Parsippany, NJ Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Parsippany cost of living score
136.6
More expensive
36.6% higher
than the US average
14.0% higher
than the New Jersey average
Parsippany, New Jersey gets a BestPlaces Cost of Living score of 136.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 36.6% higher than the U.S. average and 14.0% lower than the average for New Jersey.

Parsippany, NJ

Housing costs in Parsippany?
A typical home costs $0, which is 100.0% less expensive than the national average of $338,100 and 100.0% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Parsippany costs $1,800 per month, which is 25.9% more than the national average of $1,430 and 5.0% more than the state average of $1,710.

Can I afford Parsippany?
To live comfortably in Parsippany, New Jersey, a minimum annual income of $104,040 for a family, and $60,000 for a single person is recommended.

What does A.I. say about Parsippany?
Parsippany, NJ is a great place to live with a median house value of $338,100. This is slightly higher than the US average of $300,000. Additionally, the cost of living in Parsippany, NJ is also higher than the national average cost of living which is 100. This means that living costs such as housing, food and transportation expenses will be more expensive than in other parts of the country. Living in Parsippany, NJ can be an attractive option for those who have a good salary package or those looking for a quieter and more suburban lifestyle.
   Cost of living score
     CategoriesParsippanyNew JerseyUnited States
  136.6119.8100.0
   105.8100
Health 96.9100

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Parsippany, NJ cost of living
Compare food, housing, utilities, and more in Parsippany, New Jersey to any other city in the US.