Housing costs in Parsippany?
A typical home costs
$553,300, which is 63.6% more expensive than the national average of
$338,100 and 28.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Parsippany costs
$1,860 per month, which is 30.1% more than the national average of
$1,430 and 8.1% more than the state average of
$1,710.
Can I afford Parsippany?
To live comfortably in Parsippany (zip 07054), New Jersey, a minimum annual income of
$105,840 for a family, and
$62,000 for a single person is recommended.
What does A.I. say about Parsippany?
Parsippany, NJ is an expensive place to live. According to BestPlaces, the average cost of living in 07054 Parsippany, NJ is 148% higher than the United States average and the median home cost is over $500,000. The upper-end of Parsippany homes can reach prices well into the millions. Transportation costs are also high as a car is essential for getting around town due to unreliable public transportation. Overall, living in Parsippany can be very costly but also very rewarding with its diverse culture and community.