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Cost of Living in Passaic County, NJ

Population 521,012 · Census ACS 2020–2024 5-year estimates

Median rent$1,621
Median home value$459,500
Median household income$87,522

The median rent in Passaic County, NJ is $1,621/month, 6% lower than the New Jersey median and 15% higher than the U.S. median. The median home value is $459,500, 38% higher than the national median. Households earn a median of $87,522 a year, 15% lower than the state median.

Affordability

Rent as a share of median income: 22.2%
Income needed for median rent (30% rule): $64,840/yr
Home price-to-income ratio: 5.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,323/mo

Run your own numbers: mortgage calculator · hourly to salary

Passaic County vs. New Jersey vs. U.S.

Passaic CountyNew JerseyU.S.
Median rent$1,621$1,720$1,413
Median home value$459,500$454,400$332,700
Median household income$87,522$103,556$80,734
Homeownership rate53.1%63.8%65.2%
Bachelor's degree or higher30.9%43.6%35.7%
Poverty rate13.0%9.7%12.5%
Unemployment rate8.0%6.3%5.2%
Work from home11.5%16.8%15.1%
Median age38.140.138.9

FAQ

What is the average rent in Passaic County, NJ?

The median gross rent in Passaic County, NJ is $1,621 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Passaic County, NJ?

Using the common 30% rule, renting a median-priced home takes about $64,840 a year in gross income.

Is Passaic County, NJ expensive to live in?

Rent there is 15% higher than the U.S. median, and the median home costs about 5.3 times the median household income.

Other counties in New Jersey

Bergen County, NJRent $1,914 · Income $124,884Middlesex County, NJRent $1,871 · Income $111,549Essex County, NJRent $1,531 · Income $80,789Hudson County, NJRent $1,894 · Income $91,795Ocean County, NJRent $1,755 · Income $89,863Monmouth County, NJRent $1,827 · Income $124,845

Counties with a similar cost of living

Mecklenburg County, NCRent $1,627 · Income $87,005Charleston County, SCRent $1,620 · Income $88,494Washoe County, NVRent $1,608 · Income $88,096Fredericksburg city, VARent $1,619 · Income $86,071Multnomah County, ORRent $1,646 · Income $88,766Beaufort County, SCRent $1,653 · Income $86,573

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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