Basking Ridge vs Paterson
| Basking Ridge | Paterson | |
|---|---|---|
| Population | 7,905 | 157,864 |
| Median Household Income | $188,295 | $55,997 |
| Median Home Value | $851,200 | $360,100 |
| Median Gross Rent | $546/mo | $1,548/mo |
| Homeownership Rate | 83.9% | 26.9% |
| Unemployment Rate | 7.5% | 10.7% |
| Bachelor's Degree or Higher | 74.3% | 11.8% |
| Median Age | 46.7 | 33.3 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.