CensusEasy
CITY · 2020 ACS

Parsippany

New Jersey · 22,778 residents · 6.086 sq mi
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The short version

Parsippany is significantly wealthier than the US average, with a median household income of $94,349. Population has held roughly steady since 2021. 59% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $446,000. Poverty is rare here, at 5.0% of residents.

At a glance
Wealthier
above the US median
US median: $66,278
Mid-age
median age 40.3
US median: 38.8
More educated
59% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
22,778
+4%vs 2021
vs 21,931 in 2021
2020 – 2024
Population density
3,743 / sq mi
+4%vs 2021
vs 3,604 / sq mi in 2021
US average: 280
Median age
40.3
+1%vs 2021
vs 40.0 in 2021
US average: 38.8
Population, 2020 – 2024
21K22K22K22K23K20202024Parsippany
202421K
20202024
Section 02

Income & economy

Median household income
$94,349
+3%inflation adjusted, since 2021
vs $96,096 in 2021
US average: $66,278
2020 – 2024
Per capita income
$45,873
−6%vs 2021
vs $49,004 in 2021
US average: $35,364
Households earning $100K+
64.7%
+0.1 ptsvs 2021
vs 64.5% in 2021
US average: 43.9%
Poverty rate
5.0%
−0.8 ptsvs 2021
vs 5.8% in 2021
US average: 12.8%
Workforce by industry, 2020
Retail trade11.6%
US avg: 10%
Information10.3%
US avg: 11.1%
Other services9.8%
US avg: 6.6%
Public administration7.6%
US avg: 4.7%
Finance & insurance4.3%
US avg: 5.5%
Professional, scientific, technical3.8%
US avg: 4.7%
Arts, entertainment, food3.3%
US avg: 2%
Transportation & warehousing3.3%
US avg: 2.5%
Wholesale trade3.1%
US avg: 6.7%
Education & health services0.4%
US avg: 0.8%
Agriculture, forestry, fishing0.1%
US avg: 1.7%
Construction0.1%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$446,000
+3%inflation adjusted, since 2021
vs $454,400 in 2021
US average: $265,253
2020 – 2024
Median gross rent
$1,408
−4%inflation adjusted, since 2021
vs $1,543 in 2021
US average: $1,124
Owner-occupied
47.6%
−1.0 ptsvs 2021
vs 48.6% in 2021
52.4% rent
Afford Score
4.7
Unchangedvs 2021
vs 4.7 in 2021
2020 – 2024
RELATED:See current rent listings in Parsippany on RentDataNow
Section 04

Race & ethnicity

2021
White, non-Hispanic38.3%(8,391)
Black4%(871)
Hispanic / Latino10.6%(2,332)
Asian44.8%(9,816)
Other2.4%(521)
Diversity Score80%(17,540)
2020
White, non-Hispanic38.6%(8,784)
Black3%(683)
Hispanic / Latino10.1%(2,304)
Asian45.1%(10,273)
Other1.9%(439)
Diversity Score78.3%(17,846)
Diversity Score
78
−2%vs 2021
vs 80 in 2021
2020 – 2024
Section 05

Education

Bachelor's degree or higher
58.8%
−1.1 ptsvs 2021
vs 60.0% in 2021
US average: 32.9%
High school or higher
92.4%
Unchangedvs 2021
vs 92.4% in 2021
US average: 88.5%
Graduate degree
22.5%
−0.7 ptsvs 2021
vs 23.1% in 2021
US average: 12.7%
Section 06

Commute & transportation

Average commute
27.4 min
+2%vs 2021
vs 26.9 min in 2021
US average: 26.9
Drive alone to work
80.9%
+5.4 ptsvs 2021
vs 75.5% in 2021
US average: 75.1%
No vehicle available
10.4%
−0.1 ptsvs 2021
vs 10.5% in 2021
US average: 8.4%
Section 07

Work & employment

Unemployment rate
3.7%
−1.3 ptsvs 2021
vs 5.0% in 2021
US average: 5.4%
Labor force participation
69.8%
+1.5 ptsvs 2021
vs 68.3% in 2021
US average: 63.4%
Management & professional
56.1%
−1.3 ptsvs 2021
vs 57.4% in 2021
US average: 39.3%
Section 08

People & community

Male
48.5%
−1.2 ptsvs 2021
vs 49.7% in 2021
Female
51.5%
+1.2 ptsvs 2021
vs 50.3% in 2021
Foreign born
47.3%
+0.2 ptsvs 2021
vs 47.1% in 2021
US average: 13.5%
Uninsured
4.9%
+0.1 ptsvs 2021
vs 4.8% in 2021
US average: 8.8%
Drill deeper

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Frequently asked

How many people live in Parsippany, New Jersey?

Parsippany, New Jersey has about 22,778 residents according to the 2020 American Community Survey.

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

The typical household in Parsippany, New Jersey earns about $94,349 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 $446,000, and the typical rent is about $1,408 a month.

How educated are people in Parsippany, New Jersey?

About 58.8% 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 5.0% 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

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