,000||1.42%|
|$53,001 - $107,000||0.49%|
|$107,001 - $213,000||1.62%|
|$213,001 - $320,000||3.61%|
|$320,001 - $427,000||8.83%|
|$427,001 - $533,000||24.83%|
|$533,001 - $800,000||42.33%|
|$800,001 - $1,067,000||10.29%|
|PEOPLE OF PARAMUS||DETAILS|
|UNDER 5 YEARS||4.28%|
|5 TO 17||15.37%|
|18 TO 24||7.22%|
|25 TO 34||8.39%|
|35 TO 54||27.69%|
|55 TO 64||14.11%|
|65 YEARS AND OVER||22.95%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||92.38%|
|MEDIAN HOUSEHOLD INCOME||$96,454|
|PER CAPITA INCOME||$41,157|
|INDIVIDUALS BELOW POVERTY LEVEL||3.14%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (14.68%)
Professional, scientific, and technical services (10.31%)
Public Service (3.86%)
Information Technology (3.19%)
Real estate (2.03%)
|BLACK OR AFRICAN AMERICAN||1.97%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.07%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||2.19%|
|TWO OR MORE RACES||1.80%|
|HISPANIC OR LATINO (OF ANY RACE)||8.29%|
|ETHNICITIES PRESENT||Italian (19.92%)
|LANGUAGES SPOKEN||English (59.98%)
Other Asian languages (2.63%)
Indic languages (1.82%)
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