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New Jersey does not levy a sales tax on clothes and shoes, which makes it an attractive shopping destination for people even further away in New York City, who pay sales tax on clothing items above 0 in price, in addition to the lower standard rate of 7% in New Jersey, compared to 8.875% in New York City.

At the intersection of Routes 4 and 17 is Westfield Garden State Plaza, the largest and best-known mall in the borough.

The racial makeup of the borough was 72.29% (19,042) White, 1.42% (374) Black or African American, 0.11% (28) Native American, 22.28% (5,869) Asian, 0.05% (13) Pacific Islander, 1.39% (366) from other races, and 2.47% (650) from two or more races.

Hispanic or Latino of any race were 7.26% (1,913) of the population.

Although the opening of the George Washington Bridge in 1931 and the widening of New Jersey Route 17 and New Jersey Route 4 (which intersect in southern Paramus), made the area accessible to millions, "it was not until the 1950's that massive development hit this section of northern New Jersey".

During the 1950s and 1960s, Paramus, lacking any master plan until 1969, was redeveloped into two shopping corridors when its farmers and outside developers saw that shopping malls were more lucrative than produce farming.

Westfield Garden State Plaza is the largest mall in the Westfield Group's global portfolio and the largest in New Jersey, with a gross leasable area of 2,128,402 square feet (200,000 m On Route 4, are The Outlets at Bergen Town Center (known as the Bergen Mall until 2006), Paramus Place and The Shoppes on IV.

On Route 17, are Paramus Park, Paramus Towne Square, Paramus Design Center, and the Fashion Center.

There were 8,082 households out of which 37.0% had children under the age of 18 living with them, 73.3% were married couples living together, 8.0% had a female householder with no husband present, and 16.1% were non-families.

At the time of European encounter, it was settled by the historic Lenape people.

The Lenape language word for the area, Peremessing, which meant that it had an abundant population of wild turkey, was anglicized to become the word "Paramus". He settled in the Dutch West Indies Company town of Ackensack, today's Hackensack.

The average household size was 2.92 and the average family size was 3.32. For every 100 females ages 18 and older there were 91.7 males.

In the borough, the population was spread out with 21.5% under the age of 18, 7.1% from 18 to 24, 19.2% from 25 to 44, 30.2% from 45 to 64, and 21.9% who were 65 years of age or older. The Census Bureau's 2006–2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income was 4,986 (with a margin of error of /- ,111) and the median family income was 3,848 ( /- ,952).

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