Smart Movers Club

    Moving to Parsippany, NJ

    Is Parsippany a good place to live?

    Watch Parsippany

    Parsippany ranks #7 of 43 New Jersey cities with 25,000+ people on the Smart Movers livability score (71/100), which weighs home affordability, unemployment, education and population growth. Population grew 0.3% in the latest Census year.

    Median home value
    $540,800
    +4.5% vs prior year
    Median rent
    $1,732
    per month
    Household income
    $102,152
    median
    Unemployment
    5.4%
    lower is better

    Cost of living in Parsippany

    The median home value in Parsippany is $540,800 and median rent is $1,732 a month, against a median household income of $102,152. Homes cost about 5.3× a year of income (under 3× is considered affordable).

    Parsippany crime rate

    City-level FBI figures vary by agency; across New Jersey the 2025 rate was 199 violent and 1,268 property crimes per 100,000 people — #39 highest of 50 states. The full report breaks down local trends.

    Moving to Parsippany, NJ

    Parsippany has about 21,869 residents, 5.4% unemployment and 36% of adults with a bachelor's degree or higher.

    Compare Parsippany with

    Parsippany vs NewarkParsippany vs Jersey CityParsippany vs PatersonParsippany vs ElizabethParsippany vs Toms RiverParsippany vs TrentonParsippany vs CliftonParsippany vs Camden

    More: Where to move in New Jersey · Best counties in New Jersey

    Sources: U.S. Census Bureau ACS 5-year estimates (2023, compared with 2022); FBI Crime Data Explorer.

    Home listings, local news, migration, schools, resources and the Smart Movers Grade & Verdict.

    See the full Smart Movers Club report