Housing costs in Passaic?
A typical home costs
$419,700, which is 24.1% more expensive than the national average of
$338,100 and 2.9% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Passaic costs
$1,500 per month, which is 4.9% more than the national average of
$1,430 and 14.0% cheaper than the state average of
$1,710.
Can I afford Passaic?
To live comfortably in Passaic, New Jersey, a minimum annual income of
$80,280 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Passaic?
Passaic, New Jersey has a cost of living index rating slightly higher than that if the nation at 103due largely to its moderately high housing costs making up 43% -above the national average 43%. Utility costs are also above average partly owing to expensive power sources such as coal or nuclear energy providing citizens with a generally more expensive option but having access similar amenities found citywide from wherever municipality they call home. Transportation makes up 12 percent, groceries 11%, healthcare 8% contributing further towards elevated total expenses when compared with many other U.S cities .