Parsippany, NJ โ€” City Data, Demographics & Statistics

Morris County ยท New Jersey

๐Ÿงฌ

City DNA

A unique fingerprint for Parsippany based on 8 key metrics โ€” compared to averages.

PopulationIncomeHome ValueSafetyEducationMedian AgeClimateCost of Living
Parsippany
National Avg
New Jersey Avg
Population: 63Income: 68Home Value: 54Safety: 50Education: 65Median Age: 69Climate: 50Cost of Living: 91

Quick Stats

Population

21,869

2023 ACS

Median Income

$102,152

2023

Median Home Value

$540,800

2023

Median Rent

$1,732

2023

Median Age

41.4

Unemployment

5.4%

Cost of Living Index

181.2

100 = national avg

Parsippany is a city in Morris County, New Jersey, with a population of 21,869 according to the 2023 American Community Survey. Parsippany is one of the communities in New Jersey.

The median household income in Parsippany is $102,152, and the median home value is $540,800. The cost of living index is 181.2 (where 100 = national average), and the median rent is $1,732 per month. The unemployment rate is 5.4%, and the median age is 41.4 years.

People & Demographics

Source: U.S. Census Bureau ACS (2023)

Population

Total Population

21,869

Male

10,693

48.9%

Female

11,176

51.1%

Median Age

41.4

Education & Household

Bachelor's or Higher

45.7%

High School or Higher

58.3%

Foreign Born

44.3%

Veterans

1.9%

Married

53.9%

Avg Household Size

2.4

Marital Status by Age

Race & Ethnicity

Diversity Index

0.596

Simpson's Index (0-1)

Largest Group

Asian

45.5%

Foreign Born

44.3%

White
43.0%
Black
3.9%
Asian
45.5%
Native American
0.3%
Two or More
5.1%
Other
2.2%

Hispanic/Latino Ethnicity

Hispanic/Latino is an ethnicity, not a race. People of any race can identify as Hispanic. This percentage overlaps with the racial categories above.

Hispanic/Latino

8.7%

1,894 people

Not Hispanic/Latino

91.3%

Hispanic/Latino Detail

Source: U.S. Census Bureau ACS (2023)
Mexican
92 (4.9%)
Puerto Rican
367 (19.4%)
Cuban
70 (3.7%)
Dominican
227 (12.0%)
Salvadoran
68 (3.6%)
Guatemalan
122 (6.4%)
Colombian
358 (18.9%)
Honduran
54 (2.9%)
Ecuadorian
93 (4.9%)
Peruvian
111 (5.9%)
Other Hispanic
332 (17.5%)

Asian Detail

Source: U.S. Census Bureau ACS (2023)
Asian Indian
7,215 (72.6%)
Chinese
1,447 (14.6%)
Filipino
398 (4.0%)
Vietnamese
127 (1.3%)
Korean
169 (1.7%)
Japanese
6 (0.1%)
Pakistani
268 (2.7%)
Cambodian
17 (0.2%)
Thai
32 (0.3%)
Taiwanese
144 (1.4%)
Other Asian
120 (1.2%)

American Indian & Alaska Native Detail

Source: U.S. Census Bureau ACS (2023)
Other Native American
65 (98.5%)

Languages Spoken

Total Speakers (5+)

20,896

English Only

48.7%

#1 Non-English Language

Other Indo-European

4,919 speakers

Limited English

18.0%

Language Distribution

Other Indo-European
4,919 (23.5%)
Other Asian
1,888 (9.0%)
Chinese
1,327 (6.4%)
Spanish
1,205 (5.8%)
Slavic Languages
427 (2.0%)
Other Languages
277 (1.3%)
Tagalog
210 (1.0%)
Korean
150 (0.7%)
Vietnamese
102 (0.5%)
French/Haitian/Cajun
101 (0.5%)

English Proficiency

Speaks English Very Well

82.0%

Limited English Proficiency

18.0%

Other Indo-European
38.6% limited English
Other Asian
16.3% limited English
Chinese
58.5% limited English
Spanish
30.2% limited English
Slavic Languages
35.4% limited English
Other Languages
10.5% limited English
Tagalog
7.6% limited English
Korean
32.0% limited English
Vietnamese
41.2% limited English
French/Haitian/Cajun
29.7% limited English

Veterans & Military

Total Veterans

423

1.9% of population

Disability Rate

15.4%

65 with disability

Veteran Median Income

$46,944

Period of Service

Gulf War (2001+)
13.2%
Gulf War (1990-2001)
10.9%
Vietnam
31.0%
Korea
15.1%
World War II
2.4%

Veteran Age Distribution

18-34
7.8%
35-54
7.1%
55-64
5.9%
65-74
14.7%
75+
64.5%

Male Veterans

386

91.3%

Female Veterans

37

8.7%

Veteran vs Non-Veteran Income

Veteran Income

$46,944

Non-Veteran Income

$58,789

Difference

-$11,845

-20.1% lower

Disability Status

With Disability

65

Without Disability

358

Disability Rate

15.4%

Ancestry & Heritage

Total Reporting Ancestry

11,432

#1 Ancestry

Italian

14.9% (3,268)

#2 Ancestry

Irish

10.0% (2,179)

#3 Ancestry

German

7.1% (1,556)

Top 20 Ancestries

Source: U.S. Census Bureau ACS (2023)
Italian
14.9%
Irish
10.0%
German
7.1%
Polish
4.4%
American
2.8%
English
2.4%
Russian
2.0%
Sub-Saharan African
1.9%
Arab
1.0%
West Indian
0.9%
Slovak
0.6%
Ukrainian
0.5%
Hungarian
0.4%
Czech
0.4%
Dutch
0.4%
Greek
0.3%
Afghan
0.3%
Portuguese
0.3%
French
0.3%
Scottish
0.2%

Families & Households

Total Households

9,021

Family Households

6,046

67.0%

Married Couples

5,204

57.7%

Non-Family Households

2,975

33.0%

Single Mother Households

518

5.7%

Single Father Households

324

3.6%

Living Alone

2,529

28.0%

Children Under 18

Total Children

3,638

In Married Couple

3,235

88.9%

With Single Mother

335

9.2%

With Single Father

68

1.9%

Family Income

Median Family Income

$130,949

Married Couple Income

$136,230

Single Mother Income

$89,028

Single Father Income

$94,630

Avg Family Size

2.4

Avg Non-Family Size

1.9

Grandparents w/ Grandchildren

319

Grandparents Responsible

47

Economy

Source: U.S. Census Bureau ACS (2023)

Income Overview

Median Household Income

$102,152

+40% vs national

Per Capita Income

$55,467

+49% vs national

Poverty Rate

5.9%

-57% vs national

Gini Index

0.4306

0 = perfect equality

Unemployment

5.4%

+4% vs national

SNAP Recipients

7.4%

of households

How Parsippany Compares

Parsippany vs Similar Cities

Compared to cities with 10,000 - 25,000 residents. Parsippany is highlighted.

Median Household Income

Per Capita Income

Poverty Rate

Unemployment Rate

๐Ÿ“Š

Where Do You Stack Up?

Enter your household income to see how you compare to other households in Parsippany. The median household income here is $102,152.

$

Income Distribution

<$25K
11.5%
$25-50K
9.3%
$50-75K
12.1%
$75-100K
15.0%
$100-150K
20.2%
$150-200K
11.3%
$200K+
20.7%

Employment Snapshot

Unemployment Rate

5.4%

-5% vs NJ avg

Labor Force

12,625

Employed

11,944

How People Get to Work

Employment by Sector

Education & Workforce

Bachelor's Degree+

45.7%

of adults 25+

High School Diploma+

58.3%

of adults 25+

Median Age

41.4

Work from Home

16.2%

of workers

Cost of Living

Overall Index

181.2

100 = national avg

+81.2 vs national average

Living Wage (1 Adult)

$79,737

per year

Living Wage (Family of 4)

$188,469

per year

Cost Index by Category

Housing
252.0
Food
128.1
Transportation
156.2
Healthcare
122.5
Utilities
147.2

100 = national average. Higher = more expensive.

Fair Market Rent

Source: HUD

1 Bedroom

$1,822

per month

2 Bedroom

$2,205

per month

The median household income in Parsippany, NJ is $102,152, which is 39.5% above the national average of $73,224. Per capita income is $55,467. The poverty rate of 5.9% is lower than the NJ state average of 7.7%. The Gini index of income inequality is 0.4306, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 5.4%, compared to the state average of 5.7%. The labor force is 12,625. 45.7% of adults hold a bachelor's degree or higher. About 69.1% of workers drive alone to work. The overall cost of living index is 181.2, which is 81.2% above the national average. Housing costs are above the national average at an index of 252.0. A single adult needs to earn approximately $79,737 per year to cover basic expenses.

Housing & Real Estate

Market SnapshotRedfin โ€” January 2026

Median Sale Price

$770,500

Median List Price

$640,000

Price Per Sq Ft

$393

Days on Market

63

Active Inventory

10

Months of Supply

1.4

Seller's market

Zillow Rent Index

$2,700

ZORI โ€” January 2026

Market CompetitivenessRedfin

Sold Above List

57.1%

Off Market in 2 Weeks

20.0%

Sale-to-List Ratio

105.5%

Seller's market

Sold Above Asking
57.1%
Under Contract in 2 Wks
20.0%
Listings with Price Drops
20.0%

Price TrendsRedfin

Sale Price โ†‘ 13.0%List Price โ†‘ 6.8%Mar 24 โ†’ Jan 26

Market ActivityRedfin

Homes Sold

7

New Listings

8

Pending Sales

5

Homes Sold โ†“ 22.2%New Listings โ†‘ 14.3%Pending โ†“ 54.5%Mar 24 โ†’ Jan 26

Price Per Square FootRedfin

Median Sale $/SF

$393

Median List $/SF

$348

Sale $/SF โ†‘ 19.1%List $/SF โ†‘ 6.1%Mar 24 โ†’ Jan 26

Parsippany vs Similar CitiesCensus ACS / Redfin

Compared to cities with 10,000 - 25,000 residents. Parsippany is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing DataU.S. Census Bureau ACS 2023

Median Home Value

$540,800

Median Rent

$1,732

Total Housing Units

9,331

Vacancy Rate

3.3%

Owner Occupied

49.3%

Renter Occupied

50.7%

Median Property Tax

$10,001

per year

Monthly Cost (w/ Mortgage)

$2,444

Housing Types

Single Family
51.3%
Multi-Family
48.6%
Mobile Home
0.1%

Property TaxU.S. Census Bureau ACS 2023

Median Property Tax

$10,001

per year

Effective Tax Rate

1.85%

of home value

Median Home Value

$540,800

Estimated Mean Tax

$10,605

The effective property tax rate is calculated by dividing the median annual property tax ($10,001) by the median home value ($540,800). In Parsippany, NJ, this works out to an effective rate of 1.85%. This is above the national average of approximately 1.1%.

The current median sale price in Parsippany, NJ is $770,500 according to Redfin data. Homes spend a median of 63 days on the market. 57.1% of homes sold above asking price. The market has 1.4 months of supply. The median price per square foot is $393. Zillow's observed rent index is $2,700/month. About 49.3% of housing units are owner-occupied. The median year homes were built is 1968. There are 9,331 total housing units. Homeowners pay a median annual property tax of $10,001. The effective tax rate is 1.85%, above the national average.

Crime data is not yet available for Parsippany. The FBI UCR/NIBRS program does not cover all jurisdictions.

Natural Hazard Risk

Source: FEMA National Risk Index

Risk Score

92.9

Relatively Moderate

Expected Annual Loss

95.8

Score (0-100)

Social Vulnerability

10.6

Score (0-100)

Community Resilience

89.5

Score (0-100)

Scores range from 0 (lowest risk) to 100 (highest risk) relative to all U.S. communities. Data from FEMA National Risk Index.

Disaster History & Federal Spending

Source: FEMA

Total Declarations

33

Public Assistance

$65.1M

Individual Assistance

$41.2M

Most Common Type

Hurricane

10 declarations

Public Assistance by Category

Total: $140.7M
DisasterTypeDatePA $IA $
Remnants of Hurricane Ida โ†’HurricaneSep 2021$1.5M$7.4M
Remnants of Hurricane Ida โ†’HurricaneSep 2021โ€”โ€”
Severe Winter Storm and Snowstorm โ†’SnowstormApr 2021$4.9Mโ€”
Tropical Storm Isaias โ†’HurricaneDec 2020$3.9Mโ€”
Covid-19 Pandemic โ†’BiologicalMar 2020$8.6M$11.4M
Covid-19 โ†’BiologicalMar 2020โ€”โ€”
Severe Winter Storm and Snowstorm โ†’Severe StormJun 2018$7.2Mโ€”
Severe Winter Storm and Snowstorm โ†’Severe StormMar 2016$2.6Mโ€”
Hurricane Sandy โ†’HurricaneOct 2012$14.1M$577K
Hurricane Sandy โ†’HurricaneOct 2012โ€”โ€”
Severe Storm โ†’Severe StormNov 2011$4.0Mโ€”
Hurricane Irene โ†’HurricaneAug 2011$15.3M$19.3M
Hurricane Irene โ†’HurricaneAug 2011โ€”โ€”
Severe Winter Storm and Snowstorm โ†’SnowstormFeb 2011$1.9Mโ€”
Severe Storms and Flooding โ†’Severe StormApr 2010$1.0M$1.3M
Severe Storms and Inland and Coastal Floโ€ฆ โ†’Severe StormApr 2007โ€”$1.0M
Hurricane Katrina Evacuation โ†’HurricaneSep 2005โ€”โ€”
Severe Storms and Flooding โ†’Severe StormApr 2005โ€”$207K
Snow โ†’SnowstormMar 2003โ€”โ€”
Fires and Explosions โ†’FireSep 2001โ€”โ€”

Showing 20 of 35 disasters

PA = FEMA Public Assistance (infrastructure recovery). IA = Individual Assistance (homeowner/renter aid).

Flood Insurance (NFIP)

Source: FEMA NFIP

Total Claims

9,459

Total Claims Paid

$201,033,559

Avg Claim Payout

$21,253

County-level NFIP data from FEMA National Flood Insurance Program.

Hazard Mitigation

Source: FEMA Hazard Mitigation Assistance

Mitigation Projects

47

Federal Funding

$39,675,705

Properties Protected

219

Avg Benefit-Cost Ratio

1.82

BCR

Top Mitigation Project Types

Project TypeProjectsFederal $
601.2: Generators - Regular; 602.1: Other Equipment Purchase and Installation16$1,837,955
601.2: Generators - Regular9$453,235
601.1: Generators; 602.1: Other Equipment Purchase and Installation4$243,945
200.1: Acquisition of Private Real Property (Structures and Land) - Riverine4$11,498,379
91.1: Local Multihazard Mitigation Plan3$183,661

Federally funded projects to reduce future disaster risk. Only includes completed or obligated projects.

Parsippany has a relatively moderate overall natural hazard risk rating according to FEMA's National Risk Index. The top hazard risks are strong wind, winter weather, cold wave. The area has had 33 federal disaster declarations. The most common disaster type is hurricane (10 declarations). 9,459 flood insurance claims have been filed in the area. FEMA has obligated $65,079,451 in public assistance recovery funding. $41,229,430 has been distributed in individual assistance to disaster-affected residents. 47 hazard mitigation projects have been funded to reduce future risk.

Health

Community Health

Source: CDC PLACES

Obesity Rate

18.8%

17.3pp below the national average

Depression Rate

12.3%

11.2pp below the national average

Diabetes Rate

9.6%

2.3pp below the national average

Uninsured Rate

7.5%

3.1pp below the national average

Health Scorecard

Higher scores indicate better health outcomes relative to the national average (50 = average)

Health Outcomes

Age-adjusted prevalence rates. Green bars indicate rates below the national average; red indicates above.

High Cholesterol

40.1%

Arthritis

18.4%

Cancer (excl. skin)

6.9%

Teeth Lost (65+)

6.5%

Health Risk Behaviors

Prevention & Screening

Green bars indicate rates above the national average (more preventive care); red indicates below.

Mental Health & Wellbeing

Frequent Mental Distress

11.7%

14+ days in past month

Depression

12.3%

Loneliness

32.7%

Lack of Support

25.0%

Disability Prevalence

Any Disability

19.2%

Mobility

8.3%

Cognitive

8.6%

Hearing

5.0%

Vision

3.4%

Self-Care

2.2%

Independent Living

4.7%

Health-Related Social Needs

Prevalence of social risk factors affecting community health

Parsippany has an obesity rate of 18.8%, which is 17.3pp below the national average. The depression rate is 12.3%, 11.2pp below the national average. About 7.5% of adults lack health insurance. 78.3% of residents had an annual checkup in the past year.

Nearby Hospitals

Source: CMS Hospital Compare

Nearest Hospitals

5

With Emergency Services

3

Avg CMS Rating

3.7 / 5

Nearest Hospital

3.9 mi

Greystone Park Psychiatric Hos...

Loading mapโ€ฆ
HospitalDistanceTypeRatingER
Greystone Park Psychiatric Hospital3.9 miPsychiatricโ€”โ€”
Chilton Medical Center9.0 miAcute Care Hospitals4/5Yes
Overlook Medical Center10.6 miAcute Care Hospitals4/5Yes
Summit Oaks Hospital10.6 miPsychiatricโ€”โ€”
Va New Jersey Health Care System12.6 miAcute Care - Veterans Administration3/5Yes

Climate & Environment

Water Systems

Source: EPA SDWIS

Water Systems

2

Pop. Served

50,640

Violations (5yr)

0

No violations

System NamePop. ServedViolations (5yr)
PARSIPPANY-TROY HILLS WATER DEPARTMENT50,4000
ROLLING HILLS CONDMINIUM ASSOCIATION2400

There are 2 water systems serving the area.

Infrastructure

Commute Overview2023 ACS

Drive Alone

69.1%

-12% vs national

Public Transit

3.4%

+277% vs national

Work From Home

16.2%

+75% vs national

Carpool

9.2%

Walk / Bike

1.2%

combined

How Parsippany's Commute ComparesCensus ACS 2023

How People Get to WorkCensus ACS 2023

Commute Mode BreakdownCensus ACS 2023

Traffic Fatalities

Source: NHTSA FARS (2023)

Fatalities

5

2023

6-Year Avg

3

fatalities/yr

Pedestrian

1

Nighttime

4

dark conditions

YearCrashesFatalitiesAlcoholPedestrianCyclist
202355010
202211000
202133010
202011000
201946300
201833100

Data from NHTSA Fatality Analysis Reporting System (FARS). Includes only crashes involving at least one fatality.

Commute data for Parsippany, NJ covers travel times and transportation modes. 69.1% of workers drive alone, compared to the national average of 78.7%. 16.2% work from home, which is above the NJ state average of 12.2%. Public transit is used by 3.4% of commuters, compared to the national average of 0.9%. 9.2% of workers carpool. 0.6% commute by bicycle. In 2023, there were 5 traffic fatalities from 5 fatal crashes. 1 was a pedestrian.

Internet & Broadband Access

Source: Census ACS

Broadband Access

93.4%

of households

Cable / Fiber / DSL

83.3%

of households

No Internet

5.6%

of households

Total Households

9,021

Internet Subscription Types

Cable, Fiber, or DSL
83.3%
Cellular Data Plan
88.0%
Satellite
2.0%
Cellular Only (no wired)
9.4%
No Internet Access
5.6%

Device Ownership

Source: Census ACS

Has Computer

94.4%

of households

Smartphone

89.3%

of households

Desktop / Laptop

83.6%

of households

Tablet

67.8%

of households

Any Computing Device
94.4%
Smartphone
89.3%
Desktop / Laptop
83.6%
Tablet
67.8%
Smartphone Only
5.5%
No Computer
5.6%

Percentage of households with each device type. Data from the U.S. Census Bureau ACS (2023 5-year estimates, tables B28001 & B28002).

Electricity Rates

Source: U.S. Energy Information Administration (2024)

Residential Rate

19.3ยข

per kWh

+1% vs 10,000 - 25,000 avg

Commercial Rate

14.6ยข

per kWh

-5% vs 10,000 - 25,000 avg

Industrial Rate

11.9ยข

per kWh

+0% vs 10,000 - 25,000 avg

Avg Monthly Bill

$128

residential

-13% vs 10,000 - 25,000 avg

13% above the national average of 17.1ยข/kWh

Residential electricity in New Jersey averages 19.3ยข per kWh, compared to the national average of 17.1ยข. The average monthly electric bill is $128. State-level averages from EIA Electric Sales & Revenue data (2024).

Parsippany vs Similar Cities

Source: EIA (2024)

Comparing electricity rates with randomly selected cities of similar population (10,000 - 25,000). Each city represents its state's average rate.

Residential Rate (ยข/kWh)

Commercial Rate (ยข/kWh)

Industrial Rate (ยข/kWh)

Average Monthly Bill

Water Systems

Source: EPA SDWIS

Water Systems

2

Population Served

50,640

Violations (5yr)

0

System NameTypeSourcePop. ServedViolations
PARSIPPANY-TROY HILLS WATER DEPARTMENTCommunityPurchased surface water50,4000
ROLLING HILLS CONDMINIUM ASSOCIATIONCommunityGround water2400

93.4% of households in Parsippany have broadband internet access. 83.3% have cable, fiber, or DSL service. 9.4% rely solely on cellular data without a wired connection. 5.6% of households have no internet access. 5.5% use only a smartphone without a desktop or laptop. The area is served by 2 water systems, providing water to 50,640 people. No water quality violations have been reported in the past 5 years.

Politics & Government

County-level data: Election results are reported at the county level. Parsippany is located in Morris County, NJ. Results reflect all voters in the county, not just those in Parsippany.

Election Overview

Source: Morris County (2024)

2024 Winner

Republican

Dem Votes

135,672

47.7%

GOP Votes

143,439

50.4%

Total Votes

284,666

Margin

R+2.7%

Shift from 2020

R+7.0pp

vs prior election

๐Ÿ“ŠElection Results by Year
2016โ€“2024
๐Ÿ“ˆPartisan Lean Trend
R+2.7%

Election History

Source: County-Level Election Results
YearDem VotesGOP VotesTotalDem %GOP %Margin
2024135,672143,439284,66647.7%50.4%R+2.7
2020153,881141,134300,91751.1%46.9%D+4.2
2016114,437125,376248,84846.0%50.4%R+4.4

In the 2024 presidential election, Morris County recorded 284,666 total votes. Republicans won the county with 50.4% of the vote compared to 47.7% for Democrats, a margin of R+2.7%. Compared to 2020, the margin shifted R+7.0pp from the previous election. Since 2016, Morris County has shifted 1.7 percentage points toward Democrats.

Nonprofits Overview

Source: IRS Exempt Organizations BMF

Total Nonprofits

197

Total Assets

$461.7M

Total Income

$411.0M

Per 10K Residents

90.1

nonprofits

+35.9% vs peers avg

Orgs with >$1M Assets

28

Median Assets

$197K

Oldest Active

1946

ruling year

Newest Org

2026

ruling year

Nonprofits by Category

Source: IRS / NTEE Classification
Philanthropy
33
Education
23
Religion
23
Arts & Culture
13
Human Services
13
Recreation & Sports
10
Mental Health
6
Housing & Shelter
6
Youth Development
6
Health Care
5
International
4
Public Safety
3
Voluntary Health
2
Public Benefit
2
Animal-Related
1
Medical Research
1
Civil Rights
1
Unknown
1
87.8%of all nonprofit assets are held by the 10 largest organizations

Top 10 hold $405.3M of $461.7M total

Nonprofit Size Distribution

Source: IRS Exempt Organizations BMF

Number of nonprofits by total asset size

When Were Nonprofits Founded?

Source: IRS Ruling Date

Number of currently active nonprofits by founding decade

Nonprofits per 10K Residents vs Similar Cities

Source: IRS BMF + Census ACS

Compared to cities with population 10,000 - 25,000

Largest Nonprofits in Parsippany

Source: IRS Exempt Organizations BMF
OrganizationCategoryAssetsIncomeEst.IRS
HESS FOUNDATION INCโ€”$219.2M$53.7M1957
TEVA CARES FOUNDATIONHealth Care$116.3M$288.8M2010
THE UKRAINIAN NATIONAL FOUNDATION INCInternational$21.5M$12.0M1996
ZOETIS FOUNDATION INCPhilanthropy$11.2M$12021
COMMUNITY HOPE INCHuman Services$7.9M$15.0M1985
CANAL SOCIETY OF NEW JERSEYโ€”$7.0M$294K1975
PIERSON FAMILY FOUNDATION INCโ€”$6.7M$9.8M1987
COMMUNITY HOPE FOUNDATION INCHuman Services$5.2M$2.7M2016
ISLAMIC BURIAL SERVICES ASSOCIATIONReligion$5.2M$557K2013
KALTENBACHER FAMILY FOUNDATION INCโ€”$5.1M$559K1997
H HERBERT MYERS MEMORIAL FOUNDATIONโ€”$3.9M$968K1965
THE KLEIN FOUNDTION INCโ€”$3.6M$840K1990
KEAN FOUNDATION INCPhilanthropy$3.4M$2.3M2001
ST ELIZABETH NURSERY & MONTESSORI SCHOOL INCโ€”$3.3M$2.7M1946
JAMES & VIRGINIA WELCH FOUNDATIONPhilanthropy$3.2M$384K1997
THE WATERVIEW FOUNDATION INCPhilanthropy$3.0M$986K2001
ISRAEL SPORTS EXCHANGE INCYouth Development$2.9M$1.0M1996
CENTER FOR EVALUATION AND COUNSELING INCMental Health$2.5M$3.7M1995
EDMOND N & VIRGINIA MORIARTY CHARITABLE FOUNDATION INCPhilanthropy$2.4M$1.7M2000
MARKS FOUNDATION TR 071901Philanthropy$2.2M$184K2002
JOHN J FLEMM FOUNDATION INCโ€”$2.2M$426K1974
DELTA DENTAL ENDOWMENT ASSOCIATION OF NEW JERSEY INCHealth Care$2.0M$437K1992
INDIAN COMMUNITY CENTER CORPReligion$1.9M$366K1987
THE MARGARET AND DANIEL RANZMAN FOUNDATION INCPhilanthropy$1.9M$760K1987
POLICE ATHLETIC LEAGUE OF PARSIPPANY TROY HILLSYouth Development$1.7M$892K1966
PARSIPPANY SOCCER CLUB INCโ€”$1.5M$1.4M1978
WESTERHOFF FAMILY FOUNDATION INCPhilanthropy$1.5M$25K1999
LILIAN AND LEONARD JACOBER FAMILY FOUNDATION INCPhilanthropy$1.1M$38K2006
GRACE RICHARDSON STETSON FUNDMedical Research$980K$53K2007
SHREE SIDDHI-DHAM MADIR INCReligion$963K$102K1998
COHNREZNICK FOUNDATION INCPhilanthropy$919K$592K2000
SECURITAS FOUNDATION USA INCPhilanthropy$694K$113K2021
WIJERAMA FAMILY FOUNDATION INCPhilanthropy$663K$37K2017
ALBERTO AND MARIA T LUZARRAGA CHARITABLE TRโ€”$663K$523K1994
PARSIPPANY VOLUNTEER AMBULANCE INCโ€”$591K$320K1983
UNITED UNION OF ROOFERS WATERPROOFERS AND ALLIED WORKERSโ€”$566K$383K1994
CHEERFUL HEART MISSION INCHealth Care$514K$317K2014
CONFRERIE DE LA CHAINE DES ROTISSEURS FOUNDATION INCEducation$509K$108K2008
PARSIPPANY CHILD DAY CARE CENTER INCHuman Services$495K$1.0M1970
SOMMER FAMILY FOUNDATION INCPhilanthropy$388K$83K2015
JOSEPH & YETTA WEISBERGER FUND FOR THE AGED POOR AND NEEDYโ€”$381K$6K1965
JAMES & VEDNA WELCH FOUNDATIONโ€”$368K$21K1964
WINFIELD FOUNDATION TR UA 12301998Philanthropy$366K$162K1999
ISKCON OF BERGEN COUNTY INCReligion$359K$159K2019
MENEMSHA FUND INCโ€”$351K$200K1987
WALL STREET TAX EDUCATIONAL CORPORATIONโ€”$253K$196K1993
ISLAMIC CENTER OF LAKE HIAWATHA A NJ NONPROFIT CORPORATIONReligion$205K$66K2011
MORRIS CHINESE ACADEMY A NJNONPROFIT CORPORATIONArts & Culture$190K$177K2007
PARSIPPANY TROY HILLS FIRE ASSOCIAT IONPublic Safety$150K$54K1985
LINCOLN FOUNDATION FOR EDUCATION INCEducation$132K$203K2017

Parsippany, NJ has 197 registered 501(c)(3) nonprofit organizations with combined assets of $461.7M. The most common category is Philanthropy & Grantmaking, with 33 organizations. 28 nonprofits have assets exceeding $1 million. That works out to 90.1 nonprofits per 10,000 residents. The oldest active nonprofit dates back to 1946.

SBA Lending Overview

Source: SBA FOIA Loan-Level Data

Total SBA Loans

293

Total Approved

$129.7M

Jobs Supported

3,310

Per 10K Residents

134.0

SBA loans

+5.2% vs peers avg

Unique Lenders

63

Top Lender

TD Bank, National Association

40 loans

Top Industry

Professional & Technical Services

Data Span

1992โ€“2026

Loan Program Breakdown

Source: SBA FOIA
7(a)97% of all loans

Loans

284

Total Amount

$120.4M

Avg Loan

$423,871

Median Loan

$150,000

SBA Guaranteed

$88.1M(73%)

Jobs Supported

3,180

5043% of all loans

Loans

9

Total Amount

$9.3M

Avg Loan

$1,031,889

Median Loan

$896,000

7(a) โ€” 97%504 โ€” 3%

Recent Activity (Last 5 Years)

Source: SBA FOIA

Recent Loans

42

14% of all-time total

Recent Amount

$30.9M

24% of all-time total

Avg Recent Loan

$734,802

Top Industries Funded

Source: SBA FOIA / NAICS Codes
Professional & Technical Services54 loans
NAICS 54
$19.6M
Accommodation & Food Services32 loans
NAICS 72
$22.0M
Other Services23 loans
NAICS 81
$4.8M
Health Care & Social Assistance20 loans
NAICS 62
$12.9M
Manufacturing20 loans
NAICS 32
$16.8M

SBA Loans per 10K Residents vs Similar Cities

Source: SBA FOIA + Census ACS

Compared to cities with population 10,000 - 25,000

Top SBA Borrowers

Source: SBA FOIA
BusinessLoansAmount
Shree Meldi Krupa Llc3$4.8M
Agadia Systems Inc.1$4.7M
Jiyaan Hospitality Inc1$4.1M
Statewide Striping Corporation4$4.0M
Caggiano Orthodontics Llc1$3.8M
Romes Urgent Care Services Llc2$3.6M
L & M Architectural Graphics Inc.1$3.4M
Wine Amphorae Wines & Liquors Llc1$3.4M
Dunkin Donuts4$3.1M
Point of Care Network Llc2$3.0M

Parsippany, NJ has received 293 SBA loans totaling $129.7M in approved funding between 1992 and 2026. The 7(a) program accounts for 284 loans (97% of the total), supporting 3,180 jobs. The 504 program, focused on real estate and large equipment, has funded 9 loans totaling $9.3M. The most common industry receiving SBA funding is Professional & Technical Services. The most active SBA lender in Parsippany is TD Bank, National Association with 40 loans. That works out to 134.0 SBA loans per 10,000 residents.

ZIP Code Overview

Source: Census ACS

ZIP Codes

39

Total Population

531,590

Avg Median Income

-$68,238,099

Avg Home Value

-$67,793,753

ZIP Code Details

Source: Census ACS
ZIP CodePopulationMedian IncomeHome ValueMedian RentArea (sq mi)
070047,712$113,750$651,800$2,57610.1
0700515,240$126,411$565,900$1,77918.3
0700626,417$148,645$667,300$1,9739.3
0700913,317$153,654$600,800$1,6934.3
070212,320$250,001$976,300$3,5011.4
0703410,406$101,500$402,500$1,4261.3
0703511,085$117,929$422,700$1,8246.7
0703931,128$218,416$746,100$2,95313.8
0704414,441$159,044$595,000$2,1252.8
0704510,206$179,279$647,200$3,5016.6
070464,535$250,001$915,100$2,9412.7
0705248,323$131,456$527,200$1,79112.0
0705430,139$107,955$569,000$1,72513.8
070585,933$147,207$686,300$2,3603.0
070686,211$160,644$640,600$3,2933.6
0707814,183$250,001$1,627,300$3,3638.0
070825,688$194,464$686,800$2,7266.1
0740517,859$127,500$552,500$1,52619.8
074404,810$147,976$514,600$9811.6
0744410,766$113,661$488,200$3,2975.2
0780126,725$78,053$369,400$1,74712.9
078033,993$113,861$377,800$1,8732.9
0783418,203$162,644$552,300$1,70711.6
0784252N/AN/AN/A0.3
0786622,632$123,828$434,200$1,60423.0
0786925,919$170,862$636,400$1,77220.1
07878712$113,875$436,000N/A0.1
0792672N/AN/AN/A0.3
079274,754$166,077$610,100$2,8022.1
0792819,667$236,000$965,800$2,4419.3
0793211,498$147,009$719,400$3,0096.7
07935597$104,519$690,300$2,8702.6
0793611,106$144,792$668,500$2,7457.9
0794017,675$168,520$883,200$2,2484.9
0795021,576$148,469$571,300$2,5499.1
0796046,178$149,462$701,100$2,17334.6
07961342N/AN/AN/A0.2
07970262N/AN/AN/A0.3
079818,908$153,329$611,300$2,6196.0

Parsippany, NJ has 39 ZIP codes with a combined population of 531,590. The average median household income across all ZIP codes is -$68,238,099. The average median home value is -$67,793,753. The average median monthly rent is -$85,468,047.

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