Is Paterson, NJ cheaper than Yonkers, NY?

Based on cost of living data, Paterson, NJ is 13.6% cheaper than Yonkers, NY. This translates to saving $1020 per month.

What salary do I need in Paterson, NJ to live like I do in Yonkers, NY?

If you earn $150,000 in Yonkers, NY, you'd need approximately $137,760 in Paterson, NJ to maintain the same standard of living.

How does housing cost compare between Yonkers, NY and Paterson, NJ?

Housing in Paterson, NJ is 39.2% cheaper than in Yonkers, NY. For a two-bedroom apartment, rent is $1,980/month in Paterson, NJ compared to $2,860/month in Yonkers, NY.

How much can I save per month by moving from Yonkers, NY to Paterson, NJ?

Moving from Yonkers, NY to Paterson, NJ could save you approximately $1020 per month, or $12240 per year, based on a $150,000 salary.

Yonkers, NY vs Paterson, NJ: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Yonkers, NY

Numbers update automatically as you type

You'd save $1.0K/month moving to Paterson, NJ

$150.0K in your current city equals $137.8K in Paterson, NJ

Rent data from HUD ZIP-level estimates · COL index from New York-Newark-Jersey City, NY-NJ-PA area

Overall Cost

↓ 13.6%

Less expensive

Monthly Impact

$1,020

Savings

Annual Impact

$12.2K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Yonkers, NY

Population:208K

Cost Index:

100

100 = national average

Median Home:$648K

Paterson, NJ

Population:156K

Cost Index:

(14% below avg)

Median Home:$532K

Yonkers, NY

The Empire State

208K

Population

State Tax

Yes

Located in New York, this city has a population of 208K residents.

Paterson, NJ

The Garden State

156K

Population

State Tax

Yes

Located in New Jersey, this city has a population of 156K residents.

Cost Breakdown by Category

Annual spending: Yonkers, NY vs Paterson, NJ

Category	Yonkers, NY	Paterson, NJ	Difference	Change
Housing	$3,716/mo	$2,261/mo	↓ $1,455less	39.2%
Groceries	$1,099/mo	$1,099/mo	→ $0	0.0%
Transportation	$1,598/mo	$1,598/mo	→ $0	0.0%
All Utilities	$596/mo	$596/mo	→ $0	0.0%
Healthcare	$688/mo	$688/mo	→ $0	0.0%
Other	$2,026/mo	$2,026/mo	→ $0	0.0%

Housing

↓ 39.2%

Yonkers, NY

$3,716

Paterson, NJ

$2,261

Difference

$1,455

less

Groceries

→ 0.0%

Yonkers, NY

$1,099

Paterson, NJ

$1,099

Difference

same

Transportation

→ 0.0%

Yonkers, NY

$1,598

Paterson, NJ

$1,598

Difference

same

All Utilities

→ 0.0%

Yonkers, NY

$596

Paterson, NJ

$596

Difference

same

Healthcare

→ 0.0%

Yonkers, NY

$688

Paterson, NJ

$688

Difference

same

Other

→ 0.0%

Yonkers, NY

$2,026

Paterson, NJ

$2,026

Difference

same

🏛️ Local Income Taxes

Yonkers, NY: Yonkers Surcharge (16.75% of state tax)$2,939/yr (2.0%)

Paterson, NJ has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$2,490

To$1,510

↓ $980

1 Bed

From$2,610

To$1,720

↓ $890

2 Bed

From$2,860

To$1,980

↓ $880

3 Bed

From$3,580

To$2,420

↓ $1,160

Yonkers, NYZIP-level data

1BR range: $2,400–$2,710/mo

Paterson, NJZIP-level data

1BR range: $1,410–$1,860/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$9,722

Monthly in Yonkers, NY

$8,267

Monthly in Paterson, NJ

$1,455

Difference

Home Values

Yonkers

Paterson

$648K

Median Value

$532K

↑ +4.6%

YoY Change

↑ +3.7%

↑ +30.3%

5-Year Change

↑ +44.5%

$598K - $729K

Price Range

$469K - $567K

Homes in Paterson are 18% less expensive than Yonkers

Calculate payment - Yonkers Calculate payment - Paterson

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $2.1K

Per year

Monthly Difference

$176

More take-home

Effective Rate Diff

1.4%

Rate difference

Yonkers, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

Paterson, NJ

Federal Income Tax

Effective: 18.9%

$25.5K

New Jersey State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,796/month

$105.6K

Additional Tax Information

Yonkers, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

Paterson, NJ Tax Rates

Sales Tax:6.6%

Property Tax:2.5%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.