ZIP Code 07055 — Passaic city, NJ Demographics & Data

ZIP code 07055 covers Passaic, NJ in Passaic County with a population of about 69,651.

At a glance, the area shows median age of 30.9 versus a U.S. median of about 38.9.

It sits in telephone area codes 862, 973; U.S. House district NJ-9; the NEW YORK media market.

Passaic, NJ sits in a university / college context (near american institute-clifton (1.1 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 07055 is about $56,780 — about 24% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 23.1%; unemployment rate near 11.3%; 16.9% of adults with a bachelor’s degree or higher (about 16.8 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Healthcare, and Retail trade; about 8.2% of workers reporting work-from-home (about 7.0 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $406,500 — about 17% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,239 (about 7% above the U.S. median rent ($1,163)), and owner-occupancy near 23.5% (about 41.9 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 07055 in Passaic, NJ, a household would need roughly $112,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,611. That is about 97% above the local median household income ($56,780), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Passaic city, NJ as Relatively High (composite score 95.8), which is among the highest nationally. The strongest component scores on US5 are flood (97.8) and hurricane (87.9). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Passaic city, NJ show little to no average snow and around 46.3 inches of annual precipitation.

IRS migration statistics show a net inflow of about 4,483 for ZIP 07055 (Passaic city, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.