Passaic, NJ County is a great place to live due to its affordability and amenities. The median two bedroom rent in the area is $1830, which is slightly higher than the national average of $1430 per month but still within an affordable range. The Grocery Cost Index in Passaic, NJ County is 105, which is five points higher than the US average of 100. This indicates that things like groceries are more expensive here than they are nationally. Though this cost of living may be slightly higher than some other areas, Passaic has plenty of local businesses and amenities to make up for it. Businesses like Great Notch Inn, Marcello's Pizza Cafe & Pizzeria, and Waffle Town serve as popular spots for locals while larger establishments such as TD Bank and Bath & Body Works provide services needed day-to-day.
Passaic County has an unemployment rate of 10.0%. The US average is 6.0%.
Passaic County has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Passaic County
- The Sales Tax Rate for Passaic County is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Passaic County is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Passaic County
- The average income of a Passaic County resident is $27,795 a year. The US average is $28,555 a year.
- The Median household income of a Passaic County resident is $78,386 a year. The US average is $69,021 a year.