Paterson has a population of 157,864 with a median age of 33.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 157,864 |
| Median Age | 33.1 |
| White | 18.1% |
| Black or African American | 24.4% |
| Asian | 4.7% |
| Hispanic or Latino | 63.1% |
The median household income in Paterson is $52,092, which is 30.7% below the national median of $75,149. The per capita income is $23,035. The poverty rate is 23.7%.
The unemployment rate in Paterson is 10.5%, compared to the national rate of 5.4%.
In Paterson, 76.6% of residents age 25+ have a high school diploma or higher, and 12.6% hold a bachelor's degree or higher (2.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 76.6% |
| Bachelor's Degree or Higher | 12.6% |
| Graduate or Professional Degree | 2.6% |
The median home value in Paterson is $314,100, above the national median of $281,900. The median monthly rent is $1,392. The homeownership rate is 26.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $314,100 |
| Median Monthly Rent | $1,392 |
| Homeownership Rate | 26.3% |
| Vacancy Rate | 5.6% |
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