2025 Compare Cities Economy:
Carmel, IN vs Parsippany-Troy Hills, NJ

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Highlights
- Household income in Parsippany-Troy Hills, is 14% less than it is in Carmel and is 33% above the National Average.
- Carmel unemployment rate is 3.0%.
- Parsippany-Troy Hills unemployment rate is 5.9%.
 Carmel, INParsippany-Troy Hills, NJUnited States
 Unemployment Rate  Unlock5.9%6.0%
 Recent Job Growth  Unlock-0.7%1.6%
 Future Job Growth43.8%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$64,078  Unlock$37,638
 Household Income  Unlock$103,217$69,021
 Family Median Income$157,200  Unlock$85,028
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 Est. Households By Income
 Carmel, INParsippany-Troy Hills, NJUnited States
 Income Less Than 15K  Unlock5.1%9.4%
 Income between 15K and 20K1.2%  Unlock3.8%
 Income between 20K and 30K  Unlock3.3%8.1%
 Income between 30K and 40K4.3%  Unlock8.0%
 Income between 40K and 50K  Unlock4.7%7.6%
 Income between 50K and 60K6.2%  Unlock7.2%
 Income between 60K and 75K  Unlock7.4%9.6%
 Income between 75K and 100K10.4%  Unlock12.8%
 Income between 100K and 150K  Unlock19.9%16.3%
 Income between 150K and 200K13.2%  Unlock7.8%
 Income greater than 200K  Unlock18.8%9.5%
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 Population By Occupation
 Carmel, INParsippany-Troy Hills, NJUnited States
 Management, business, finance28.0%  Unlock16.4%
 Engineering, computers, science  Unlock17.6%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library5.9%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.8%2.0%
 Healthcare practitioners and technology9.7%  Unlock6.2%
 Healthcare support  Unlock1.6%3.3%
 Firefighters, law enforcement0.8%  Unlock2.1%
 Food preparation, serving  Unlock3.4%5.4%
 Building maintenance1.5%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support18.7%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair2.1%  Unlock8.1%
 Production, transportation, material moving  Unlock6.2%13.1%
Reviews for Carmel    26 Reviews

I moved to Carmel from France and I lived there for 20 years. I moved to Indianapolis recently (I miss Carmel). I liked Carmel because it is clean, safe, pretty, it has  More

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This place has just about every corporate chain hotel imaginable. I come for business, and it is a nice place to do business. Carmel seems to sucking the corporate  More

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Over 10 years ago

Carmel is hands down the best place to live in  More

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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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