2025 Compare Cities Economy:
Paramus, NJ vs Morristown, NJ

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Highlights
- Household income in Morristown, is 14% less than it is in Paramus and is 39% above the National Average.
- Paramus unemployment rate is 6.9%.
- Morristown unemployment rate is 6.2%.
 Paramus, NJMorristown, NJUnited States
 Unemployment Rate  Unlock6.2%6.0%
 Recent Job Growth  Unlock-0.7%1.6%
 Future Job Growth24.5%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$51,858  Unlock$37,638
 Household Income  Unlock$112,570$69,021
 Family Median Income$144,092  Unlock$85,028
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 Est. Households By Income
 Paramus, NJMorristown, NJUnited States
 Income Less Than 15K  Unlock8.4%9.4%
 Income between 15K and 20K3.0%  Unlock3.8%
 Income between 20K and 30K  Unlock2.6%8.1%
 Income between 30K and 40K4.2%  Unlock8.0%
 Income between 40K and 50K  Unlock2.2%7.6%
 Income between 50K and 60K3.3%  Unlock7.2%
 Income between 60K and 75K  Unlock6.5%9.6%
 Income between 75K and 100K10.0%  Unlock12.8%
 Income between 100K and 150K  Unlock17.3%16.3%
 Income between 150K and 200K16.0%  Unlock7.8%
 Income greater than 200K  Unlock21.3%9.5%
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 Population By Occupation
 Paramus, NJMorristown, NJUnited States
 Management, business, finance23.5%  Unlock16.4%
 Engineering, computers, science  Unlock9.4%6.5%
 Community, social services1.4%  Unlock1.8%
 Legal  Unlock1.2%1.2%
 Education, library7.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.2%2.0%
 Healthcare practitioners and technology8.3%  Unlock6.2%
 Healthcare support  Unlock2.5%3.3%
 Firefighters, law enforcement1.9%  Unlock2.1%
 Food preparation, serving  Unlock3.7%5.4%
 Building maintenance1.2%  Unlock3.6%
 Personal care  Unlock1.4%2.6%
 Sales, office, administrative support25.3%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair6.5%  Unlock8.1%
 Production, transportation, material moving  Unlock7.5%13.1%
Reviews for Paramus    2 Reviews

Over 16 years ago

My siblings and I are products of the Paramus Public School system and I am an attorney, my sister is a doctor and my brother is finishing his MBA. Many of my high  More

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Over 18 years ago

I have lived here most of my life and it is a fabulous place to live. Community oriented - great schools and great  More

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Reviews for Morristown    3 Reviews

Over 11 years ago

Morristown has great stores and restaurants. We love the easy access to NYC (50 minute train ride). Cost of living is pretty high (due to taxes) and the weather can be  More

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Hello all, I am new here was asked to comment on my area of the planet where I have lived for the last 12 years. Morristown is the county seat of Morris County. The  More

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Over 17 years ago

Morristown has a great variety of opportunities in many ways. A close 50 minute commute to Manhattan, it is very metropolitan while also has the best of suburban and  More

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