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CITY

Parsippany

New Jersey · 21,345 residents · 6.086 sq mi
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Notable rankings
#139Most foreign-born residentsof 6,82644.7%
The short version

Parsippany is wealthier than most US places, with a median household income of $99,405. Population has held roughly steady since 2023. 60% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $555,400. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 42.2
US median: 38.9
More educated
60% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
21,345
−2%since 2023
from 21,869 in 2023
2020 – 2024
Population density
3,507 / sq mi
−2%since 2023
from 3,593 / sq mi in 2023
US average: 281
Median age
42.2
+2%since 2023
from 41.4 in 2023
US average: 38.9
Population, 2020 – 2024
21K22K22K22K23K20202024Parsippany
202421K
20202024
Section 02

Income & economy

Median household income
$99,405
−5%inflation adjusted, since 2023
from $102,152 in 2023
US average: $82,259
2020 – 2024
Per capita income
$57,518
+4%since 2023
from $55,467 in 2023
US average: $44,673
Households earning $100K+
63.6%
−3.6 ptssince 2023
from 67.2% in 2023
US average: 53.3%
Poverty rate
6.7%
+0.8 ptssince 2023
from 5.9% in 2023
US average: 12.5%
Income inequality (Gini)
0.452
+5%since 2023
from 0.431 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade14.5%
US avg: 9.9%
Other services9.8%
US avg: 6.7%
Information9.8%
US avg: 10.8%
Public administration8.4%
US avg: 4.8%
Finance & insurance3.8%
US avg: 5.9%
Wholesale trade3.7%
US avg: 6.9%
Professional, scientific, technical3.6%
US avg: 5.1%
Arts, entertainment, food3.2%
US avg: 1.9%
Transportation & warehousing1.9%
US avg: 2.2%
Education & health services0.2%
US avg: 0.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$555,400
Unchangedinflation adjusted, since 2023
from $540,800 in 2023
US average: $376,019
2020 – 2024
Median gross rent
$1,742
−2%inflation adjusted, since 2023
from $1,732 in 2023
US average: $1,442
Owner-occupied
48.4%
−0.9 ptssince 2023
from 49.3% in 2023
51.6% rent
Vacancy rate
3.2%
−0.1 ptssince 2023
from 3.3% in 2023
US average: 10.0%
Owner cost-burdened
28.2%
+0.5 ptssince 2023
from 27.7% in 2023
US average: 22.9%
Renter cost-burdened
38.2%
+4.2 ptssince 2023
from 33.9% in 2023
US average: 47.4%
Afford Score
5.6
+6%since 2023
from 5.3 in 2023
2020 – 2024
RELATED:See current rent listings in Parsippany on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic40.3%(8,807)
Black3.7%(801)
Hispanic / Latino8.7%(1,894)
Asian45.3%(9,898)
Other2.1%(469)
Diversity Score78%(17,049)
2024
White, non-Hispanic37%(7,895)
Black4.8%(1,035)
Hispanic / Latino10.4%(2,217)
Asian45.2%(9,640)
Other2.6%(558)
Diversity Score80.7%(17,220)
Diversity Score
81
+3%since 2023
from 78 in 2023
2020 – 2024
Section 05

Education

Bachelor's degree or higher
59.8%
−0.2 ptssince 2023
from 60.0% in 2023
US average: 35.6%
High school or higher
91.6%
−0.8 ptssince 2023
from 92.4% in 2023
US average: 89.6%
Graduate degree
25.5%
+1.7 ptssince 2023
from 23.8% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
27.5 min
+3%since 2023
from 26.8 min in 2023
US average: 26.5
Drive alone to work
66.1%
−2.9 ptssince 2023
from 69.1% in 2023
US average: 68.9%
Carpooled to work
8.8%
−0.4 ptssince 2023
from 9.2% in 2023
US average: 8.5%
Public transit
3.3%
Unchangedsince 2023
from 3.4% in 2023
US average: 3.2%
Worked from home
19.7%
+3.5 ptssince 2023
from 16.2% in 2023
US average: 15.0%
Walked to work
0.6%
−0.1 ptssince 2023
from 0.6% in 2023
US average: 2.4%
Biked to work
0.6%
Unchangedsince 2023
from 0.6% in 2023
US average: 0.4%
No vehicle available
12.6%
−1.7 ptssince 2023
from 14.2% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
6.2%
+0.8 ptssince 2023
from 5.4% in 2023
US average: 5.2%
Labor force participation
67.1%
−0.8 ptssince 2023
from 67.9% in 2023
US average: 63.5%
Self-employed
11.0%
−0.4 ptssince 2023
from 11.3% in 2023
US average: 13.1%
Management & professional
62.4%
+1.0 ptssince 2023
from 61.4% in 2023
US average: 42.5%
Section 08

People & community

Male
50.7%
+1.8 ptssince 2023
from 48.9% in 2023
Female
49.3%
−1.8 ptssince 2023
from 51.1% in 2023
Foreign born
44.7%
+0.4 ptssince 2023
from 44.2% in 2023
US average: 14.1%
Veterans
2.8%
+0.5 ptssince 2023
from 2.3% in 2023
US average: 6.2%
With a disability
12.5%
+1.5 ptssince 2023
from 11.0% in 2023
US average: 13.3%
Uninsured
4.7%
+1.0 ptssince 2023
from 3.7% in 2023
US average: 8.4%
Broadband at home
93.4%
Unchangedsince 2023
from 93.4% in 2023
US average: 91.0%
English only at home
47.0%
−1.7 ptssince 2023
from 48.7% in 2023
US average: 77.7%
Spanish at home
7.0%
+1.3 ptssince 2023
from 5.8% in 2023
US average: 13.6%
Drill deeper

Places similar to Parsippany

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Pop 21,317
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Pop 22,819
Maitland
Pop 19,511
Groveland
Pop 25,526
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Head to head

Compare Parsippany to nearby cities

PARSIPPANY VS
Lake Hiawatha
Income$104,663+5%
Home value$428,600−23%
Population11,018−48%
SEE FULL COMPARISON →
PARSIPPANY VS
Boonton
Income$114,302+15%
Home value$495,400−11%
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PARSIPPANY VS
Whippany
Income$151,420+52%
Home value$615,400+11%
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PARSIPPANY VS
Morristown
Income$121,340+22%
Home value$567,600+2%
Population20,750−3%
SEE FULL COMPARISON →
Frequently asked

How many people live in Parsippany, New Jersey?

Parsippany, New Jersey has about 21,345 residents according to the 2024 American Community Survey.

What is the median household income in Parsippany, New Jersey?

The typical household in Parsippany, New Jersey earns about $99,405 a year. Half of households make more than that, and half make less.

Is Parsippany, New Jersey expensive?

In Parsippany, New Jersey, the median home is worth about $555,400, and the typical rent is about $1,742 a month.

How educated are people in Parsippany, New Jersey?

About 59.8% of adults age 25 and over in Parsippany, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Parsippany, New Jersey?

About 6.7% of people in Parsippany, New Jersey live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →