Paramus, New Jersey A Shop-Till-You-Drop Sort of Town

Named a “New Jersey Healthy Town” under the state’s Mayor’s Wellness Campaign in 2013, Paramus—a city in Bergen County—rests less than 10 miles from Upper Manhattan. With a modest population of just over 25,000 residents, the city is an ideal suburb for residents looking for short commute distances and safe communities for families. In fact, New Jersey Monthly magazine ranked Paramus as 21st in its 2013 rankings of the best places to live in New Jersey.

Despite its close proximity, Paramus allegedly offers only one absolutely clear view of the New York City skyline, which is located on Farview Ave., the highest peak within the city limits.

A Retail Mecca

As many locals know, Paramus, which is home to about 27,000 people, is one of the largest shopping destinations in the United States, generating over $5 billion in annual retail sales, often more than any other zip code in the country. It has five major indoor shopping centers serving local residents in Bergen and Passaic County in New Jersey and Rockland County in New York.

Why does Paramus generate such intense shopping interest when New York City, located just 20 minutes away, offers tremendous retail opportunity and has a far greater tourist and luxury demographic…because of Uncle Sam, of course.

New Jersey does not have a sales tax on clothing and shoes. This makes Paramus an attractive shopping destination for people visiting and living in New York City, who must pay sales tax on clothing items above $110 in price; additionally, the lower standard tax rate of 7 percent in New Jersey feels a lot better on the wallet than 8.875 percent does in New York City.


Related Articles

Reopening Your Community

Tips and Advice from IREM

Redevelopment Without Displacement

Newark Looks to Revitalize From Roots Up

Compassionate Care Committees

How One New England Association is Stepping Up to Support Residents