Moving to Paterson: Pros, Cons & What to Know

Moving to Paterson means moving to New Jersey's third-largest city and the genuine birthplace of the American Industrial Revolution, with a real, elevated crime rate to budget for honestly alongside its historic identity.

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A genuinely singular industrial-heritage identity

Paterson Great Falls National Historical Park -- anchored by Alexander Hamilton's 1791 Society for Establishing Useful Manufactures -- makes Paterson a real, nationally significant historic site worth exploring before committing to a specific neighborhood.

Budget for the real, elevated tax and crime picture

Paterson's effective property-tax rate runs meaningfully above New Jersey's already high statewide average (2.91%-4.90% depending on source), and its crime rate runs genuinely elevated versus national and state benchmarks -- build both into a relocation decision.

A real, diversified economy

Healthcare, manufacturing, and retail trade anchor Paterson's real, diversified employment base, with the city serving as a genuine regional healthcare hub for Passaic County.

Key takeaways

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Read the full Paterson overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.