07503 ZIP Code – Paterson, New Jersey

Located in Paterson, New Jersey, ZIP code 07503 is a mid-sized ZIP code within Passaic County with a population of approximately 19,625 residents. At $60,431, the median household income here runs well below the New Jersey average and below the U.S. average. Homes in this ZIP code have a median value of $313,500, above the national average, with 26.8% owner-occupied housing (decreasing). , and the median rent of $1,525 is above the national average. Housing consists of 20% single-family (decreasing), 24% apartments (increasing), 56% duplex/multi-family.

Unemployment stands at 7.5%, which is above the U.S. rate. The poverty rate of 20.9% is well above the U.S. average. 14.8% of adults hold a bachelor's degree or higher, well below the U.S. average. The population has a median age of 33.4, below the national median. Neighboring ZIP codes include 07513, 07504, 07011.

ZIP Code 07503 Data

Population 19,625
Median Household Income $60,431
Median Home Value $313,500
Median Rent $1,525
Median Age 33.4
Unemployment Rate 7.5%
Poverty Rate 20.9%
Bachelor's Degree or Higher 14.8%
State New Jersey

ZIP 07503 vs. New Jersey vs. U.S.

MetricZIP 07503NJ Avg.U.S. Avg.
Population19k15k10k
Median Household Income$60k$113k$73k
Median Home Value$313k$459k$258k
Median Rent$1,525$1,724$1,088
Median Age33.443.143.2
Unemployment Rate7.5%5.8%5.0%
Poverty Rate20.9%8.1%13.3%
Bachelor's Degree or Higher14.8%44.1%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
07513 PATERSON 11,069 $71,023
07504 PATERSON 13,781 $64,810
07011 CLIFTON 40,042 $71,489
07501 PATERSON 35,492 $38,776
07505 PATERSON 4,592 $23,780