2025 Compare Cities Economy:
Richmond, VA vs Parsippany-Troy Hills, NJ

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Highlights
- Household income in Parsippany-Troy Hills, is 88% more than it is in Richmond and is 33% above the National Average.
- Richmond unemployment rate is 7.1%.
- Parsippany-Troy Hills unemployment rate is 5.9%.
 Richmond, VAParsippany-Troy Hills, NJUnited States
 Unemployment Rate  Unlock5.9%6.0%
 Recent Job Growth  Unlock-0.7%1.6%
 Future Job Growth37.1%  Unlock33.5%
 Sales Taxes5.3%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$38,132  Unlock$37,638
 Household Income  Unlock$103,217$69,021
 Family Median Income$72,604  Unlock$85,028
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 Est. Households By Income
 Richmond, VAParsippany-Troy Hills, NJUnited States
 Income Less Than 15K  Unlock5.1%9.4%
 Income between 15K and 20K5.4%  Unlock3.8%
 Income between 20K and 30K  Unlock3.3%8.1%
 Income between 30K and 40K9.6%  Unlock8.0%
 Income between 40K and 50K  Unlock4.7%7.6%
 Income between 50K and 60K8.1%  Unlock7.2%
 Income between 60K and 75K  Unlock7.4%9.6%
 Income between 75K and 100K11.3%  Unlock12.8%
 Income between 100K and 150K  Unlock19.9%16.3%
 Income between 150K and 200K5.2%  Unlock7.8%
 Income greater than 200K  Unlock18.8%9.5%
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 Population By Occupation
 Richmond, VAParsippany-Troy Hills, NJUnited States
 Management, business, finance16.7%  Unlock16.4%
 Engineering, computers, science  Unlock17.6%6.5%
 Community, social services2.7%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library6.9%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.8%2.0%
 Healthcare practitioners and technology6.1%  Unlock6.2%
 Healthcare support  Unlock1.6%3.3%
 Firefighters, law enforcement2.7%  Unlock2.1%
 Food preparation, serving  Unlock3.4%5.4%
 Building maintenance4.0%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support19.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair6.0%  Unlock8.1%
 Production, transportation, material moving  Unlock6.2%13.1%
Reviews for Richmond    109 Reviews

Over 3 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 4 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 4 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  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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