Population 29,075 · Census ACS 2020–24
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Population and households in Parsippany
Household size in Parsippany
| Period | Parsippany | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.65 | 2.79 | 2.77 | 2.68 |
| 2010–14 | 2.69 | 2.85 | 2.82 | 2.73 |
| 2015–19 | 2.69 | 2.82 | 2.78 | 2.71 |
| 2020–24 | 2.55 | 2.79 | 2.76 | 2.65 |
| Change | −0.11 | −0.00 | −0.01 | −0.03 |
Households in Parsippany run a little small, averaging 2.55 people against 2.65 nationally, which usually means more singles and couples and fewer children. Since 2006–10, household size has dropped from 2.65, a much bigger shift than nationally. Households are largest in the south and smallest in the north.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Parsippany
| Period | Parsippany | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 40.6 | 38.0 | 39.1 | 37.7 |
| 2010–14 | 40.4 | 38.7 | 40.0 | 38.6 |
| 2015–19 | 42.0 | 39.8 | 41.0 | 39.6 |
| 2020–24 | 44.6 | 40.4 | 40.9 | 40.1 |
| Change | +4.0 | +2.4 | +1.8 | +2.3 |
Parsippany skews older: half of its residents are older than 44.6, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families. Since 2006–10, the median age has climbed from 40.6, mirroring the country.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Parsippany
| Period | Parsippany | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.5% | 13.1% | 11.6% | 12.3% |
| 2010–14 | 5.9% | 12.8% | 11.8% | 12.3% |
| 2015–19 | 5.3% | 11.4% | 10.8% | 11.6% |
| 2020–24 | 3.6% | 11.6% | 11.3% | 11.6% |
| Change | −1.9 pts | −1.5 pts | −0.4 pts | −0.6 pts |
Single parents head only 3.6% of households in Parsippany, well below the national share of 11.6%. The single-parent share is down 1.9 points from 2006–10, as it has nationally. Only 30 of the 415 New Jersey cities with 5,000+ people have a lower share of single-parent households.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Parsippany
Renters in Parsippany
| Period | Parsippany | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 43.1% | 47.1% | 33.1% | 33.3% |
| 2010–14 | 43.8% | 48.7% | 35.0% | 35.6% |
| 2015–19 | 47.7% | 48.8% | 36.1% | 36.0% |
| 2020–24 | 47.7% | 48.6% | 36.2% | 34.8% |
| Change | +4.6 pts | +1.5 pts | +3.1 pts | +1.5 pts |
Renting is far more common in Parsippany than nationally: 47.7% of households rent their homes, against 34.8%. More than a third of owners (37.2%) have paid off their mortgages, about the same as nationally. Rentals cluster in the north; owners are most common in the southwest. The renter share is up 4.6 points from 2006–10, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Parsippany
| Period | Parsippany | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.5% | 9.1% | 9.1% | 11.4% |
| 2010–14 | 5.8% | 9.0% | 9.3% | 11.4% |
| 2015–19 | 4.9% | 9.1% | 9.3% | 11.1% |
| 2020–24 | 3.5% | 7.9% | 6.6% | 9.6% |
| Change | −2.0 pts | −1.2 pts | −2.5 pts | −1.8 pts |
Empty homes are scarce in Parsippany: just 3.5% sit vacant, compared with 9.6% nationally, a sign of a tight housing market. Vacancy is down 2.0 points from 2006–10, in line with the national trend.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Parsippany
| Period | Parsippany | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 1969 | 1957 | 1965 | 1974 |
| 2010–14 | 1972 | 1958 | 1966 | 1975 |
| 2015–19 | 1971 | 1959 | 1967 | 1977 |
| 2020–24 | 1971 | 1962 | 1969 | 1980 |
| Change | +2 | +5 | +5 | +6 |
The housing in Parsippany is old by national standards: the median home dates to 1971, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates. Still, homes here are newer than in the wider New York area, where the median home dates to 1962. The newest homes are mostly in the southeast, the oldest in the west.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Parsippany
| Period | Parsippany | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,270 | $1,268 | $1,246 | $965 |
| 2010–14 | $1,210 | $1,377 | $1,324 | $1,040 |
| 2015–19 | $1,990 | $1,645 | $1,522 | $1,213 |
| 2020–24 | $1,936 | $2,060 | $1,896 | $1,571 |
| Change | +$666 | +$792 | +$651 | +$606 |
The median renter in Parsippany pays $1,936 a month for rent and utilities, well above the national median of $1,571. Even so, rents here are lower than in the New York area overall ($2,060). Rent has climbed $666 a month since 2006–10, up 52%, a slower climb than the nation's. Rent takes 26.4% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Parsippany
Bachelor's degrees in Parsippany
| Period | Parsippany | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 49.4% | 35.0% | 34.7% | 28.4% |
| 2010–14 | 51.9% | 36.7% | 36.4% | 29.6% |
| 2015–19 | 58.5% | 39.9% | 39.6% | 32.1% |
| 2020–24 | 61.0% | 43.6% | 43.4% | 35.6% |
| Change | +11.6 pts | +8.6 pts | +8.6 pts | +7.2 pts |
College graduates are unusually common in Parsippany: 61.0% of adults 25 and older have a bachelor's degree or higher, against 35.6% nationally. Education tends to track local incomes and the kinds of jobs nearby. The share with a degree is up 11.6 points from 2006–10, in line with the national trend.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Parsippany
| Period | Parsippany | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 91.9% | 83.7% | 87.0% | 84.9% |
| 2010–14 | 92.1% | 84.6% | 88.1% | 86.1% |
| 2015–19 | 93.6% | 86.2% | 89.5% | 87.7% |
| 2020–24 | 92.1% | 86.9% | 90.2% | 89.3% |
| Change | +0.2 pts | +3.3 pts | +3.2 pts | +4.3 pts |
About nine in ten adults in Parsippany have finished high school (92.1%), a bit above the national rate of 89.3%. Compared with other New Jersey cities, though, Parsippany has a lower share of high school graduates than most.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Parsippany
| Period | Parsippany | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.4% | 7.9% | 7.9% | 8.1% |
| 2010–14 | 7.8% | 9.5% | 9.8% | 9.4% |
| 2015–19 | 4.9% | 5.7% | 5.6% | 5.6% |
| 2020–24 | 5.4% | 6.9% | 6.4% | 5.4% |
| Change | −0.0 pts | −0.9 pts | −1.5 pts | −2.7 pts |
Unemployment in Parsippany is the same as the national rate: 5.4% of the labor force. The rate is lower than in the New York area overall (6.9%). Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Parsippany compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Parsippany | 2.55 | 44.6 | 3.6% | 47.7% | 3.5% | 1971 | $1,936 | 61.0% | 92.1% | 5.4% |
| Lake Hiawatha | 2.47 | 42.3 | 10.0% | 40.7% | 2.2% | 1964 | $1,573 | 50.1% | 93.1% | 3.0% |
| Mountain Lakes | 3.23 | 42.8 | 4.6% | 5.5% | 5.4% | 1948 | $3,397 | 83.8% | 99.1% | 2.6% |
| Whippany | 2.54 | 50.1 | 5.0% | 12.9% | 1.4% | 1974 | $2,656 | 57.6% | 97.3% | 3.3% |
| Boonton | 2.62 | 42.6 | 4.2% | 26.9% | 6.8% | 1962 | $1,837 | 57.8% | 96.5% | 6.4% |
| Pine Brook | 2.62 | 39.7 | 4.9% | 39.4% | 2.6% | 1974 | $2,326 | 61.3% | 97.4% | 4.6% |
| Cedar Knolls | 2.60 | 45.2 | 3.6% | 38.5% | 3.0% | 1979 | $2,783 | 53.5% | 91.4% | 1.9% |
| Mount Tabor | 2.51 | 51.6 | 3.4% | 6.1% | 1.7% | 1955 | $2,071 | 53.4% | 98.1% | 1.7% |
| Montville | 2.69 | 48.0 | 3.9% | 5.8% | 3.9% | 1983 | $2,690 | 71.1% | 97.6% | 4.7% |
| Morris Plains | 2.57 | 44.2 | 3.5% | 26.1% | 3.7% | 1969 | $2,509 | 67.0% | 96.1% | 5.5% |
| East Hanover | 2.88 | 45.6 | 2.4% | 9.7% | 2.8% | 1974 | $2,695 | 59.3% | 96.4% | 4.2% |
All figures 2020–24.
Cities with similar populations: Bonney Lake, WA · Bartow, FL · Batavia, OH · Mustang, OK · Mint Hill, NC · Oak Park, MI · Oak Ridge, FL · Okemos, MI · Pataskala, OH · Pewaukee, WI
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Parsippany. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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