Everything You Should Know Before Moving to Parsippany Troy Hills, NJ
Thinking about a move to Parsippany Troy Hills, NJ? This vibrant suburb of 56,162 residents features a high median household income of $108,300 and a strong educational profile, with over half the population holding a bachelor’s degree or higher. Enjoy a median home price of $468,000, average 2-bedroom rents around $1,850, and a very low violent crime rate (74 per 100K). With short 29-minute commutes, excellent schools, and a diverse community, Parsippany Troy Hills offers a safe, comfortable, and well-connected lifestyle within easy reach of North Jersey’s business and recreation hubs.
Demographics - Parsippany Troy Hills, NJ
Demographics - Parsippany Troy Hills, NJ
Parsippany Troy Hills is home to around 56,000 residents, offering a blend of cultures with significant Asian (33%) and White (53%) populations and a median age of 41. The city’s moderate population density and the fact that over one in five residents speak a language other than English contribute to a vibrant, diverse community.
Population:
56,162
Density:
2,200 per sq mi
Median Age:
41.2
Gender Ratio:
96 males per 100 females
Non-English Speakers Percentage:
21.7%
Ethnic Composition
White:
53.2%
Black:
5.5%
Asian:
33.2%
Others:
8.1%
Cost Of Living
What is the average cost of living in Parsippany Troy Hills, NJ?
Living costs in Parsippany Troy Hills are higher than the national average, with a cost of living index of 129.5 and a median home value of $468,000. Housing and transportation are the largest contributors to expenses, while utilities and healthcare remain manageable for most residents.
Median House Value:
$468,000
Gross Rent:
$1,850
Monthly Electricity Charges:
$140
Auto Insurance:
$1,820
House Owner Cost With Mortgage:
$2,350
House Owner Cost Without Mortgage:
$730
State Taxes:
Low:
1.4%
|
High:
10.75%
Cost Of Living Index:
129.5
Grocery:
120.3
Housing:
139.0
Utilities:
113.1
Transportation:
125.2
Health Care:
113.4
Miscellaneous:
110.2
Crime
Is Parsippany Troy Hills, NJ a safe place to live?
Parsippany Troy Hills boasts a notably low violent crime rate, with only 74 incidents per 100,000 residents, making it a safe choice for families and professionals. Property crime is also relatively low, so residents can enjoy peace of mind in their neighborhoods.
Violent Crimes Per 100k:
74
Property Crimes Per 100k:
978
Crime Index:
1,052
Chance Of Violent Crime:
1 in 1,350
Chance Of Property Crime:
1 in 102
Weather
What is the weather like in Parsippany Troy Hills, NJ year-round?
The city experiences all four seasons, with warm summers reaching highs of 86°F and cold winters dipping to 23°F. Parsippany Troy Hills sees about 50 inches of annual rainfall and enjoys sunshine on more than half of its days, offering residents a pleasant climate year-round.
Winter
Min:
23°F
Max:
39°F
Spring
Min:
44°F
Max:
67°F
Summer
Min:
63°F
Max:
86°F
Fall
Min:
47°F
Max:
68°F
Average Rainfall Inches:
50.1 inches
Sunny Days Percentage:
54%
Neighbors
Residents enjoy a high median household income of $108,300 and a low poverty rate of 4.7%, reflecting the area’s economic stability. The community is well-educated, with over half holding a bachelor’s degree or higher, and average commutes take just under 30 minutes.
Median Income:
$48,600
Household Income:
$108,300
Family Income:
$120,100
Per Capita Income:
$50,800
Income Male:
$59,100
Income Female:
$47,500
Poverty Rate:
4.7%
Non English Speakers:
33.9%
Rent:
$1,850
Unemployment Rate:
3.8%
Public Transport Usage:
8.5%
Commute Time:
29.4 minutes
Education
High School or Higher:
94.4%
Bachelors or More:
51.0%
Education
How are the schools in Parsippany Troy Hills, NJ?
Parsippany Troy Hills offers strong educational opportunities, with public high schools maintaining low student-teacher ratios and access to reputable private schools. Nearby colleges like County College of Morris and Fairleigh Dickinson University provide convenient options for higher education.
Public Schools
Name:
Parsippany High School
Street:
309 Baldwin Rd
Phone:
973-263-7001
Students:
870
Student Teacher Ratio:
11.7
Name:
Parsippany Hills High School
Street:
20 Rita Dr
Phone:
973-682-2815
Students:
1,080
Student Teacher Ratio:
12.3
Private Schools
Name:
All Saints Academy
Street:
189 Baldwin Rd
Phone:
973-334-4704
Students:
210
Colleges
Name:
County College of Morris
City:
Randolph
State:
NJ
Distance:
7 miles
Students:
7,500
Name:
Fairleigh Dickinson University
City:
Florham Park
State:
NJ
Distance:
10 miles
Students:
8,500
Healthcare
Quality healthcare is readily accessible, with major hospitals like Saint Clare's Denville and Morristown Medical Center nearby, and nearly 95% of residents have health insurance coverage. The area benefits from a strong physician presence, ensuring timely medical care.
Major Hospitals
Name:
Saint Clare's Denville Hospital
Address:
25 Pocono Rd, Denville, NJ 07834
Phone:
(973) 625-6000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Morristown Medical Center
Address:
100 Madison Ave, Morristown, NJ 07960
Phone:
(973) 971-5000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
3.0
Health Insurance Coverage:
94.1%
Health Care Index:
76.9
Housing Market
What is the housing market like in Parsippany Troy Hills, NJ?
The housing market in Parsippany Troy Hills is competitive, with a median home price of $468,000 and a solid owner-occupancy rate of 66%. Home values have risen by over 6% in the past year, indicating a healthy and stable real estate environment.
Median Home Price:
$468,000
Average Rent For 2 Bedroom:
$1,850
Owner Occupied Rate:
65.9%
Rental Vacancy Rate:
4.3%
Home Appreciation Rate (1yr):
6.1%
New Construction Rate:
2.3%
Foreclosure Rate:
0.4%
DMV Information
Residents can access essential motor vehicle services through the New Jersey Motor Vehicle Commission located in nearby Randolph, providing convenient registration, licensing, and titling services for the community.
State:
New Jersey
Department:
New Jersey Motor Vehicle Commission
Address:
160 Canfield Ave, Randolph, NJ 07869
Phone:
1-888-486-3339
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.