Paterson, NJ Cost Of Living
Paterson's Overall Cost Of Living
Higher Than The National Average
In New Jersey
In America
What is the cost of living in Paterson, NJ?
According to the most recent data on the cost of living, Paterson has an overall cost of living index of 116 which is 1.2x higher than the national index of 100.
Compared to only New Jersey, Paterson has a cost of living index that's 1.0x lower than New Jersey's index of 121.
The standard of living in Paterson ranks as #4,560 most affordable out of the 6,418 places we measured in New Jersey. By definition, that implies Paterson ranks as the #1,858 most expensive place in the Garden State.
Paterson Cost Of Living Vs. New Jersey
| Living Expense | Paterson | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 116 | 121 | 100 | |
| Services | 113 | 107 | 100 | |
| Groceries | 108 | 107 | 100 | |
| Health | 99 | 100 | 100 | |
| Housing | 125 | 160 | 100 | |
| Transportation | 109 | 106 | 100 | |
| Utilities | 104 | 98 | 100 | |
Paterson, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | Paterson | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $257,700 | $343,500 | $229,800 |
| Median Rent | $1,213 | $1,368 | $1,096 |
| Median Income | $45,141 | $85,245 | $64,994 |
| Home Value To Income | 5.7x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.32x | 0.19x | 0.2x |
Detailed Paterson Services Costs Vs. New Jersey
| Item | Paterson | New Jersey |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $12.49 | $10.68 |
| Bowling | $18.0 | $14.67 |
Detailed Paterson Groceries Costs Vs. New Jersey
| Item | Paterson | New Jersey |
|---|---|---|
| Ground Beef | $4.09 | $4.22 |
| Fried Chicken | $1.79 | $1.39 |
| Milk | $2.44 | $2.05 |
Detailed Paterson Health Costs Vs. New Jersey
| Item | Paterson | New Jersey |
|---|---|---|
| Haircut | $20.93 | $18.62 |
| Beauty Salon | $36.53 | $39.05 |
| Toothpaste | $2.22 | $2.34 |
Detailed Paterson Transportation Costs Vs. New Jersey
| Item | Paterson | New Jersey |
|---|---|---|
| Potatoes | $3.25 | $3.29 |
| Pizza | $11.36 | $10.62 |
| Beer | $9.32 | $9.38 |
| Optometrist | $106.0 | $108.57 |
| Doctor | $91.0 | $116.17 |
| Dentist | $102.33 | $99.13 |
Detailed Paterson Utilities Costs Vs. New Jersey
| Item | Paterson | New Jersey |
|---|---|---|
| Gasoline | $2.37 | $2.22 |
| Tire Balancing | $54.12 | $50.07 |
| All Electricity | $178.53 | $167.67 |
| Phone | $179.87 | $175.64 |
Paterson SnackAbility
/10
Cost Of Living In Cities Around Paterson
| City | Population | Cost Of Living | Vs. Paterson |
|---|---|---|---|
| Clifton, NJ | 85,201 | 128 | 1.1x |
| Fair Lawn, NJ | 32,986 | 137 | 1.2x |
| Elmwood Park, NJ | 20,019 | 129 | 1.1x |
| Eastchester, NY | 19,911 | 163 | 1.4x |
| Hawthorne, NJ | 18,762 | 130 | 1.1x |
| Woodland Park, NJ | 12,608 | 133 | 1.1x |
| Glen Rock, NJ | 11,747 | 163 | 1.4x |
| Dobbs Ferry, NY | 10,959 | 169 | 1.5x |
| Totowa, NJ | 10,810 | 131 | 1.1x |
| North Haledon, NJ | 8,425 | 140 | 1.2x |
