Parsippany-Troy Hills, NJ demographics:
population, income, and more

Total population
55,626
0.1% year-over-year change
Median household income
$116,445/yr
2.3% year-over-year change
Housing units
23,166
1.2% year-over-year change

Parsippany-Troy Hills population

How many people live in Parsippany-Troy Hills

Parsippany-Troy Hills is home to 55,626 residents, according to the most recent Census data. Gender-wise, 50.5% of Parsippany-Troy Hills locals are male, and 49.5% are female.

Total population
55,626
0.1% year-over-year change
Gender ratio
Male
50.5%
28,101
Female
49.5%
27,526
Value Percent YoY change
Male 28,101 50.5% 2.1%
Female 27,526 49.5% -1.9%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Parsippany-Troy Hills is 42, with the population distributed as follows: about 14.8% are children under 15, then 10.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 29.4% of the population, while another 26.5% fall into the 45 to 64 bracket. Finally, around 18.6% are 65 or older.

Median age
41.8
Age breakdown
Under 15
14.8%
15 to 24
10.6%
25 to 44
29.4%
45 to 64
26.5%
Over 65
18.6%
Value Percent YoY change
Under 15 8,247 14.8% -0.9%
15 to 24 5,871 10.6% -4.9%
25 to 44 16,374 29.4% 4.0%
45 to 64 14,757 26.5% -3.9%
Over 65 10,377 18.6% 4.2%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Parsippany-Troy Hills, 63% of the population are US-born citizens, while 21.6% have gained naturalized citizenship. At the same time, 15.4% of residents are non-citizens. As for race, 50.2% of locals are Caucasian, 3.5% are African American and 35.1% have Asian roots. There’s also a share of 8.4% that includes residents with two or more races.

Citizenship
U.S.-born citizens
63%
Non-U.S.-born citizens
21.6%
Non-citizens
15.4%
Value Percent YoY change
U.S.-born citizens 35,025 63% -0.8%
Non-U.S.-born citizens 12,014 21.6% 3.3%
Non-citizens 8,587 15.4% -0.5%
Racial breakdown
White
50.2%
Black or African American
3.5%
American Indian and Alaska Native
0.2%
Asian
35.1%
Native Hawaiian and other Pacific Islander
0%
Two or more races
8.4%
Other
2.5%
Value Percent
White 27,942 50.2%
Black or African American 1,950 3.5%
American Indian and Alaska Native 107 0.2%
Asian 19,536 35.1%
Two or more races 4,680 8.4%
Other 1,411 2.5%

Households in Parsippany-Troy Hills

A peek inside Parsippany-Troy Hills households

Parsippany-Troy Hills has 22,594 households, with an average of 2 members in each. Of these, 64.5% are families, while the remaining 35.5% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
22,594
1.4% year-over-year change
Average people per household
2
Non-family households
8,029
Family households
14,565
Value Percent YoY change
Non-family households 8,029 35.5% 0.8%
Family households 14,565 64.5% 1.7%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Parsippany-Troy Hills

The housing landscape of Parsippany-Troy Hills

Parsippany-Troy Hills's housing consists of 23,166 units, with 52.9% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 5.6% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 0.1% of the housing landscape.

Housing units
23,166
1.2% year-over-year change
Housing types
Value Percent
1 unit, detached 12,259 52.9%
1 unit, attached 1,302 5.6%
2 units 932 4%
3 or 4 units 766 3.3%
5 to 9 units 1,035 4.5%
10 to 19 units 2,130 9.2%
20 to 49 units 2,149 9.3%
50 or more units 2,567 11.1%
Mobile home 27 0.1%
Homes built since 2020
86
160.6% year-over-year change

The age of buildings in Parsippany-Troy Hills

In Parsippany-Troy Hills, the median construction year is 1965. About 7.6% of homes were built before the 1940s, with another 5.4% going up by 1949. Most development happened in the second half of the 20th century. Then, 5.9% of homes were added from 2000 to 2009, 3.7% between 2010 and 2019, and 0.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 1,764 7.6% -0.7%
Built between 1940 and 1949 1,243 5.4% -4.6%
Built between 1950 and 1959 3,222 13.9% -2.4%
Built between 1960 and 1969 6,536 28.2% 7.0%
Built between 1970 and 1979 4,068 17.6% -0.7%
Built between 1980 and 1989 2,620 11.3% -4.4%
Built between 1990 and 1999 1,401 6% -0.5%
Built between 2000 and 2009 1,362 5.9% -1.4%
Built between 2010 and 2019 864 3.7% 15.1%
Built in 2020 or later 86 0.4% 160.6%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Parsippany-Troy Hills occupancy rates

Out of the 22,594 occupied housing units in Parsippany-Troy Hills, 58.4% are owner-occupied, while 41.6% are lived in by tenants. Meanwhile, 2.5% of all homes on the local market sit vacant.

Occupied housing units
22,594
1.4% year-over-year change
Occupancy breakdown
Renter occupied
9,400
Owner occupied
13,195
Value Percent YoY
change
Renter occupied 9,400 41.6% 2.5%
Owner occupied 13,195 58.4% 0.5%
Unoccupied housing units
2.5%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Parsippany-Troy Hills housing costs

Housing costs in Parsippany-Troy Hills come to a median of $2,225 per month, while tenants specifically pay a median gross rent of $1,800.

Median housing costs per month
$2,225/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Parsippany-Troy Hills
$1,800/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Parsippany-Troy Hills

Parsippany-Troy Hills education at a glance

About 20.8% of the population in Parsippany-Troy Hills went to high school, while 11.9% pursued college studies. Another 5.8% earned an associate degree and 34.2% hold a bachelor’s. Meanwhile, 24.1% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 1,404 3.1% 7.0%
High school diploma 9,461 20.8% -4.0%
College diploma 5,398 11.9% 4.7%
Associate degree 2,641 5.8% -9.5%
Bachelor's degree 15,534 34.2% -1.3%
Graduate degree 10,933 24.1% 5.7%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Parsippany-Troy Hills

How much people earn in Parsippany-Troy Hills

The average annual household income in Parsippany-Troy Hills was $143,879 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +1.8% change from the previous year. At the same time, the median income stood at $116,445, reflecting a +2.3% shift over the same period.

Average household income in Parsippany-Troy Hills
$143,879/year
1.8% year-over-year change
Median household income in Parsippany-Troy Hills
$116,445/year
2.3% year-over-year change

Parsippany-Troy Hills income by age

In Parsippany-Troy Hills, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $137,686. Those with someone between 45 and 64 in charge, often well established professionally, earn $135,442 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $93,717, while those led by someone over 65, many of whom may be retired, have about $87,852 in earnings. Overall, 95.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $93,717 2.8%
25 - 44 $137,686 2.1%
45 - 64 $135,442 2.6%
Over 65 $87,852 13.5%
Above poverty level
52,091
Below poverty level
2,627
Value Percent YoY
change
Above poverty level 52,091 95.2% -0.2%
Below poverty level 2,627 4.8% 10.4%

Employment in Parsippany-Troy Hills

Workforce and job types in Parsippany-Troy Hills

89.6% of the working population are employed in professional or administrative positions, while 10.4% are in hands-on or service-based jobs. Also, 7.4% run their own businesses, 73.4% are employed by private companies, and 12.1% work in the public sector.

Workforce demographics

White collar
27,499
Blue collar
3,191
Value Percent YoY change
White collar 27,499 89.6% -0.7%
Blue collar 3,191 10.4% 1.5%
Employer type
Self employees
7.4%
Private companies
73.4%
Governmental workers
12.1%
Not for profit companies
7.2%
Value Percent YoY change
Self employees 2,269 7.4% 4.9%
Private companies 22,522 73.4% -2.0%
Governmental workers 3,703 12.1% 1.1%
Not for profit companies 2,196 7.2% 8.2%

Transportation in Parsippany-Troy Hills

How people get around in Parsippany-Troy Hills

In Parsippany-Troy Hills, the average commute time is 73 minutes. Commuting methods vary: 94.4% of residents travel by personal vehicle and 1.4% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
73 min
65.9% year-over-year change
Means of transportation
Value Percent YoY change
Car 22,063 94.4% -3.4%
Taxicab 36 0.2% 63.6%
Bus or trolleybus 596 2.6% -5.7%
Railroad 275 1.2% -16.4%
Motorcycle 5 0% -37.5%
Bicycle 68 0.3% -1.4%
Walk 335 1.4% -23.5%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Parsippany-Troy Hills by zipcode?

Zipcode Population Number of households Median income Average income
07005 15,307 5,801 $132,629 $168,824
07034 11,018 4,510 $104,663 $130,396
07054 29,480 12,252 $104,214 $140,505
07878 766 297 $116,445 $122,696
07950 21,651 8,367 $153,762 $186,145

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FAQs about Parsippany-Troy Hills demographics 

What is the total population of Parsippany-Troy Hills?

Parsippany-Troy Hills has a total population of 55,626 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +0.1% compared to a year ago.

What is the gender ratio in Parsippany-Troy Hills?

The gender ratio in Parsippany-Troy Hills is as follows:
  • 50.5% males (28,101 residents)
  • 49.5% females (27,526 residents)

What is the median age in Parsippany-Troy Hills?

The median age in Parsippany-Troy Hills is 41.8.

What is the age distribution of the population in Parsippany-Troy Hills?

The age distribution in Parsippany-Troy Hills is as follows:
  • Under 15: 14.8% (8,247 residents)
  • Ages 15-24: 10.6% (5,871 residents)
  • Ages 25-44: 29.4% (16,374 residents)
  • Ages 45-64: 26.5% (14,757 residents)
  • Over 65: 18.6% (10,377 residents)

What is the racial and ethnic makeup of Parsippany-Troy Hills?

The racial and ethnic makeup of Parsippany-Troy Hills is as follows:
  • White: 50.2% (27,942 residents)
  • Black or African American: 3.5% (1,950 residents)
  • American Indian and Alaska Native: 0.2% (107 residents)
  • Asian: 35.1% (19,536 residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 8.4% (4,680 residents)
  • Other: 2.5% (1,411 residents)

What percentage of the population in Parsippany-Troy Hills are U.S.-born citizens?

U.S.-born citizens represent 63% of the population in Parsippany-Troy Hills.

How many housing units are there in Parsippany-Troy Hills?

There are 23,166 housing units in Parsippany-Troy Hills, reflecting a +1.2% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Parsippany-Troy Hills and what is the average household size?

Parsippany-Troy Hills has a total of 22,594 households, with an average of 2 people in each.

What is the median household income in Parsippany-Troy Hills?

Parsippany-Troy Hills has a median household income of $116,445, representing a +2.3% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Parsippany-Troy Hills?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 89.6% (27,499 residents)
  • Blue-collar workers: 10.4% (3,191 residents)

Places of employment:
  • Self-employed: 7.4% (2,269 residents)
  • Private companies: 73.4% (22,522 residents)
  • Governmental workers: 12.1% (3,703 residents)
  • Not-for-profit companies: 7.2% (2,196 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025