Passaic city, NJ

ZIP 07055 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLarge CommunityLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Passaic city, NJ (07055)

Median Income

$56,780

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+4,483

Wealth inflow

Population

69,651

Unemployment

11.3%

7.6pp above US avg

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.

Economic Indicators

Unemployment

11.3%+207% vs US avg

Self-Employed

1.9%-69% vs US avg

SNAP Benefits

38.2%+226% vs US avg

1,371

Establishments

12,488

Employees

~9 per establishment — small businesses dominate

Manufacturing

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.2%
Construction8.5%
Manufacturing16.6%
Wholesale trade3.3%
Retail trade11.5%
Transportation, utilities7.0%
Information0.7%
Finance, insurance, real estate3.8%
Professional, scientific, management12.6%
Education, health care, social21.5%
Arts, entertainment, food services8.5%
Other services4.4%
Public administration1.4%

Household Income

Historical Trends in 07055 (2020–Present)

Since 2020, population declined 0.3%, median income rose 7.6% (inflation-adjusted), home values decreased 0.8%.

Median Income

$56,780

-24% vs US avg

Unemployment Rate