Parsippany, NJ

Full City Profile · New Jersey · Morris County County

4.0 /5.0

A Great

21,869 Population 3,591/sq mi density

$102,152 Median Income $55,467 per capita

$540,800 Home Value $1,156,954 Zillow

$1,732 Median Rent 24.7% income on rent

52°F Avg Temperature 275 sunny days/yr

Overall

4.0 / 5.0

Strong

A+

Economy

4.7 / 5.0

$102,152 median income, 3.7% unemployment

B+

Affordability

3.7 / 5.0

$540,800 home value, $1,732/mo rent

C+

Safety

2.5 / 5.0

0 violent crimes/100K

A+

Education

5.0 / 5.0

60.0% bachelor's degree or higher

Change Over Time (2021–2023)

Population Change

-0.3%

21,931 → 21,869

over 2 years

Annual Pop. Growth

-0.14%

Compound annual growth rate

Median Income Change

+6.3%

$96,096 → $102,152

nominal, not inflation-adjusted

Annual Income Growth

+3.1%

Compound annual growth rate

Population Over Time

Total population for Parsippany across each available Census ACS release.

Median Household Income Over Time

Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).

Projected 2030

Simple projections extrapolating the 2021–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.

Projected Population 2030

21,656

-213 from 2023 (21,869)

Projected Median Income 2030

$126,490

+$24,338 from 2023 ($102,152)

Year-by-Year Detail

Year	Population	YoY %	Median Income	YoY %
2021	21,931	—	$96,096	—
2023	21,869	-0.3%	$102,152	+6.3%

Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.