Gender
In Passaic, the population consists of 34,347 males (48.85%) and 35,961 females (51.15%). Here are the primary highlights from the gender-based income distribution analysis:
- In Passaic, the median income for all workers aged 15 years and older, regardless of work hours, was $29,542 for males and $20,172 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $42,917 for males and $39,508 for females.
- In Passaic, the median income for all workers aged 15 years and older, regardless of work hours, was $29,542 for males and $20,172 for females.
- In Passaic, among full-time, year-round workers aged 15 years and older, males earned a median income of $42,917, while females earned $39,508, resulting in a 8% gender pay gap among full-time workers. This illustrates that women earn 92 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the city of Passaic.
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Race
In Passaic, the population is predominantly White, constituting 49.01% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $76,998.
- In Passaic, despite the White population being the most populous, it is worth noting that American Indian and Alaska Native households actually reports the highest median household income, with a median income of $102,773. This reveals that, while Whites may be the most numerous in Passaic, American Indian and Alaska Native households experience greater economic prosperity in terms of median household income.
- In Passaic, the median household income for the households where the householder is White increased by $29,532(62.22%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $47,466 in 2012 and $76,998 in 2022.
- In Passaic, the median household income for the households where the householder is Black or African American increased by $11,675(47.67%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $24,491 in 2012 and $36,166 in 2022.
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Year by year
Passaic, NJ median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Passaic increased by $11,426 (27.20%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 9 years and declined for 2 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 4,572 (from $42,350 to $46,922). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 2,308 (from $42,010 to $39,702).
- It then further increased to $159,495 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4827, it is evident that income distribution in Passaic, NJ exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $54,129. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,117.
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