News

QuantaLoan Market Research

USA!
USA
flag
New Jersey
Passaic County Flag
Passaic
  The population of Passaic county is estimated at 511,265 where 245,054 speak English exclusively and 14,125 speak primarily in another language. In 2017 there were 6,852 births and 3,704 deaths in Passaic county. Passaic county has 66,925 housing units that are owned with a mortgage or a loan, 24,900 that are owned free and clear and 74,960 that are renter occupied.


  The upstanding residents of Passaic County filed 249,170 federal tax returns in 2017. This amount represents 5.7% of all New Jersey filings and 0.167% of the entire nation. Passaic had an impressive combined total federal tax liability of $2,376,889,000 on earned income of $14,685,302,000. Other notable statistics from Passaic County were 16,130 unemployment claims which collected a total of $98,121,000 and 67,870 charitable contributions valued at $218,941,000. 69,590 filings from Passaic County paid a combined total of $707,441,000 in property taxes and 54,250 filings paid $444,861,000 on mortgage interest costs.

  In 2010 Passaic county had 330 religious congregations with an estimated 289,272 members.

27.0% of the Passaic population has a college level Bachelors degree or higher. 17.0% have less than a highschool diploma level education.


Approximately 37% of Passaic County voted in the presidential election of 2016. This is an increase from the 2012 election by 24,470 votes.

At $63,127 the median income is 78.8% of the New Jersey average. An estimated 13,972 people claimed to be unemployed last year in Passaic, the equivalant of around 5.7% of the county population. This represents a decrease in the level of unemployment from the previous year's value of 6.2%.


Top 15 Industries in Passaic County.
Total # EmployedIndustry Job Type
25,884Health care and social assistance
22,841Retail trade
18,337Manufacturing
16,214Administrative and support and waste management and remediation services
15,141Administrative and support services
11,293Wholesale trade
10,630Ambulatory health care services
10,305Employment services
10,172Accommodation and food services
9,938Food services and drinking places
8,356Restaurants and other eating places
7,060Professional, scientific, and technical services
5,985Merchant wholesalers, nondurable goods
5,620Food and beverage stores
5,308Merchant wholesalers, durable goods


In 2018 the average price reduction was 4.31% in Passaic County (averaging across 13 zip codes a sample of which are; 7011, 7480, 7506, 7403 and 7470).

In 2018 11.57% of listings in Passaic County (averaging across 17 zip codes a sample of which are; 7522, 7055, 7470, 7502 and 7456) dropped their price.


Interested in adding housing statistics for Passaic County to your website? Click here for the QuantaLoan.com county widget code for Passaic, NewJersey.