Cost of Living in Passaic, NJ
Population: 69,651 • 2026 Data
$56,780
Median Household Income
-27% vs national
$1,392
Median Monthly Rent
+3% vs national
$406,500
Median Home Value
+20% vs national
11.3%
Unemployment Rate
Housing in Passaic
The median home value in Passaic, NJ is $406,500. Monthly rent for a typical unit averages $1,392, while total monthly housing costs (including utilities and insurance) average $1,490.
Rent-to-income ratio: 29.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Passaic, NJ is $56,780. The unemployment rate stands at 11.3%, with a labor force of 33,791 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.