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The total population of Paramus is estimated to be 26,582 with 13,262 males (49.89%) and 13,320 females (50.11%). There are 58 more females than males in Paramus.
The median household income in Paramus was $141,001 in 2021, which marked an a decrease of 6,617(4.48%) from $147,618 in 2020. This income is 188.99% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Paramus sees its highest median household income among householders in the age group of 25 to 44 years old, at $177,697. Overall, the median household income for the borough of Paramus stands at $141,001.
In Paramus, the median income for all workers aged 15 years and older, regardless of work hours, was $61,534 for males and $40,240 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $98,755 for males and $82,881 for females.
In Paramus, the demographic landscape is diverse, spanning 6 distinct racial categories among households. Among these, Some Other Race households have the highest median household income at $218,614, while Two or More Races households represent the opposite end with the lowest median household income of $88,420.
In 2022, the population of Paramus was 26,359, a 0.41% decrease year-by-year from 2021. Previously, in 2021, Paramus's population was 26,467, a decline of 0.49% compared to a population of 26,597 in 2020.
The median age in Paramus, NJ is 50.0, as per 2021 ACS 5-Year Estimates. Of the total population, 14.41% were under the age of 15, 16.90% aged 15 to 29, 43.35% aged 30 to 64, 20.09% aged 65 to 84, and 5.25% were 85 years of age and older.
Racial distribution of Paramus population: 64.20% are White, 3.28% are Black or African American, 0.56% are American Indian and Alaska Native, 24.93% are Asian, 1.34% are some other race and 5.68% are multiracial.