Passaic is a larger, mid-sized city in the state of New Jersey. Passaic is the 12th largest community in New Jersey, with a population of 69,703 people and 14 constituent neighborhoods.

Housing costs in Passaic are among the highest in the country, though they do not compare to real estate prices in New Jersey’s most expensive communities.

Passaic is commonly referred to as a blue-collar town because physical labour occupations dominate the local economy. Blue-collar occupations employ 42.01 percent of the Passaic workforce, compared to 27.7 percent nationally. Passaic is primarily populated by service providers, transportation and shipping workers, and sales and office workers. Passaic has a high proportion of residents who work in office and administrative support (8.78 percent), sales (7.84 percent), and maintenance occupations (6.39 percent ).

Many people in Passaic take the bus to and from work. In fact, for its size, Passaic has a sizable population of public transportation users. Passaic’s citizens have a high demand for low-cost transportation options.

Passaic has a slightly lower percentage of adults with a college degree than the national average of 21.84 percent for all communities. In Passaic, 15.67% of adults have a bachelor’s or advanced degree.

Passaic’s per capita income in 2018 was $18,485, which is low in comparison to New Jersey and the rest of the country. For a family of four, this equates to an annual income of $73,940. However, Passaic is home to both wealthy and impoverished residents.

Passaic is a city with a very diverse ethnic population. Passaic residents describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin make up the majority of Passaic’s population, accounting for 74.79 percent of the city’s population (people of Hispanic or Latino origin can be of any race). The majority of Passaic residents report being White, followed by Black or African-American. People in Passaic have Polish, Italian, Russian, European, and German ancestors.

Furthermore, Passaic is home to a large number of people who were born outside of the United States (38.81 percent ).

Hard Money Lender in Passaic

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