How many renters in Parsippany-Troy Hills Township, NJ pay more than 30% of their income on rent?

Name: Rent burden in Parsippany-Troy Hills Township, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

34.6% (±4.8 points) of renting households in Parsippany-Troy Hills Township, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

28.2% spend 35% or more.

The median renting household spends 24.1% of its income on rent.

Figures last updated on November 12, 2026.

Paying 30% or more: 34.6% (±4.8 points)
Paying 35% or more: 28.2% (±4.5 points)
Median share of income: 24.1% (±1.3 points)

Rent as a share of income in Parsippany-Troy Hills Township

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rent	Parsippany-Troy Hills Township	Morris County	New Jersey	United States
Less than 15%	15.9% (±3.6 points)	12.5%	12.2%	12.6%
15% to 19.9%	18.2% (±5.0 points)	13.6%	12.3%	12.2%
20% to 24.9%	19.5% (±5.3 points)	16.7%	12.6%	12.6%
25% to 29.9%	11.9% (±3.2 points)	11.9%	11.4%	11.5%
30% to 34.9%	6.4% (±1.8 points)	6.8%	8.9%	9.2%
35% or more	28.2% (±4.5 points)	38.4%	42.7%	41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Parsippany-Troy Hills Township against Morris County, its state and the nation

Estimate (90% margin of error)
	Parsippany-Troy Hills Township	Morris County	New Jersey	United States
Paying 30% or more	34.6% (±4.8 points)	45.2% (±2.3 points)	51.6% (±0.4 points)	51.1%
Paying 35% or more	28.2% (±4.5 points)	38.4% (±2.1 points)	42.7% (±0.4 points)	41.9%
Median share of income	24.1% (±1.3 points)	28.0% (±0.9 points)	30.9% (±0.3 points)	30.6%
Median renter household income	$92,584 (±$6,739)	$79,949 (±$4,109)	$62,674 (±$718)	$52,966
Median gross rent	$1,736 (±$42)	$1,904 (±$30)	$1,720 (±$7)	$1,413

In Parsippany-Troy Hills Township, the share of renters paying 30% or more of income is lower than in Morris County (45.2%).

It is also lower than in New Jersey (51.6%).

It is lower than the national figure (51.1%).

In Morris County, Parsippany-Troy Hills Township ranks 34 of 39 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 489 of 560.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Parsippany-Troy Hills Township

Nearest places with a published estimate, compared with Parsippany-Troy Hills Township
Place	Distance	Renters paying 30% or more of income	Compared with this place
Parsippany-Troy Hills Township	—	34.6% (±4.8 points)	—
Mountain Lakes Borough	2.4 mi	47.8% (±71.5 points)	Not measurably different
Whippany	2.5 mi	57.6% (±20.2 points)	Higher
Hanover Township	2.8 mi	48.1% (±19.0 points)	Not measurably different
Morris Plains Borough	3.0 mi	45.7% (±16.6 points)	Not measurably different
Boonton Town	3.2 mi	53.4% (±14.5 points)	Higher
Cedar Knolls	3.3 mi	41.3% (±29.2 points)	Not measurably different
Denville Township	3.9 mi	56.8% (±20.1 points)	Higher
Pine Brook	4.2 mi	28.4% (±14.9 points)	Not measurably different

Nearby places with a measurably higher figure: Whippany, NJ (57.6%), Boonton Town, NJ (53.4%), Denville Township, NJ (56.8%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Morris County, place by place

Rank	Place	Renters paying 30% or more of income
28	Chatham Borough	41.3% (±14.3 points)
29	Rockaway Borough	38.8% (±20.8 points)
30	Boonton Township	38.6% (±45.3 points)
31	Rockaway Township	37.6% (±12.5 points)
32	Morristown Town	37.4% (±5.6 points)
33	Mendham Borough	36.6% (±24.1 points)
34	Parsippany-Troy Hills Township	34.6% (±4.8 points)
35	Montville Township	33.8% (±13.7 points)
36	Lincoln Park Borough	32.1% (±13.3 points)
37	East Hanover Township	29.7% (±29.6 points)
38	Kinnelon Borough	27.3% (±24.2 points)
39	Mendham Township	13.4% (±44.9 points)

Showing 12 of 39 places in Morris County, ranked from highest to lowest.

The figures for Parsippany-Troy Hills Township include the places inside it that have pages of their own: Lake Hiawatha, Mount Tabor, Parsippany, Rainbow Lakes, Troy Hills.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Parsippany-Troy Hills Township

Are renters in Parsippany-Troy Hills Township rent-burdened?

34.6% of renting households in Parsippany-Troy Hills Township pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Parsippany-Troy Hills Township spend on rent?

The median renting household in Parsippany-Troy Hills Township, NJ spends 24.1% (±1.3 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Parsippany-Troy Hills township, Morris County, New Jersey (county subdivision:56460, in state:34 county:027).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.