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AREA INFORMATION

Parsippany, NJ

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Area Highlights

Parsippany, NJ residents have a median age of 40.3 years old, with employment highest in the administrative support and transportation industries.

23,084 Population

The population has increased by 1.3% since the year 2010.

9,206 Households

$103,131 /yr
Median Household Income

$949,495
Median Home Sale Price

26m Median Commute Time

Most people in this area drive to work.

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

40.3 Median Age

Average Household Size

2.5
persons per
household

57.1%

Married Households

Community Population By Education

Bachelors Degree 38%
Graduate Degree 23%
High School Graduate 15%
Some College 11%
Some High School 7%
Associates Degree 5%

Household Family Expenses vs National Average

29.7% of households have children

Economics

$103,131 /yr
Median Household Income
$949,495
Median Sales Price
26 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 83%
  • Work from Home 10%
  • Public Transit 5%
  • Walk or Bike 2%

Occupancy by Type

Rented 4,665 49%
Owned 4,541 48%
Vacant 318 3%

White vs Blue Collar Jobs







White Collar 89%
Blue Collar 11%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

Community Population By Ethnicity

Asian 45%
White 39%
Hispanic 10%
Other 4%
Black 3%
Native American <1%

Crime & Pollution

Crime vs National Average

Pollution vs National Average

Weather

85° July
Hottest Average Month
19° January
Coldest Average Month

Severe Weather

Average Temperature by Month

Low (°F)
High (°F)
Jan
19°
37°
Feb
20°
39°
Mar
28°
48°
Apr
38°
60°
May
47°
71°
Jun
56°
80°
Jul
61°
85°
Aug
60°
83°
Sep
52°
76°
Oct
41°
65°
Nov
33°
53°
Dec
23°
41°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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