Paterson (zip 07503), New Jersey 

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Population

18,418

-0.9% since 2020

Unemployment Rate

14.8%

Median Income

$38,801

Median Home Price

$366,000

Median Age

33.9

Comfort Index (Climate)

8.7 / 5.3

summer / winter

Best Places to Live in Paterson (zip 07503), New Jersey

National center - Southeast corner of New York State, at mouth of Hudson River. September, June and August are the most pleasant months in the 07503 zip code, while January and February are the least comfortable months.
Zip Codes: Paterson (zip 07503)
Cost of Living: 18.4% higher
Time zone: Eastern Standard Time (EST)
Elevation: 87 ft above sea level

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Paterson, NJ Housing Market
Least Expensive HomesHomes Over 2,000 Sq. Ft.
Median Home ValueHomes less than 10 yrs old
Most Expensive HomesAll Single Family Homes
Pros
Arts and culture
Economic center
Education
Cons
Cost of living and housing
Crowded lifestyle
Weak future job growth


What Bert Has To Say About New York-Newark-Jersey City Metro Area

New York is the largest metro area in the United States. It includes the island of Manhattan, an eight-county area immediately north, western Long Island, and Staten Island. It is the fourth largest in the world behind Tokyo, Mexico City, and Sao Paulo, Brazil. Regardless of how the area is defined, New York is among the richest and most complex places to live in America.


Highlights

ECONOMY
The unemployment rate in Paterson (zip 07503) is 14.8% (U.S. avg. is 6.0%). Recent job growth is Negative. Paterson (zip 07503) jobs have decreased by 0.5%. More Economy

COST OF LIVING
Compared to the rest of the country, Paterson (zip 07503)'s cost of living is 18.4% higher than the U.S. average. More Cost of Living or Compare Paterson (zip 07503)'s Cost of Living

WEATHER & CLIMATE
September, June and August are the most pleasant months in the 07503 zip code, while January and February are the least comfortable months. Today's Weather | Climate Averages

VOTING
In the last Presidential election, Passaic county remained very strongly Democratic, 57.5% to 41.0%. More Voting Stats

POPULATION
Paterson (zip 07503)'s population is 18,418 people. Since 2020, it has had a population decline of 0.9%. Learn More...

TRANSPORTATION
Average Commute time is 24.5 minutes. The National Average is 26.4 minutes. Learn More...

REAL ESTATE
The median home cost in Paterson (zip 07503) is Real Estate: $366,000. Home appreciation the last 10 years has been 20.5%.

SCHOOLS
Paterson (zip 07503) public schools spend $23,444 per student. The average school expenditure in the U.S. is $12,383. There are about 11.3 students per teacher in Paterson (zip 07503). More Education



Best Places to Live in Paterson Rankings


Housing Market in Paterson

It's a good time to buy in Paterson. Home Appreciation is up 14.2% in the last 12 months.
The median home price in Paterson is $366,000.
Real Estate: See Homes

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MAPS OF PATERSON (ZIP 07503), NEW JERSEY
Paterson,New Jersey County Map
ZIP CODES IN PATERSON (ZIP 07503), NEW JERSEY
Paterson (zip 07503)

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