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2024 Compare Cities Economy:
Parsippany-Troy Hills, NJ vs Albany, NY

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Highlights
- Household income in Albany, is 49% less than it is in Parsippany-Troy Hills and is 31% below the National Average.
- Parsippany-Troy Hills unemployment rate is 5.9%.
- Albany unemployment rate is 7.1%.

Economy
 Parsippany-Troy Hills, NJAlbany, NYUnited States
 Unemployment Rate5.9%7.1%6.0%
 Recent Job Growth-0.7%0.5%1.6%
 Future Job Growth22.4%24.8%33.5%
 Sales Taxes6.6%8.0%6.2%
 Income Taxes5.5%6.2%4.6%
 Income per Cap.$52,266$31,969$37,638
 Household Income$103,217$52,583$69,021
 Family Median Income$134,073$72,988$85,028
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 Est. Households By Income
 Parsippany-Troy Hills, NJAlbany, NYUnited States
 Income Less Than 15K5.1%16.0%9.4%
 Income between 15K and 20K1.9%5.2%3.8%
 Income between 20K and 30K3.3%9.1%8.1%
 Income between 30K and 40K4.1%8.2%8.0%
 Income between 40K and 50K4.7%9.6%7.6%
 Income between 50K and 60K4.0%7.4%7.2%
 Income between 60K and 75K7.4%9.1%9.6%
 Income between 75K and 100K17.6%11.4%12.8%
 Income between 100K and 150K19.9%13.9%16.3%
 Income between 150K and 200K13.2%5.1%7.8%
 Income greater than 200K18.8%5.1%9.5%
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 Population By Occupation
 Parsippany-Troy Hills, NJAlbany, NYUnited States
 Management, business, finance24.2%15.1%16.4%
 Engineering, computers, science17.6%7.6%6.5%
 Community, social services1.6%3.6%1.8%
 Legal0.9%1.7%1.2%
 Education, library6.8%7.4%6.2%
 Arts, design, media, sports, entertainment2.8%2.4%2.0%
 Healthcare practitioners and technology5.4%7.3%6.2%
 Healthcare support1.6%5.6%3.3%
 Firefighters, law enforcement0.8%2.4%2.1%
 Food preparation, serving3.4%5.7%5.4%
 Building maintenance2.6%3.9%3.6%
 Personal care2.4%3.6%2.6%
 Sales, office, administrative support20.9%23.7%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair2.8%2.8%8.1%
 Production, transportation, material moving6.2%7.2%13.1%

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Reviews for Parsippany-Troy Hills    1 Reviews

Parsippany, NJ is one of the most desirable towns to live in Morris County for many reasons. -The location of Parsippany is perfect for NYC commuters -There are  More

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Reviews for Albany    56 Reviews

Over 2 years ago

I live relatively close to Albany, and I gotta say, its a great city. I think it has a lot of good places for food, good living spaces, nice jobs and offices, and I  More

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Over 4 years ago

I’ve lived just outside of Albany in Clifton Park and its always been decent for me. The town is nice and theres a lot to do. The prices are a little expensive including  More

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Over 4 years ago

Good place to retire. Walkable. Young people. Buses. Sidewalks. Feel safe here in Whitehall neighborhood. Plenty to do. Taxes in ny are high,but you get what you pay  More

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ZIPS IN PARSIPPANY-TROY HILLS, NEW JERSEY
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ZIPS IN ALBANY, NEW YORK
12203 12208 12206 12209 12210 12202 12222 12207

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