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Demographics
Population
Median Income
Racial Distributions
Paramus, New Jersey, is categorized as a "Moderate Diversity" community with a White plurality. As of 2022, the white population is 56%, with Asian (24%) and Hispanic (14%) populations. The median income is $124,578. Paramus has a population of 26,582 in 2022 and an area of 10.51 square miles.
Over the past decade, Paramus has transitioned from a "White Majority" community to one of "Moderate Diversity." In 2013, the white population was 66% of the total, while by 2022, it decreased to 56%. The Asian population increased slightly from 23% in 2013 to 24% in 2022. The Hispanic population grew from 7% in 2013 to 14% in 2022.
Paramus has experienced economic growth alongside its demographic shifts. The median income has risen from $119,532 in 2013 to $124,578 in 2022, an increase of about 4.2%. The population has remained relatively stable, growing from 26,454 in 2013 to 26,582 in 2022.
The demographic shifts observed in Paramus align with broader trends seen in many suburban communities near major metropolitan areas. The increase in diversity, particularly the growth of Asian and Hispanic populations, reflects national trends of increasing suburban diversity. The high median income and its steady growth also mirror patterns seen in affluent suburbs across the United States, particularly those near large cities like New York.
Based on the observed trends, it is likely that Paramus will continue its trajectory towards greater diversity. If current trends persist, Paramus may transition from "Moderate Diversity" to "High Diversity" within the next decade. The white population may drop below 50%, while the Asian and Hispanic populations continue to grow.
Economically, the trend suggests continued prosperity, with median incomes likely to keep rising. This economic strength, coupled with increasing diversity, may further enhance Paramus's appeal to a wide range of affluent and professional families from various ethnic backgrounds.
Paramus exemplifies a thriving, increasingly diverse suburban community that has maintained economic growth while undergoing significant demographic changes. Its evolution from a predominantly white community to one of moderate and potentially high diversity reflects broader national trends and positions Paramus as an attractive location for a multicultural, affluent population in the coming years.