Everything You Should Know Before Moving to Parsippany, NJ
Considering a move to Parsippany, NJ? Home to 56,162 residents, this Morris County suburb offers a diverse community, strong schools (over half of adults hold a bachelor’s degree or higher), and a median home price around $495,000. The cost of living is above the national average, but crime rates are exceptionally low and commute times are reasonable at about 31 minutes. Residents enjoy access to top hospitals, plenty of sunny days, and a family-friendly environment—making Parsippany a great choice for those seeking quality living in northern New Jersey.
Demographics - Parsippany, NJ
Demographics - Parsippany, NJ
Parsippany is a vibrant suburb with a population of 56,162 and a median age of 41, reflecting a balanced, family-oriented community. The city is notably diverse, with over 32% of residents identifying as Asian and 18% speaking a language other than English at home. With an even gender ratio and a moderate population density, Parsippany appeals to those seeking both cultural richness and suburban comfort.
Population:
56,162
Density:
2,400 per sq mi
Median Age:
41.0
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
18.0%
Ethnic Composition
White:
52.1%
Black:
4.8%
Asian:
32.6%
Others:
10.5%
Cost Of Living
What is the average cost of living in Parsippany, NJ?
The cost of living in Parsippany is higher than the national average, driven by a median home value of $495,000 and average gross rent of $1,800. While utilities and transportation costs are also above average, residents benefit from quality amenities and services. State income tax rates range from 1.4% to 10.75%, which may impact budgeting for new arrivals.
Median House Value:
$495,000
Gross Rent:
$1,800
Monthly Electricity Charges:
$137
Auto Insurance:
$1,890
House Owner Cost With Mortgage:
$2,550
House Owner Cost Without Mortgage:
$780
State Taxes:
Low:
1.4%
|
High:
10.75%
Cost Of Living Index:
132.0
Grocery:
124.0
Housing:
145.8
Utilities:
114.2
Transportation:
126.0
Health Care:
112.3
Miscellaneous:
114.1
Crime
Is Parsippany, NJ a safe place to live?
Parsippany boasts a low crime rate, with just 61 violent crimes per 100,000 residents and a 1 in 1,640 chance of experiencing violent crime. Property crime is also relatively rare, making the city safe for families and individuals alike. This secure environment is a key draw for those prioritizing peace of mind.
Violent Crimes Per 100k:
61
Property Crimes Per 100k:
711
Crime Index:
772
Chance Of Violent Crime:
1 in 1,640
Chance Of Property Crime:
1 in 140
Weather
What is the weather like in Parsippany, NJ year-round?
Residents experience all four seasons, with warm summers peaking at 84°F and winters averaging lows around 23°F. The area receives about 50 inches of rainfall annually and enjoys sunny days more than half the year. This temperate climate supports a variety of outdoor activities throughout the seasons.
Winter
Min:
23°F
Max:
38°F
Spring
Min:
43°F
Max:
66°F
Summer
Min:
64°F
Max:
84°F
Fall
Min:
47°F
Max:
68°F
Average Rainfall Inches:
50.0 inches
Sunny Days Percentage:
54%
Neighbors
Parsippany’s neighbors enjoy a comfortable lifestyle with a household median income of $107,000 and a low poverty rate of 5.3%. A highly educated population—over 53% hold a bachelor’s degree or higher—contributes to a professional, community-focused atmosphere. Commute times average around 31 minutes, and public transportation is an option for nearly 8% of residents.
Median Income:
$50,200
Household Income:
$107,000
Family Income:
$120,500
Per Capita Income:
$51,600
Income Male:
$60,500
Income Female:
$51,000
Poverty Rate:
5.3%
Non English Speakers:
32.0%
Rent:
$1,800
Unemployment Rate:
3.5%
Public Transport Usage:
7.8%
Commute Time:
31.2 minutes
Education
High School or Higher:
94.1%
Bachelors or More:
53.2%
Education
How are the schools in Parsippany, NJ?
Parsippany offers strong educational opportunities, with public high schools like Parsippany High and Parsippany Hills featuring favorable student-teacher ratios around 13:1. Private school options and nearby colleges such as County College of Morris and Fairleigh Dickinson University provide additional pathways for learning. The city’s commitment to education is reflected in its highly educated adult population.
Public Schools
Name:
Parsippany High School
Street:
309 Baldwin Rd
Phone:
973-263-7001
Students:
870
Student Teacher Ratio:
13.0
Name:
Parsippany Hills High School
Street:
20 Rita Dr
Phone:
973-682-2815
Students:
1,050
Student Teacher Ratio:
12.5
Private Schools
Name:
All Saints Academy
Street:
189 Baldwin Rd
Phone:
973-334-4704
Students:
220
Colleges
Name:
County College of Morris
City:
Randolph
State:
NJ
Distance:
7 miles
Students:
8,500
Name:
Fairleigh Dickinson University
City:
Madison
State:
NJ
Distance:
6 miles
Students:
7,200
Healthcare
Residents have convenient access to major hospitals like Morristown Medical Center and Saint Clare's Hospital, both offering comprehensive emergency services. With 3.1 physicians per 1,000 residents and a high health insurance coverage rate of 94.5%, quality healthcare is readily available. The city’s healthcare index points to reliable, accessible medical services for families and individuals.
Major Hospitals
Name:
Morristown Medical Center
Address:
100 Madison Ave, Morristown, NJ 07960
Phone:
(973) 971-5000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Saint Clare's Hospital - Denville
Address:
25 Pocono Rd, Denville, NJ 07834
Phone:
(973) 625-6000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
3.1
Health Insurance Coverage:
94.5%
Health Care Index:
77.3
Housing Market
What is the housing market like in Parsippany, NJ?
Parsippany’s housing market is robust, with a median home price of $495,000 and average rent for a two-bedroom at $1,800. Nearly two-thirds of homes are owner-occupied, and the area has enjoyed a 6% appreciation in home values over the past year. Low vacancy and foreclosure rates indicate a healthy, competitive market for buyers and renters alike.
Median Home Price:
$495,000
Average Rent For 2 Bedroom:
$1,800
Owner Occupied Rate:
64.0%
Rental Vacancy Rate:
4.2%
Home Appreciation Rate (1yr):
6.0%
New Construction Rate:
2.1%
Foreclosure Rate:
0.4%
DMV Information
Vehicle and driver services in Parsippany are managed by the New Jersey Motor Vehicle Commission, headquartered in Trenton. Residents can access information, make appointments, and handle registrations online or by phone. The state DMV provides comprehensive support for new and existing drivers relocating to the area.
State:
New Jersey
Department:
New Jersey Motor Vehicle Commission
Address:
225 E. State Street, Trenton, NJ 08666
Phone:
1-609-292-6500
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.