New Jersey · Metropolitan Area
Parsippany is a small city in New Jersey with a population of 21,869. Residents earn $102,152 per year, which is 36% above the national average.
Based on current data, Parsippany receives an overall livability score of 4.5 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, a highly educated population, a low poverty rate, high health insurance coverage. Areas to be aware of include high housing costs. Parsippany stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
The median household income in Parsippany is $102,152, which is significantly higher than the national average — 36% above $75,149. This places Parsippany among higher-income communities. Unemployment stands at 3.7%, indicating a healthy job market. Only 5.6% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 27 minutes.
The median home value in Parsippany is $540,800, making it a premium housing market at 92% above the U.S. median of $281,900. Renters pay a median of $1,732 per month, significantly above the national average of $1,163. The price-to-income ratio of 5.3x means housing costs are stretched relative to local earnings.
Parsippany is a highly educated community — 60.0% of adults hold a bachelor's degree or higher, well above the national average of 33.7%. 92.4% have completed high school. Local schools score 6.2/10 in standardized testing, reflecting strong academic performance.
Parsippany experiences four distinct seasons with an average temperature of 52°F. Winters average 29°F in January while summers reach 75°F in July. Annual precipitation totals 49.2 inches. Air quality is rated Good with a median AQI of 39.
| English Only | 48.6% |
| 38% below US avg | |
| Spanish | 51.4% |
| 284% above US avg |
| Median HH Income | $102,152 |
| 36% above US avg | |
| Per Capita Income | $55,467 |
| Avg Weekly Wage | $1,946 |
| IRS Avg AGI | $156,784 |
| Unemployment | 3.7% |
| 3% above US avg | |
| Poverty Rate | 5.6% |
| 55% below US avg | |
| Establishments (County) | 18,002 |
| County GDP | $74,395M |
| Restaurants | 1,349 |
| Healthcare | 1,822 |
| Retail | 1,639 |
| Manufacturing | 496 |
| Property Tax (IRS) | $13,570 |
| 288% above US avg | |
| Effective Tax Rate | 2.51% |
| Commute Time | 26.8 min |
| Work from Home | 16.2% |
| Census Median | $540,800 |
| 92% above US avg | |
| Median List Price | $768,000 |
| Median List Price | $768,000 |
| $/Sq Ft | $337 |
| Homes Sold | 5 |
| Sale-to-List Ratio | 102.2% |
| Price Drops | 0.0% |
| Inventory | 11 |
| Census Median Rent | $1,732 |
| 49% above US avg | |
| Zillow Rent (ZORI) | $2,591 |
| Studio | $1,599 |
| 1 Bedroom | $1,759 |
| 2 Bedrooms | $2,132 |
| 3 Bedrooms | $2,658 |
| 4 Bedrooms | $3,005 |
| Owner-Occupied | 49.3% |
| Avg Tax (IRS) | $13,570 |
| 288% above US avg | |
| Effective Rate | 2.51% |
| Obesity | 18.6% |
| 42% below US avg | |
| Diabetes | 8.4% |
| Heart Disease | 3.9% |
| High Blood Pressure | 26.4% |
| Asthma | 7.3% |
| COPD | 3.2% |
| Stroke | 2.1% |
| Binge Drinking | 15.9% |
| Physical Inactivity | 19.8% |
| Depression | 12.6% |
| Mental Distress | 12.3% |
| Physical Distress | 8.7% |
| Insurance Rate | 96.3% |
| Checkup Rate | 76.8% |
| Premature Death | 4,240/100K |
| Food Environment | 9.4/10 |
| Exercise Access | 98.5% |
| Healthcare Facilities | 1,822 |
| Fatal Crashes (County/yr) | 19 |
| Annual Average | 51.8°F |
| 4% below US avg | |
| January Average | 29°F (-2°C) |
| July Average | 75°F (24°C) |
| Annual Rainfall | 49.2 inches |
| 29% above US avg |
| AQI Median | 39.0 |
| Rating | Good |
| Elevation | 288 ft (88 m) |
| Area | 6.1 sq mi (15.8 km²) |
| Population Density | 3,591/sq mi |
| Coordinates | 40.8641°N, 74.4124°W |
| County FIPS | 34027 |
Winner: Republican by 2.7 points
| Bachelor's Degree+ | 60.0% |
| 78% above US avg | |
| High School+ | 92.4% |
| School Test Score | 6.24 |
| RUCC Code 1 | Metro — 1 million+ |
| Population Density | 3,591/sq mi |
| Total Area | 6.1 sq mi |
| EV Charging Stations | 11 |
| Alt Fuel Stations | 11 |
| Public Libraries | 37 |
| Healthcare Facilities | 1,822 |
| Restaurants | 1,349 |
| Retail Stores | 1,639 |
| Fatal Crashes (County/yr) | 19 |
| Avg Commute | 26.8 min |
| Work from Home | 16.2% |