Cost of Living: Yonkers, NY vs Paterson, NJ (2026)

Yonkers

New York
133
VS

Paterson

New Jersey
106

Yonkers is 25% more expensive than Paterson.

$1,730/mo ↑ 19%
Median Rent
$1,457/mo ↓ 16%
$81,816/yr ↑ 52%
Median Income
$53,766/yr ↓ 34%
$478,000 ↑ 43%
Home Value
$335,400 ↓ 30%
$1,759/mo ↑ 13%
Owner Costs
$1,553/mo ↓ 12%
209,529
Population
157,660

Tax Comparison

10.9%
Income Tax
10.75%
4.0%
State Sales Tax
6.625%
1.62%
Property Tax
2.23%

Affordability

25.4%
rent-to-income
Affordability
32.5%
rent-to-income

Detailed Comparison

When comparing Yonkers, NY and Paterson, NJ, the overall cost of living indices are 133 and 106 respectively (national median = 100). Rent is $273/month cheaper in Paterson, saving renters about $3,276/year.

Median household income is $28,050/year higher in Yonkers. Home values also differ significantly — the median in Yonkers is $478,000 compared to $335,400 in Paterson.

New Jersey has a lower income tax rate, making Paterson slightly more tax-friendly.

Frequently Asked Questions

Yonkers vs Paterson — common questions

Is Yonkers or Paterson cheaper to live in?
Based on our cost index, Paterson is cheaper to live in with an index of 106 compared to 133 (US average = 100).
What is the rent difference between Yonkers and Paterson?
Median rent in Yonkers is $1,730/month and in Paterson it's $1,457/month — a difference of $273/month.
Which city has higher income, Yonkers or Paterson?
Median household income is $81,816 in Yonkers and $53,766 in Paterson. Median household income is $28,050/year higher in Yonkers.
How do taxes compare between New York and New Jersey?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Yonkers or Paterson?
It depends on your priorities. Yonkers has a cost index of 133 with median rent of $1,730/mo, while Paterson has a cost index of 106 with rent of $1,457/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Yonkers details → View Paterson details →

More Comparisons

Other cost of living comparisons for Yonkers and Paterson

Yonkers vs. Fayetteville Yonkers vs. Cape Coral Yonkers vs. Rochester Yonkers vs. Worcester Yonkers vs. Frisco Yonkers vs. Columbus Paterson vs. Corona Paterson vs. Murfreesboro Paterson vs. Hayward Paterson vs. Alexandria Paterson vs. Salinas Paterson vs. Macon