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

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Highlights
- Household income in Newark, is 68% less than it is in Paramus and is 67% below the National Average.
- Paramus unemployment rate is 6.9%.
- Newark unemployment rate is 13.0%.
 Paramus, NJNewark, NJUnited States
 Unemployment Rate  Unlock13.0%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$41,335$69,021
 Family Median Income$144,092  Unlock$85,028
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 Est. Households By Income
 Paramus, NJNewark, NJUnited States
 Income Less Than 15K  Unlock21.2%9.4%
 Income between 15K and 20K3.0%  Unlock3.8%
 Income between 20K and 30K  Unlock12.0%8.1%
 Income between 30K and 40K4.2%  Unlock8.0%
 Income between 40K and 50K  Unlock8.8%7.6%
 Income between 50K and 60K3.3%  Unlock7.2%
 Income between 60K and 75K  Unlock9.1%9.6%
 Income between 75K and 100K10.0%  Unlock12.8%
 Income between 100K and 150K  Unlock9.6%16.3%
 Income between 150K and 200K16.0%  Unlock7.8%
 Income greater than 200K  Unlock2.7%9.5%
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 Population By Occupation
 Paramus, NJNewark, NJUnited States
 Management, business, finance23.5%  Unlock16.4%
 Engineering, computers, science  Unlock2.8%6.5%
 Community, social services1.4%  Unlock1.8%
 Legal  Unlock0.5%1.2%
 Education, library7.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.2%2.0%
 Healthcare practitioners and technology8.3%  Unlock6.2%
 Healthcare support  Unlock6.0%3.3%
 Firefighters, law enforcement1.9%  Unlock2.1%
 Food preparation, serving  Unlock5.1%5.4%
 Building maintenance1.2%  Unlock3.6%
 Personal care  Unlock2.9%2.6%
 Sales, office, administrative support25.3%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair6.5%  Unlock8.1%
 Production, transportation, material moving  Unlock19.2%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 Newark    26 Reviews

Over 4 years ago

Newark is straight garbage.  More

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Newark's Ironbound is extremely dangerous, there is a lot of crime, the police are just good at hiding it. It usually doesn't happen on Ferry St., but does 1/2 block  More

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Over 12 years ago

I have worked and lived in Newark for 20 years. I raised 3 children. Two of my children went on to college, graudated with Accountant Degree and the other one in  More

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