2025 Compare Cities Economy:
Parsippany-Troy Hills, NJ vs Medford, MA

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Highlights
- Household income in Medford, is 4% more than it is in Parsippany-Troy Hills and is 36% above the National Average.
- Parsippany-Troy Hills unemployment rate is 5.9%.
- Medford unemployment rate is 5.4%.
 Parsippany-Troy Hills, NJMedford, MAUnited States
 Unemployment Rate  Unlock5.4%6.0%
 Recent Job Growth  Unlock4.3%1.6%
 Future Job Growth22.4%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.1%4.6%
 Income per Cap.$52,266  Unlock$37,638
 Household Income  Unlock$107,853$69,021
 Family Median Income$134,073  Unlock$85,028
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 Est. Households By Income
 Parsippany-Troy Hills, NJMedford, MAUnited States
 Income Less Than 15K  Unlock6.4%9.4%
 Income between 15K and 20K1.9%  Unlock3.8%
 Income between 20K and 30K  Unlock4.5%8.1%
 Income between 30K and 40K4.1%  Unlock8.0%
 Income between 40K and 50K  Unlock5.1%7.6%
 Income between 50K and 60K4.0%  Unlock7.2%
 Income between 60K and 75K  Unlock6.7%9.6%
 Income between 75K and 100K17.6%  Unlock12.8%
 Income between 100K and 150K  Unlock19.8%16.3%
 Income between 150K and 200K13.2%  Unlock7.8%
 Income greater than 200K  Unlock20.0%9.5%
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 Population By Occupation
 Parsippany-Troy Hills, NJMedford, MAUnited States
 Management, business, finance24.2%  Unlock16.4%
 Engineering, computers, science  Unlock14.4%6.5%
 Community, social services1.6%  Unlock1.8%
 Legal  Unlock1.3%1.2%
 Education, library6.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.0%2.0%
 Healthcare practitioners and technology5.4%  Unlock6.2%
 Healthcare support  Unlock3.2%3.3%
 Firefighters, law enforcement0.8%  Unlock2.1%
 Food preparation, serving  Unlock4.8%5.4%
 Building maintenance2.6%  Unlock3.6%
 Personal care  Unlock2.6%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  Unlock6.1%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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Reviews for Medford    2 Reviews

Over 11 years ago

Medford is still an affordable place to live compared to the surrounding communities of Somerville, Cambridge, Winchester, and Arlington. It has easy access to highways  More

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Over 18 years ago

Quality housing still at affordable prices. A nice bedroom community 7 miles from downtown Boston with excellent access to Cape Cod and New  More

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