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ZipNumbers

New Jersey · Census place 56430

Parsippany CDP, NJ

Quick answer

Parsippany CDP has 21,869 residents, ranking #50 of 700 places in New Jersey. Median household income is $102,152, the median home is worth $540,800 and median gross rent runs $1,732 a month.

Population
21,869Parsippany CDP residents
Median household income
$102,152Past 12 months, inflation adjusted
Median home value
$540,800Owner-occupied units
Median gross rent
$1,732Rent plus utilities, monthly
Median age
41.4 yrsAll residents
Homeownership rate
49.3%Owner-occupied households

What the numbers mean in Parsippany CDP

Housing cost measured against local earnings.

A household earning the Parsippany CDP median would spend about 20.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.9% of residents and 49.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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