Housing costs in Passaic?
A typical home costs
$444,400, which is 31.4% more expensive than the national average of
$338,100 and 2.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Passaic costs
$1,500 per month, which is 12.3% cheaper than the national average of
$1,710 and 44.7% cheaper than the state average of
$2,170.
Can I afford Passaic?
To live comfortably in Passaic (zip 07055), New Jersey, a minimum annual income of
$85,320 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Passaic?
The cost of living in 07055 Passaic, NJ is relatively high. According to BestPlaces, the average monthly cost of living for a single person is $1,571.14 USD. Basic utilities such as electricity, heating, water and garbage come to around $160 per month, while internet costs an additional $48. On top of this, rent for a one-bedroom apartment averages around $1,046 per month. Groceries are slightly more expensive than the national average but not by much. Overall, the cost of living in 07055 Passaic can be quite expensive for those on a budget or with lower incomes.