Mid-Size City159,732 people

Paterson, NJ

Discover how far your salary goes in Paterson. Compare taxes, rent, and living costs.

Cost Index
175
💰 Expensive
Population

159,732

State Tax

10.8%

1BR Rent

$2,205

/month

vs National

+57%

above avg

How far would your salary go in Paterson?

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Rent Prices in Paterson

🏠

Studio

$1,764

/month

$21,168/year

Most Common
🛏️

1 Bedroom

$2,205

/month

$26,460/year

🏡

2 Bedroom

$2,977

/month

$35,724/year

🏘️

3 Bedroom

$3,859

/month

$46,308/year

Taxes in New Jersey

State Income Tax

New Jersey

10.8%

For a $100k salary, that's ~$10,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Paterson, NJ?

Paterson has a cost of living index of 175, which is 75% above the national average. A 1-bedroom apartment costs around $2,205/month.

What is the state income tax in New Jersey?

New Jersey has a state income tax rate of approximately 10.8%. This is in addition to federal income tax.

How much is rent in Paterson?

The median rent for a 1-bedroom apartment in Paterson is $2,205/month. For a 2-bedroom, expect to pay around $2,977/month. This is 57% above the national average.

Is Paterson a good place to live?

Paterson is a mid-size city with a population of 159,732. The cost of living is expensive, making it more expensive than average for the US.

See the complete picture for Paterson

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