Quick facts: Paterson, NJ

112.4
Cost of Living
above US average
156,661
Population
22.93
Crime Rate per 1000
below US average
$52,092
Median Income
below US average
$450,000
Median House Price
above US average
$2100
Average Rent
above US average
18%
Poverty Rate
above US average
8.8%
Unemployment Rate
above US average

Overview for Paterson, NJ

Paterson, New Jersey, located in Passaic County, is known for its rich industrial history and diverse culture. Established in 1792, it was initially founded as a planned industrial city by the famous inventor Alexander Hamilton and has since played a significant role in America's manufacturing sector, especially in textiles and silk. The city is characterized by its impressive architectural heritage, including the Great Falls of the Passaic River, a natural wonder that attracted early industrialists and enhances the city’s beauty. Paterson is home to several parks and recreational facilities, making it a great place for outdoor activities. Culturally, Paterson is one of the most diverse cities in New Jersey, with a vibrant community reflecting many ethnic backgrounds. This diversity is celebrated through various festivals, cuisine, and local businesses, contributing to a rich cultural tapestry. The city also has a number of educational institutions and is well-connected via public transportation, including buses and Paterson station for NJ Transit, facilitating access to New York City and beyond. Paterson embodies a mix of historical significance and modern urban life, making it a compelling place to live and visit.