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2024 Compare Cities Economy:
Hoboken, NJ vs Passaic, NJ

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Highlights
- Household income in Passaic, is 69% less than it is in Hoboken and is 40% below the National Average.
- Hoboken unemployment rate is 4.2%.
- Passaic unemployment rate is 11.4%.

Economy
 Hoboken, NJPassaic, NJUnited States
 Unemployment Rate4.2%11.4%6.0%
 Recent Job Growth-0.5%-0.5%1.6%
 Future Job Growth30.0%20.5%33.5%
 Sales Taxes6.6%6.6%6.2%
 Income Taxes5.5%5.5%4.6%
 Income per Cap.$97,083$21,152$37,638
 Household Income$160,890$49,436$69,021
 Family Median Income$210,773$46,594$85,028
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 Est. Households By Income
 Hoboken, NJPassaic, NJUnited States
 Income Less Than 15K5.0%12.6%9.4%
 Income between 15K and 20K2.7%5.1%3.8%
 Income between 20K and 30K3.6%13.0%8.1%
 Income between 30K and 40K2.8%11.2%8.0%
 Income between 40K and 50K3.0%8.4%7.6%
 Income between 50K and 60K2.6%8.2%7.2%
 Income between 60K and 75K3.7%10.1%9.6%
 Income between 75K and 100K7.9%10.4%12.8%
 Income between 100K and 150K15.3%12.3%16.3%
 Income between 150K and 200K15.2%4.5%7.8%
 Income greater than 200K38.1%4.1%9.5%
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 Population By Occupation
 Hoboken, NJPassaic, NJUnited States
 Management, business, finance42.9%8.3%16.4%
 Engineering, computers, science10.7%3.2%6.5%
 Community, social services0.5%1.2%1.8%
 Legal3.8%0.6%1.2%
 Education, library4.2%5.1%6.2%
 Arts, design, media, sports, entertainment4.2%0.5%2.0%
 Healthcare practitioners and technology5.4%3.6%6.2%
 Healthcare support0.7%5.7%3.3%
 Firefighters, law enforcement0.9%1.2%2.1%
 Food preparation, serving1.7%4.9%5.4%
 Building maintenance0.5%7.2%3.6%
 Personal care1.5%2.3%2.6%
 Sales, office, administrative support19.6%16.4%20.9%
 Farming, fishing, forestry0.0%0.2%0.6%
 Construction, extraction, maintenance/repair0.6%10.7%8.1%
 Production, transportation, material moving2.8%28.7%13.1%

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Reviews for Hoboken    8 Reviews

Over 10 years ago

Great place to  More

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Over 13 years ago

Hoboken is one of those places that is still overlooked. With Brooklyn blowing up,why not live essentially the same subway-trip from Manhattan without paying city tax,  More

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Over 13 years ago

My kind of  More

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Reviews for Passaic    1 Reviews

Over 18 years ago

I live in the Passaic Park area of Passaic, and the area is very nice. The neighborhood is quiet and clean. Though there's nothing in terms of  More

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ZIPS IN HOBOKEN, NEW JERSEY
07030
ZIPS IN PASSAIC, NEW JERSEY
07055

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