Located in the state of New Jersey, Paramus is a moderately-sized city with a population of 26,795 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (67% White). Given that fact, Paramus could be considered less diverse than other cities. Paramus has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 86% of the population is classified as married and 58% have kids.
Living in Paramus can be a good experience for anyone moving to the city. Having said that, in the state of New Jersey, there are many incredible places to live, so choose wisely! With useful information like weather, education, employment and other key data points, finding the best places to live in Paramus and in the areas around Paramus is a much easier task.
Paramus has a livability score of 61/100 and is ranked #453 in New Jersey and #21,942 in the USA. There are seven total categories that generate the livability score. Paramus ranks well for amenities (A+) and employment (B+). There is at least one category that did not score well in Paramus. The following was graded with a concerning score: cost of living (F), education (D) and housing (F).
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Paramus has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Some of the notable things to do include: The New Jersey Children's Museum, Westfield Garden State Plaza, and Van Saun County Park / Bergen County Zoological Park.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Paramus gets top scores for their low violent crime rates of 52 crimes per 100,000 residents, which are significantly lower than the national average.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Paramus. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Paramus are affordable. The median home price for Paramus homes is $565,300, which is 78.7% higher than the New Jersey average. If we take a closer look at the affordability of homes in Paramus, we’ll see that the home price to income ratio is 5.6, which is 30.2% higher than the New Jersey average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Paramus area were 0.9% and 5 year appreciation rates were 3.6%.
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