What is a pro or con of living in Parsippany-Troy Hills, New Jerseycompared to Raleigh, North Carolina?

Median Home Cost is 26% more expensive in Parsippany-Troy Hills.

What salary do I need to live in Parsippany-Troy Hills, New Jersey copmared to Raleigh, North Carolina?

A salary of $350,000 in Raleigh, North Carolina should increase to $486,035 in Parsippany-Troy Hills, New Jersey (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

RALEIGH vs. PARSIPPANY TROY HILLS
Cost of Living Comparison

Raleigh, North Carolina vs. Parsippany-Troy Hills, New Jersey

Cost of Living Comparison

The cost of living in Parsippany-Troy Hills, New Jersey is 38.9% more expensive than Raleigh, North Carolina.

You would need a salary of $486,035 in Parsippany-Troy Hills, New Jersey to maintain the standard of living you have in Raleigh, North Carolina.

Comparison highlights

• Overall, Parsippany-Troy Hills, New Jersey is more expensive than Raleigh, North Carolina
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
26% more expensive in Parsippany-Troy Hills
than in Raleigh, North Carolina

Raleigh, NC vs. Parsippany Troy Hills, NJ

Compared to Raleigh, Parsippany Troy Hills is:

Homeowner

No Child Care, Taxes not Considered

38.9% higher

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

6.0% higher

Housing (Homeowner)

56.0% higher

Housing (Rent)

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Median Home Cost

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Utilities

4.1% higher

Commute

50.5% higher

Health

4.9% higher

Taxes

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Childcare

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Personal

21.3% higher

Cost of Food

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Raleigh, North Carolina vs. Parsippany-Troy Hills, New Jersey

Cost of Living Comparison

Comparison highlights

Raleigh, NC vs. Parsippany Troy Hills, NJ

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