Parsippany CDP, New Jersey Demographics & Population 2026

Population Overview

Parsippany CDP is a small city located in New Jersey. The total population is 21,869. It ranks as the 50th most populous out of 700 cities and towns in New Jersey.

Age Demographics

The median age in Parsippany CDP is 41.4 years. This is 3% higher than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Parsippany CDP is $102,152. This is 1% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 30% higher. The poverty rate stands at 5.9%. This is 40% lower than the state poverty rate of 9.8%. The unemployment rate is 5.4%. This is 12% lower than the state rate of 6.2%. The median home value is $540,800. Housing costs are 26% higher than the state median of $427,600. The home-value-to-income ratio is 5.3x. 49.3% of occupied housing units are owner-occupied. This homeownership rate is 23% lower than the state average of 63.7%.

Race & Ethnicity

The largest racial or ethnic group in Parsippany CDP is Asian, making up 45.3% of the population. White (non-Hispanic) residents account for 40.3%. The Black or African American population (3.7%) is well below the state average of 12.3%. The Hispanic or Latino population (8.7%) is well below the state average of 21.9%. The Asian population is significantly higher than the state average (45.3% vs 9.8%).

Education

60.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 40% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.4%. Notably, 23.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Parsippany CDP, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.