Paterson vs Newark
| Paterson | Newark | |
|---|---|---|
| Population | 157,864 | 307,355 |
| Median Household Income | $55,997 | $52,060 |
| Median Home Value | $360,100 | $373,700 |
| Median Gross Rent | $1,548/mo | $1,392/mo |
| Homeownership Rate | 26.9% | 24.4% |
| Unemployment Rate | 10.7% | 11.6% |
| Bachelor's Degree or Higher | 11.8% | 19.7% |
| Median Age | 33.3 | 34.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.