2025 Compare Cities Economy:
Parsippany-Troy Hills, NJ vs New Providence, NJ

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Highlights
- Household income in New Providence, is 51% more than it is in Parsippany-Troy Hills and is 56% above the National Average.
- Parsippany-Troy Hills unemployment rate is 5.9%.
- New Providence unemployment rate is 8.0%.
 Parsippany-Troy Hills, NJNew Providence, NJUnited States
 Unemployment Rate  Unlock8.0%6.0%
 Recent Job Growth  Unlock-0.7%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$155,370$69,021
 Family Median Income$134,073  Unlock$85,028
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 Est. Households By Income
 Parsippany-Troy Hills, NJNew Providence, NJUnited States
 Income Less Than 15K  Unlock1.6%9.4%
 Income between 15K and 20K1.9%  Unlock3.8%
 Income between 20K and 30K  Unlock3.9%8.1%
 Income between 30K and 40K4.1%  Unlock8.0%
 Income between 40K and 50K  Unlock3.1%7.6%
 Income between 50K and 60K4.0%  Unlock7.2%
 Income between 60K and 75K  Unlock7.0%9.6%
 Income between 75K and 100K17.6%  Unlock12.8%
 Income between 100K and 150K  Unlock17.4%16.3%
 Income between 150K and 200K13.2%  Unlock7.8%
 Income greater than 200K  Unlock35.8%9.5%
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 Population By Occupation
 Parsippany-Troy Hills, NJNew Providence, NJUnited States
 Management, business, finance24.2%  Unlock16.4%
 Engineering, computers, science  Unlock12.5%6.5%
 Community, social services1.6%  Unlock1.8%
 Legal  Unlock4.0%1.2%
 Education, library6.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock5.6%2.0%
 Healthcare practitioners and technology5.4%  Unlock6.2%
 Healthcare support  Unlock0.9%3.3%
 Firefighters, law enforcement0.8%  Unlock2.1%
 Food preparation, serving  Unlock2.1%5.4%
 Building maintenance2.6%  Unlock3.6%
 Personal care  Unlock2.7%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  Unlock3.8%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 New Providence    3 Reviews

Highest in the nation. Escape if you  More

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Over 16 years ago

New Providence, once an adorable, comfortable, quiet town is turning for the  More

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Over 17 years ago

We moved to New Providence last summer and it is one of the nicest places I have lived. Quiet, safe with great schools and great surrounding towns. It borders Chatham  More

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