Paterson, a city located in the state of New Jersey (NJ), is home to a population of approximately 157,864 people. Paterson boasts a median age of 33.1, with around 16.6% of its residents aged 60 or above. 1.4% of the population identifies as US Veterans. 8.1% of Paterson residents are disabled. The city has an average household income of $52,092, while the unemployment rate stands at 10.5%, and around 23.7% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Paterson is $313,542, with a monthly rent averaging $1,392.