Passaic, NJ

Above Avg · 111

New Jersey · Population 69,651 · Updated March 2026

$1,392
Median Rent / Month
$56,780
Median Income
$406,500
Median Home Value
$1,490
Owner Costs / Month

Affordability

How far your income goes in Passaic

29.4%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$16,704
Annual Rent
$6,104
State Income Tax
$9,065
Property Tax (est.)

Cost of Living Overview

Passaic is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 111 (where 100 equals the national median), Passaic residents can expect to pay median rent of $1,392/month while earning a median household income of $56,780/year.

The median home value in Passaic, NJ is $406,500, with typical monthly owner costs around $1,490 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.4%, Passaic falls within the generally affordable range, though it's approaching the 30% burden threshold.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Passaic.

Frequently Asked Questions

Common questions about living costs in Passaic

What is the cost of living in Passaic, NJ?
The cost of living index in Passaic, NJ is 111 (US average = 100). Median monthly rent is $1,392, median household income is $56,780/year, and the median home value is $406,500.
Is Passaic, NJ affordable?
No, Passaic is more expensive than the national average with a cost index of 111. The rent-to-income ratio is 29.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Passaic, NJ?
The median gross rent in Passaic, NJ is $1,392 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,704.
What is the median household income in Passaic?
The median household income in Passaic, NJ is $56,780 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.