Passaic, NJ Cost Of Living
Cost Of Living In Passaic, NJ Summary
Cost of living in Passaic research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Passaic is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Passaic is 126, with 100 being the average.
The cost of living index in Passaic is 1.3x higher than the national average.
Passaic ranks as the #116 cheapest in New Jersey out of 260.
Passaic ranks as the #4,776 cheapest out of 6,489 in the US.
The median home value in Passaic is $566,739.
The median income in Passaic is $56,780.
Table Of Contents
Passaic's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Passaic, NJ?
According to the most recent data on the cost of living, Passaic has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Passaic has a cost of living index that's 1.0x higher than New Jersey's index of 122.
The standard of living in Passaic ranks as #116 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Passaic ranks as the #144 most expensive place in the Garden State.
For more reading on life in Passaic, check out:
In New Jersey
In America
Passaic Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Passaic. Here is how it fairs on each of the criteria:
The Services index in Passaic is 109.
The Groceries index in Passaic is 102.
The Health index in Passaic is 97.
The Housing index in Passaic is 170.
The Transportation index in Passaic is 109.
The Utilities index in Passaic is 112.
| Living Expense | Passaic | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 126 | 122 | 100 | |
| Services | 109 | 108 | 100 | |
| Groceries | 102 | 104 | 100 | |
| Health | 97 | 99 | 100 | |
| Housing | 170 | 159 | 100 | |
| Transportation | 109 | 101 | 100 | |
| Utilities | 112 | 107 | 100 | |
Passaic, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Passaic is $566,739.
The Median Rent in Passaic is $1,392.
The Median Income in Passaic is $56,780.
The Home Value To Income in Passaic is 10.0x.
The Rent To Monthly Income in Passaic is 0.29x.
| Statistic | Passaic | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $566,739 | $564,432 | $303,400 |
| Median Rent | $1,392 | $1,653 | $1,348 |
| Median Income | $56,780 | $101,050 | $78,538 |
| Home Value To Income | 10.0x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.29x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Passaic, NJ Costs By Category
Detailed Passaic Services Costs Vs. New Jersey
| Item | Passaic | New Jersey |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $15.78 | $12.13 |
| Bowling | $21.0 | $18 |
| Haircut | $25.62 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
Detailed Passaic Groceries Costs Vs. New Jersey
| Item | Passaic | New Jersey |
|---|---|---|
| Ground Beef | $5.65 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.33 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Passaic Health Costs Vs. New Jersey
| Item | Passaic | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Passaic Transportation Costs Vs. New Jersey
| Item | Passaic | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Passaic Utilities Costs Vs. New Jersey
| Item | Passaic | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Passaic SnackAbility
/10
Cost Of Living In Cities Around Passaic
The cost of living varies in the cities and towns around Passaic. Here's a quick look at the cost of living in the most populous nearby places:
Clifton, NJ has a cost of living index of 127, 1.0x Passaic.
Garfield, NJ has a cost of living index of 130, 1.0x Passaic.
Lodi, NJ has a cost of living index of 132, 1.0x Passaic.
| City | Population | Cost Of Living | Vs. Passaic |
|---|---|---|---|
| Clifton, NJ | 89,247 | 127 | 1.0x |
| Garfield, NJ | 32,502 | 130 | 1.0x |
| Lodi, NJ | 25,946 | 132 | 1.0x |
| Elmwood Park, NJ | 21,287 | 135 | 1.1x |
| Eastchester, NY | 20,519 | 167 | 1.3x |
| Rutherford, NJ | 18,748 | 144 | 1.1x |
| Hasbrouck Heights, NJ | 12,067 | 138 | 1.1x |
| Wallington, NJ | 11,825 | 133 | 1.1x |
| Dobbs Ferry, NY | 11,397 | 173 | 1.4x |
| Wood-Ridge, NJ | 10,094 | 140 | 1.1x |
