Passaic, NJ, exhibits a higher cost of living compared to the nationwide average, with specific areas showing notable differences. Housing costs are 25% above the national average, while groceries are 5% higher. Utilities also stand 10% above average, and transportation costs are 15% higher.
In contrast, healthcare costs in Passaic are 10% below the national average. This varied cost of living presents unique financial considerations for those relocating or seeking job opportunities in the area.
The cost of living in Passaic, NJ, significantly differs from the nationwide average, which is set at 100. The housing index in Passaic stands at 125, indicating that housing costs are 25% higher than the national average. For someone looking for a new place to live, this means that rental prices or mortgage rates will likely be significantly higher than what one might find in other parts of the country.
Other costs also vary in Passaic. Groceries are 5% higher than the national average, with an index of 105, while utilities are 10% higher at 110. Transportation costs are also elevated at 115, meaning they are 15% higher. Though healthcare costs are lower, at 90, they are still a factor to consider. This mix of higher costs in several areas, combined with comparable costs in others, paints a comprehensive picture of the economic landscape in Passaic, NJ.
