About

Life in Parsippany

This is a solidly affluent suburb where you'll find yourself in a community that's genuinely diverse and family-oriented, with a median household income around $99,000 and a median home price hovering near $555,000. The township has built its reputation on stability—Money magazine named it one of America's best places to live multiple times, most recently ranking it 15th in 2022—but that recognition comes with realistic trade-offs. You're looking at a humid continental climate with cold winters and summers that can push toward 100 degrees, which means heating and cooling bills are real costs of living here.

Parsippany at a Glance

Population, income, housing and more

Median Age

42.2 yrs

Poverty Rate

6.7%

Foreign-Born

44.7%

Broadband Internet

93.4%

of households

Median household income

Parsippany$99,405
New Jersey avg$103,556
US$80,734

Demographics44.7% foreign-born, most often from India

Who lives in Parsippany: race and ethnicity, ages, households, languages and countries of origin

In Parsippany, the largest foreign-born group is from India (50.8%), and 24.1% of residents speak Other Indo-European at home.

Under 18

16.6%

of residents

65 and Older

21.4%

of residents

Households with Kids

26.5%

anyone under 18

Living Alone

31.3%

of households

Married Couples

55.8%

of households

Avg Household Size

2.34

people

Race & Ethnicity

Asian45.2%
White37.0%
Hispanic or Latino10.4%
Black4.8%
Two or more races2.5%

Hispanic or Latino of any race; other groups are non-Hispanic

Top countries of origin (foreign-born)

India50.8%
China8.3%
Philippines3.3%
Pakistan3.3%
Ghana2.5%
Taiwan2.2%
Korea2.0%
Poland1.6%
Egypt1.6%
Haiti1.5%

Languages Spoken at Home

English only47.0%
Other Indo-European24.1%
Other Asian/Pacific7.5%
Spanish7.0%
Chinese6.2%
Russian/Slavic2.1%
Other1.6%
Tagalog/Filipino1.4%

Cost of Livingrent about average for NJ

Rent, home values, and income in Parsippany

In Parsippany, home values are 22% above the NJ average.

Median rent (per month)

Parsippany$1,742
New Jersey avg$1,720
US$1,413

Median home value

Parsippany$555,400
New Jersey avg$454,400
US$332,700

Rent Burdened

38.2%

spending 30%+ of income on rent

Severely Rent Burdened

16.5%

spending 50%+

Cost of Living Index

112.6

metro area (BEA) · US avg = 100

Homeowners

48.4%

of occupied homes are owned

Typical Home Built

1968

median year built

Vacant Homes

3.2%

of housing units

Jobs & Economyunemployment 0.8 pts below NJ average

Unemployment in Parsippany

Unemployment in Morris County, which includes Parsippany, is 0.8 percentage points lower than the NJ average.

Unemployment rate

Parsippany4.4%
New Jersey avg5.2%
US4.3%

Parsippany: Morris County rate (county-wide) · BLS annual average

Unemployment Rate — 10 Year Trend

3.8%
3.5%
3.1%
2.7%
7.5%
5.3%
3.2%
3.5%
3.8%
4.4%
2016201720182019202020212022202320242025

Morris County (county-wide) · Annual averages

Parsippany is about 4% of Morris County’s population, so county-wide figures may differ from local conditions.

What Parsippany Residents Do for Work · share of employed residents by industry

Professional & business services23.2%
Education & health care18.4%
Manufacturing14.5%
Retail9.8%
Finance & real estate9.8%
Arts, hospitality & food service5.0%
Transportation & utilities3.8%
Construction3.7%

City residents, wherever they work

Commute27.5 min avg

How Parsippany residents get to work, and the nearest airports

In Parsippany, most residents drive alone to work (66%), and 58% get there in under 30 minutes.

How People Get to Work

Drive alone66.1%
Carpool8.8%
Public transit3.3%
Walk0.6%
Work from home19.7%
Other1.5%

Commute Time Distribution

Under 15 min24.3%
15–29 min33.5%
30–44 min24.6%
45–59 min7.2%
60+ min10.4%

Nearest airports · with airline service

  • Newark Liberty International Airport (EWR)

    Major hub23.5M passengers boarded in 2025

    18 mi

Straight-line distance. Size is the FAA’s hub category, based on passenger traffic: regional airports may have only a few flights a day.

Safetyviolent crime 80% below national average

Crime rates for 2025

Violent crime in Parsippany runs 80% below the national average.

Violent Crime Rate

66.9

per 100,000 residents

Below average (329 national, 2025)

Property Crime Rate

747.9

per 100,000 residents

Below average (1,552 national, 2025)

Parsippany-Troy Hills Township Police Department

Natural DisastersWinter Weather most common — 21 events in 2025

Natural hazard risk, storms and earthquakes

FEMA National Risk Index

Relatively Moderate

92.9 / 100

Compares expected losses from natural hazards, social vulnerability and community resilience against every US county (higher = more risk).

Winter weather · Very HighCold wave · HighLightning · HighInland flooding · HighStrong wind · High

Morris County, county-wide · FEMA NRI December 2025

In Morris County, which includes Parsippany, the most common type is winter weather, with 21 recorded events in 2025.

Most common events:

Winter WeatherThunderstorm WindFlash FloodWinter StormHail

Storm events by year

YearEventsTop TypeProperty Damage
202521Winter Weather$5,000
202427Winter WeatherNone reported
202327Thunderstorm Wind$100,000
202218Winter Weather$1,000
202128Thunderstorm Wind$10.0M
202018Thunderstorm Wind$40,000
201931Thunderstorm WindNone reported
201819Winter StormNone reported

Property damage is the National Weather Service's estimate filed with each event. “None reported” means the events were logged with $0 damage; “Not estimated” means no estimate was filed. Storms covering several counties aren't counted here, since NOAA doesn't split their damage by county.

0 earthquakes of magnitude 2.5+ within 100 miles in the past year

Morris County, county-wide

Parsippany is about 4% of Morris County’s population, so county-wide figures may differ from local conditions.

Air Quality39 median AQI — Good

Days by air quality category (2025)

Air quality in Morris County, which includes Parsippany, is typically good — 275 good-air days per year.

Median AQI

39

Good Days

275

per year

Moderate Days

48

per year

Unhealthy Days

0

per year

Morris County, county-wide

Parsippany is about 4% of Morris County’s population, so county-wide figures may differ from local conditions.

Climate83°F summers, 23°F winters

30-year climate averages (1991–2020) — monthly temperatures and precipitation

Parsippany has warm summers (avg high 83°F) and cold winters (avg low 23°F).

Spring (Mar–May)

60°/39°F

avg high / low

Summer (Jun–Aug)

83°/62°F

avg high / low

Fall (Sep–Nov)

64°/43°F

avg high / low

Winter (Dec–Feb)

40°/23°F

avg high / low

Annual Precipitation

49.6"

Annual Snowfall

24.0"

Hot Days/Year

16

days above 90°F

Freeze Days/Year

124

days below 32°F

Rainy Days/Year

131

Average month

High °FLow °FPrecip (in)
10°30°50°70°90°5"Jan: 3.73" precipitationFeb: 2.79" precipitationMar: 4.16" precipitationApr: 3.63" precipitationMay: 3.95" precipitationJun: 4.91" precipitationJul: 4.70" precipitationAug: 3.67" precipitationSep: 4.68" precipitationOct: 4.54" precipitationNov: 4.06" precipitationDec: 4.36" precipitation21°JJan: high 38°F, low 21°FFFeb: high 40°F, low 22°FMMar: high 48°F, low 29°FAApr: high 61°F, low 39°FMMay: high 71°F, low 49°FJJun: high 81°F, low 59°F85°JJul: high 85°F, low 64°FAAug: high 84°F, low 62°FSSep: high 77°F, low 54°FOOct: high 64°F, low 42°FNNov: high 53°F, low 33°FDDec: high 42°F, low 26°F
Show month-by-month table ↓
MonthHighLowPrecip
Jan38°F21°F3.73"
Feb40°F22°F2.79"
Mar48°F29°F4.16"
Apr61°F39°F3.63"
May71°F49°F3.95"
Jun81°F59°F4.91"
Jul85°F64°F4.70"
Aug84°F62°F3.67"
Sep77°F54°F4.68"
Oct64°F42°F4.54"
Nov53°F33°F4.06"
Dec42°F26°F4.36"

Healthcare

Hospitals, ratings, and health insurance in Parsippany

Uninsured

4.7%

of residents

No hospitals inside Parsippany's limits — nearest hospitals · within 15 miles

Saint Clare's Hospital/ Denville Campus

Acute Care Hospitals · ER available · 3.2 mi away · Denville

Greystone Park Psychiatric Hospital

Psychiatric · 4.7 mi away · Morris Plains

Not rated

Morristown Medical Center

Acute Care Hospitals · ER available · 5.2 mi away · Morristown

Adult Health · vs. the typical US place

Obesity18.8%US 36.8%
Diabetes9.6%US 12.6%
High blood pressure29.4%US 37.1%
Current smoking7.8%US 15.0%
No leisure-time physical activity20.7%US 26.6%
Depression12.3%US 23.0%
Asthma7.3%US 10.7%
Routine checkup in past year78.3%US 78.2%

Share of adults. Modeled estimates, not counted cases. “US” = the typical US place.

Medicare-certified hospitals only. Doesn’t include clinics, urgent care, or freestanding ERs.

Education11.1:1 student/teacher ratio

Schools and degree attainment in Parsippany

Parsippany's student/teacher ratio is 11.1:1 (lower than the national average of 16:1), and 59.8% of adults 25+ hold a bachelor's degree or higher.

Public Schools

8

within city limits

Private Schools

1

within city limits

College Degree Rate

59.8%

adults 25+ with bachelor's or higher

Student/Teacher Ratio

11.1:1

National avg 16:1

Schools located within city limits (2023) — school-level metrics change slowly year to year

Colleges Near Parsippany (within 15 miles)

Passaic County Community College

14.1 mi away

Public · 2-year · 4,260 students · in-state tuition $6,660 · 20% graduate · median earnings $42,497 (10 yrs after entry)

Fairleigh Dickinson University-Florham Campus

5.8 mi away

Private nonprofit · 4-year · 1,990 students · in-state tuition $39,454 · 68% graduate · median earnings $62,652 (10 yrs after entry)

Berkeley College-Woodland Park

12.7 mi away

Private for-profit · 4-year · 1,778 students · in-state tuition $30,880 · 53% graduate · median earnings $46,839 (10 yrs after entry)

Drew University

6.6 mi away

Private nonprofit · 4-year · 1,533 students · in-state tuition $49,100 · 75% graduate · median earnings $66,065 (10 yrs after entry)

Saint Elizabeth University

5.3 mi away

Private nonprofit · 4-year · 557 students · in-state tuition $37,763 · 57% graduate · median earnings $55,167 (10 yrs after entry)

Degree-granting colleges with 100+ students, placed by campus location (main campuses only — branch campuses are reported under their parent school)

Parks & Recreationclosest: Morristown National Historical Park, 9 mi

Nearby national parks, recreation areas and public libraries for Parsippany

Parsippany has 8 nearby national parks or recreation areas, closest being Morristown National Historical Park (9 mi away).

Nearby National Parks & Recreation Areas

Morristown National Historical Park

National Historical Park

9 mi away

Thomas Edison National Historical Park

National Historical Park

11 mi away

Paterson Great Falls National Historical Park

National Historical Park

13 mi away

Ellis Island Part of Statue of Liberty National Monument

Part of Statue of Liberty National Monument

23 mi away

Statue Of Liberty National Monument

National Monument

23 mi away

African Burial Ground National Monument

National Monument

24 mi away

Castle Clinton National Monument

National Monument

24 mi away

Federal Hall National Memorial

National Memorial

24 mi away

Public Libraries in Parsippany

Parsippany-Troy Hills P.L.

292 Parsippany Road, Parsippany

Central library~66 hrs/week

Cities Near Parsippany

The closest cities within 60 miles

Planning a move to Parsippany?

Read our full moving guide — what it's really like to live here.

Moving to Parsippany →

Parsippany FAQ

Is Parsippany, New Jersey affordable?⌄

Parsippany's median rent is $1,742/month, which is above the national average. The median household income is $99,405/year. Median home value is $555,400.

Is Parsippany, New Jersey safe?⌄

Parsippany's violent crime rate was 67 per 100,000 residents in 2025, which is well below the national average — one of the safer cities in the country of 329/100k that year. Property crime rate is 748 per 100,000. As with any city, crime rates vary by neighborhood.

What is the job market like in Parsippany, New Jersey?⌄

Morris County, which includes Parsippany, has an unemployment rate of 4.4%, which is close to the national average of 4.3%.

What is the cost of living in Parsippany, New Jersey?⌄

The cost of living in Parsippany is primarily driven by housing. Median rent is $1,742/month and median household income is $99,405/year. The median home value is $555,400. About 38% of renters spend more than 30% of their income on housing.

How is the commute in Parsippany, New Jersey?⌄

The average commute in Parsippany is 28 minutes, which is about average compared to the national average of 26 minutes.

Data from the US Census Bureau, BLS, FBI, NOAA, EPA, Zillow Research and other public sources. Where our data comes from