Housing costs in Paterson?
A typical home costs
$391,600, which is 15.8% more expensive than the national average of
$338,100 and 9.4% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Paterson costs
$1,580 per month, which is 10.5% more than the national average of
$1,430 and 8.2% cheaper than the state average of
$1,710.
Can I afford Paterson?
To live comfortably in Paterson, New Jersey, a minimum annual income of
$74,880 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Paterson?
Paterson, New Jersey presents relatively affordable housing options; median house values hit close to $236K while median rent for a one-bedroom apartment usually hovers between approximately $1,400 - 1,700 depending on area or building type chosen. Essential items such as food and utilities are estimated to remain very similar to those found nationwide wheres taxes have historically been lower than some other parts of Passaic County due mainly to Paterson’s standing west Manhattan metropolitan region .