Passaic is a mid-sized city located in the state of New Jersey. The city has a population of 70,536 people. With a population density of 22,514 people per square mile, Passaic is well above the nation's average density level. More than a quarter of the residents of Passaic identify themselves as Hispanic or Latino, and 68% of the population speak Spanish as their primary or secondary language. Passaic tends to attract a younger crowd, as the median age of 29 is far below the national average.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Passaic, New Jersey could be a fulfilling experience for anyone who puts in the time to do the research required. To help you find the best places to live in and around Passaic, AreaVibes has created a livability score using key metrics like amenities, cost of living, weather, employment, housing and more.
The livability score in Passaic is 56/100 and the city is ranked in the 8th percentile of all cities across America. This score ranks well below the United States average. With such a low livability score, it might be worth investigating a little further. This score also puts it among the worst 10 percent of cities in all of America. There are seven total categories that create the livability score. Passaic ranks well for amenities (A+). Passaic does not fare well for the following: crime (D-), cost of living (F), education (F), employment (F) and housing (F). It might be a good idea to take a closer look at each category to find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Passaic on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Assuming that Passaic meets all of your requirements, the next most important item to examine is the affordability of real estate in Passaic. Everything else becomes a lot less important if it turns out that home prices in Passaic are simply unattainable. The median home price for Passaic homes is $303,600, which is 4% lower than the New Jersey average. If we take a closer look at the affordability of homes in Passaic, we’ll see that the home price to income ratio is 9, which is 109.3% higher than the New Jersey average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Passaic area were 21.2% and 5 year appreciation rates were 7.9%.
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