Last updated: 2024 BLS data · Page refreshed:
Parsippany has a population of 21,345 with a median age of 42.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 21,345 |
| Median Age | 42.2 |
| White | 39.0% |
| Black or African American | 5.2% |
| Asian | 45.2% |
| Hispanic or Latino | 10.4% |
The median household income in Parsippany is $99,405, which is 23.3% above the national median of $80,610. The per capita income is $57,518. The poverty rate is 6.7%.
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In Parsippany, 91.6% of residents age 25+ have a high school diploma or higher, and 59.8% hold a bachelor's degree or higher (25.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 91.6% |
| Bachelor's Degree or Higher | 59.8% |
| Graduate or Professional Degree | 25.5% |
The median home value in Parsippany is $555,400, above the national median of $303,400. The median monthly rent is $1,742. The homeownership rate is 48.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $555,400 |
| Median Monthly Rent | $1,742 |
| Homeownership Rate | 48.4% |
| Vacancy Rate | 3.2% |
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