2025 Compare Cities Economy:
Parsippany-Troy Hills, NJ vs Margate City, NJ

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Highlights
- Household income in Margate City, is 3% more than it is in Parsippany-Troy Hills and is 35% above the National Average.
- Parsippany-Troy Hills unemployment rate is 5.9%.
- Margate City unemployment rate is 11.6%.
 Parsippany-Troy Hills, NJMargate City, NJUnited States
 Unemployment Rate  Unlock11.6%6.0%
 Recent Job Growth  Unlock2.1%1.6%
 Future Job Growth22.4%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$52,266  Unlock$37,638
 Household Income  Unlock$106,053$69,021
 Family Median Income$134,073  Unlock$85,028
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 Est. Households By Income
 Parsippany-Troy Hills, NJMargate City, NJUnited States
 Income Less Than 15K  Unlock6.5%9.4%
 Income between 15K and 20K1.9%  Unlock3.8%
 Income between 20K and 30K  Unlock6.9%8.1%
 Income between 30K and 40K4.1%  Unlock8.0%
 Income between 40K and 50K  Unlock4.3%7.6%
 Income between 50K and 60K4.0%  Unlock7.2%
 Income between 60K and 75K  Unlock6.1%9.6%
 Income between 75K and 100K17.6%  Unlock12.8%
 Income between 100K and 150K  Unlock20.8%16.3%
 Income between 150K and 200K13.2%  Unlock7.8%
 Income greater than 200K  Unlock22.3%9.5%
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 Population By Occupation
 Parsippany-Troy Hills, NJMargate City, NJUnited States
 Management, business, finance24.2%  Unlock16.4%
 Engineering, computers, science  Unlock2.7%6.5%
 Community, social services1.6%  Unlock1.8%
 Legal  Unlock5.0%1.2%
 Education, library6.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.2%2.0%
 Healthcare practitioners and technology5.4%  Unlock6.2%
 Healthcare support  Unlock0.2%3.3%
 Firefighters, law enforcement0.8%  Unlock2.1%
 Food preparation, serving  Unlock2.9%5.4%
 Building maintenance2.6%  Unlock3.6%
 Personal care  Unlock3.4%2.6%
 Sales, office, administrative support20.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair2.8%  Unlock8.1%
 Production, transportation, material moving  Unlock3.2%13.1%
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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