At a Glance
Median Income
$102,152
$55,467 per capita
Home Value
$540,800
Zillow: $1,156,954
Median Rent
$1,732/mo
24.7% of income on rent
Violent Crime
0/100K
1,328/100K property
Bachelor's Degree+
60.0%
92.4% high school+
Unemployment
3.7%
5.6% poverty rate
Obesity Rate
18.6%
7.8% smoking rate
Avg Temperature
52°F
275 sunny days/yr
How Parsippany Compares to the U.S. Average
Each bar shows Parsippany's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Parsippany a Good Place to Live?
A
4.0 / 5.0 — Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Parsippany residents earn a median household income of $102,152 , which is 36% above the national average of $75,149.
Per capita income is $55,467. The unemployment rate stands at 3.7% (3% above the U.S. rate of 3.6%). 5.6% of residents live below the poverty line. The area is home to 18,002 business establishments, including 1,349 restaurants.
Housing & Cost of Living
The median home value in Parsippany is $540,800 , 92% above the national median of $281,900.
Zillow estimates the typical home at $1,156,954. Median rent is $1,732/month, with 24.7% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1968.
Safety & Crime
Parsippany reports 0 violent crimes per 100,000 residents
, which is 100% below the national average of 380/100K.
Property crime is 1,328/100K.
Education
60.0% of adults in Parsippany hold a bachelor's degree or higher
(78% above the national average).
92.4% have completed high school. Local schools score 7.5/10 in standardized testing.
Climate & Weather
Parsippany has an average annual temperature of 52°F (11°C).
Winters average 29°F in January while summers reach 75°F in July. The area gets 275 sunny days per year. Annual precipitation totals 49.2 inches. Air quality is rated Good with a median AQI of 39.
Data Overview
People
Population21,869
Median Age41.4 yrs
Density3,591/mi²
Male / Female49% / 51%
Foreign Born13.6%
Veterans2.3%
Economy
A+
Median Income$102,152
Per Capita$55,467
Unemployment3.7%
Poverty5.6%
County GDP$74,395M
Avg Weekly Wage$1,946
Housing
B+
Home Value$540,800
Rent$1,732
Ownership49.3%
Zillow$1,156,954
Housing Units9,124
Rent Burden24.7%
Crime
C+
Violent0/100K
Property1,328/100K
Health
Obesity18.6%
Diabetes8.4%
Smoking7.8%
Heart Disease3.9%
Premature Death4,240/100K
Climate
Avg Temp52°F
Sunny Days275/yr
Rain49.2 in/yr
AQI39 (Good)
Elevation288 ft
Education
A+
Bachelor's+60.0%
High School+92.4%
Graduate+25.4%
School Score7.5/10
Community
2024 VoteR 50% / D 48%
Commute27 min
Broadband93.4%
Internet Speed105 Mbps
EV Stations11
Libraries37
Did You Know?
The median home in Parsippany was built in 1968.
16.2% work from home.
The nearest airport is Newark Liberty International (17 miles).
The Gini coefficient (income inequality) is 0.461 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
10.9% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 105 Mbps.
There are 1,349 restaurants in the area.
The county recorded 19 fatal vehicle crashes.
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