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Paterson city, NJ
ZIP 07505 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Low Income AreaLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Paterson city, NJ (07505)
Median Income
$33,311
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+297
Wealth inflow
Population
4,617
Unemployment
24.9%
21.2pp above US avg
IRS migration statistics show a net inflow of about 297 for ZIP 07505 (Paterson city, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 07505 (2020–Present)
Since 2020, population grew 39.8%, median income rose 68.2% (inflation-adjusted), home values decreased NaN%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $33,311 |
| Unemployment | 24.9% |
| Establishments | 334 |
| Employees | 2,787 |