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
Population, 2020 – 2024
202421K
Age distribution, 2020
Under 54.9%(1,125)
5 to 95.1%(1,163)
10 to 145.2%(1,184)
15 to 194.4%(993)
20 to 245.4%(1,223)
25 to 3416.4%(3,746)
35 to 4414.6%(3,334)
45 to 5412.1%(2,762)
55 to 6413.4%(3,062)
65 to 749.8%(2,235)
75 to 846.1%(1,392)
85 and over2.5%(559)
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02
Income & economy
$94,349
+3%inflation adjusted, since 2021
vs $96,096 in 2021
US average: $66,278
2020 – 2024
Households earning $100K+
64.7%
+0.1 ptsvs 2021
vs 64.5% in 2021
US average: 43.9%
Workforce by industry, 2020
Retail trade11.6%
Information10.3%
Other services9.8%
Public administration7.6%
Finance & insurance4.3%
Professional, scientific, technical3.8%
Arts, entertainment, food3.3%
Transportation & warehousing3.3%
Wholesale trade3.1%
Education & health services0.4%
Agriculture, forestry, fishing0.1%
Construction0.1%
Manufacturing0%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03
Housing
$446,000
+3%inflation adjusted, since 2021
vs $454,400 in 2021
US average: $265,253
2020 – 2024
4.7
Unchangedvs 2021
vs 4.7 in 2021
2020 – 2024
Our index: median home value divided by median household income. Lower is more affordable.
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)
2020
White, non-Hispanic38.6%(8,784)
Black3%(683)
Hispanic / Latino10.1%(2,304)
Asian45.1%(10,273)
Other1.9%(439)
No data for the years selected.
Section 04 · Origins
Detailed origins & ancestry
Hispanic origin
South American5.3%(1,081)
Colombian2.8%(578)
Puerto Rican2.4%(487)
Ecuadorian1.2%(248)
Cuban1.1%(219)
Mexican1%(200)
Dominican0.7%(142)
Peruvian0.6%(124)
Central American0.5%(93)
Argentine0.3%(59)
Guatemalan0.3%(53)
Spaniard0.2%(34)
+ 5 more hispanic origin groups with data
Asian origin
Asian Indian31.3%(6,392)
Chinese7.1%(1,452)
Filipino2.1%(435)
Pakistani0.9%(185)
Korean0.7%(150)
Vietnamese0.5%(103)
Sri Lankan0.4%(72)
Taiwanese0.2%(46)
Nepalese0.1%(27)
Japanese0.1%(21)
Ancestry
Italian13.1%(2,686)
Irish8.1%(1,664)
German5.9%(1,204)
Polish5.3%(1,086)
English2.5%(518)
American2.5%(516)
Russian2.3%(465)
Greek1.3%(264)
Ukrainian1%(195)
French0.9%(186)
Subsaharan African0.9%(185)
Nigerian0.6%(114)
+ 34 more ancestry groups with data
West Indian0.6%(113)
Slovak0.5%(110)
Hungarian0.5%(108)
Haitian0.5%(108)
Guyanese0.5%(107)
Turkish0.5%(106)
Egyptian0.5%(104)
Dutch0.5%(97)
Czech0.5%(93)
Portuguese0.4%(86)
Swedish0.4%(85)
Arab0.4%(81)
Scottish0.4%(80)
Iranian0.3%(55)
Scotch-Irish0.3%(55)
French Canadian0.2%(51)
Croatian0.2%(50)
Norwegian0.2%(35)
Lebanese0.2%(33)
Brazilian0.2%(33)
Swiss0.1%(26)
Canadian0.1%(25)
Syrian0.1%(24)
Israeli0.1%(23)
British0.1%(22)
Slovene0.1%(21)
Armenian0.1%(17)
Lithuanian0.1%(15)
Welsh0.1%(12)
Austrian0.1%(11)
Palestinian0%(8)
Danish0%(7)
Macedonian0%(7)
Bulgarian0%(5)
Section 05
Education
High school or higher
92.4%
Unchangedvs 2021
vs 92.4% in 2021
US average: 88.5%
Section 06
Commute & transportation
Section 07
Work & employment
Section 08
People & community
Marital status (2024)
Men 15+
Never married26.7%(2,489)
Married64.7%(6,032)
Widowed2%(188)
Divorced6.6%(613)
Women 15+
Never married24.1%(2,206)
Married58.6%(5,359)
Widowed11.6%(1,065)
Divorced5.7%(521)
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
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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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New JerseyDATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024