Passaic, MO is a small town located in Missouri with a population of approximately 4,300 people. It is an ideal place to live for those who enjoy the peace and tranquility of country living. The cost of living in Passaic, MO is relatively low compared to the US average; 2 bedroom rent is only around $770 while the US 2 bedroom rent averages at $1430. In addition, the Grocery Cost Index in Passaic, MO is 94 versus 100 in the US. Due to its small size and rural setting, Passaic, MO lacks many large companies that are seen in larger cities. However there are many local businesses such as a family owned hardware store and farm supply store. Other services include a post office, gas station, bank , and several small restaurants.
Passaic has an unemployment rate of 4.3%. The US average is 6.0%.
Passaic has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Passaic
- The Sales Tax Rate for Passaic is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Passaic is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Passaic
- The average income of a Passaic resident is $16,129 a year. The US average is $28,555 a year.
- The Median household income of a Passaic resident is $46,563 a year. The US average is $69,021 a year.