Living in Paramus Borough, Bergen County, New Jersey, provides residents with a suburban lifestyle that combines accessibility to urban amenities, a strong educational system, and a vibrant community atmosphere. However, potential residents should weigh the benefits against challenges such as high property taxes and traffic congestion.
Pros and Cons of Living in Paramus Borough, NJ
Living in Paramus offers numerous advantages, including a robust selection of shopping venues, highlighted by the presence of Garden State Plaza, one of the largest shopping malls in the United States. The borough boasts low crime rates and is recognized for its excellent school system, with a graduation rate of around 95%. However, the downsides include higher property taxes compared to neighboring towns, which can be a significant burden for homeowners. Additionally, traffic can be heavy, especially on main roads near retail districts, making commutes challenging during peak hours.
Quality of Life and Cost of Living in Paramus
Paramus enjoys a high quality of life, characterized by a median household income of approximately $100,000. The cost of living in Paramus is about 30% higher than the national average, primarily influenced by housing prices and property taxes. Residents benefit from well-maintained parks, community events, and robust public services that enhance daily living. The borough’s amenities contribute to its reputation as a desirable place to reside, attracting families and professionals alike.
History of the Area: Paramus Borough
Established in 1922, Paramus has a rich historical background that dates back to the Lenape Native Americans, who originally inhabited the region. The area transitioned from agrarian roots to a significant retail destination, particularly with the opening of Garden State Plaza in 1957, which marked the beginning of Paramus’s evolution into a shopping hub. The development of major roadways in the latter half of the 20th century further spurred growth, cementing Paramus’s status in Bergen County.
Education and Employment Opportunities in Paramus
The Paramus school district is highly regarded, with graduation rates around 95%, reflecting the community’s commitment to education. Employment opportunities in the borough are diverse, with major sectors including retail, healthcare, and education. Notable employers encompass both local businesses and larger organizations, contributing to an unemployment rate of approximately 4%, which is lower than the New Jersey state average, indicating a stable job market.
Recreation and Attractions in Paramus
Residents of Paramus have access to over 400 acres of parks and recreational facilities, promoting an active lifestyle and community engagement. Key attractions include Paramus Park Mall and the Bergen County Zoological Park, which offers family-friendly activities. The borough hosts a variety of community events, sports leagues, and cultural festivals throughout the year, fostering a close-knit community spirit and providing leisure opportunities for all ages.
Real Estate and Transportation in Paramus
The real estate market in Paramus is competitive, with median home prices hovering around $550,000. This reflects the borough’s appealing amenities and strong school system. For transportation, residents benefit from various public transit options, including NJ Transit buses. The proximity to the Garden State Parkway facilitates easy access to New York City and other parts of Bergen County, making commuting convenient for professionals who work in nearby urban centers.
In conclusion, Paramus Borough, NJ, stands out as an attractive place to live due to its blend of suburban charm, educational excellence, and recreational offerings. While it presents certain challenges, such as higher living costs and traffic concerns, the overall quality of life and community engagement make it a compelling choice for families and individuals seeking a balanced lifestyle.