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Parsippany, NJ Utility & Living Guide
Parsippany–Troy Hills, commonly known as Parsippany, is a township in Morris County, in the northern portion of the U.S. state of New Jersey. As of the 2020 United States Census, the township's population was 56,162, an increase of 2,924 (+5.5%) from the 2010 census count of 53,238, which in turn ha
Monthly Utility Costs
$120/mo
$50/mo
$45/mo
$25/mo
$65/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1200/mo |
| 2 Bedrooms | $1600/mo |
| 3 Bedrooms | $2100/mo |
| Median Home Price | $320,000 |
| Property Tax Rate | 1.2% |
| Avg Childcare/mo | $1000 |
Parsippany’s housing market is competitive with a mix of single-family homes and apartments. The median home price is slightly above the national average, reflecting its desirable location.
Cost of Living
105
+5% above national average
102
98
100
$1000
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 7.5% |
| Property Tax Rate | 1.2% |
| <p>State 6.625% + County 0% + Local 0.875%</p> | |
New Jersey has a progressive income tax ranging from 1.4% to 10.75%.
Family & Relocation
50
6.5/10
$1000/mo
City Pulse
Public transit is accessible but limited; most families rely on cars. Sidewalks are well-maintained in residential areas.
- Lake Parsippany Park
- Parsippany PAL
- Knoll Country Club
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Parsippany based on your household profile.
📰 Live Local News
Residents must adhere to local zoning laws and obtain permits for home renovations. Short-term rentals are regulated.
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
Find Another City Guide
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📊 Parsippany — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs peak in winter due to heating needs. Summer sees moderate increases from air conditioning use.
🏛️ Local Tax Details
Key ZIP code level tax info: property tax millage rates vary by neighborhood, with no additional local surtaxes.
👶 Family & Stroller Friendliness
Score 7/10: good sidewalk quality, park access, but limited elevator access in transit.
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