How many renters in Parsippany, NJ pay more than 30% of their income on rent?
41.1% (±6.8 points) of renting households in Parsippany, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
32.3% spend 35% or more.
The median renting household spends 26.7% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 41.1% (±6.8 points)
- Paying 35% or more
- 32.3% (±6.1 points)
- Median share of income
- 26.7% (±2.2 points)
Rent as a share of income in Parsippany
| Share of income spent on rent | Parsippany | Morris County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 12.9% (±3.8 points) | 12.5% | 12.2% | 12.6% |
| 15% to 19.9% | 11.8% (±3.3 points) | 13.6% | 12.3% | 12.2% |
| 20% to 24.9% | 20.4% (±5.6 points) | 16.7% | 12.6% | 12.6% |
| 25% to 29.9% | 13.7% (±4.2 points) | 11.9% | 11.4% | 11.5% |
| 30% to 34.9% | 8.8% (±3.0 points) | 6.8% | 8.9% | 9.2% |
| 35% or more | 32.3% (±6.1 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 against Morris County, its state and the nation
| Parsippany | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 41.1% (±6.8 points) | 45.2% (±2.3 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 32.3% (±6.1 points) | 38.4% (±2.1 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 26.7% (±2.2 points) | 28.0% (±0.9 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $75,169 (±$5,920) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median gross rent | $1,742 (±$41) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Parsippany, the share of renters paying 30% or more of income is not measurably different from 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 ranks 16 of 27 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 164 of 237.
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
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Parsippany | — | 41.1% (±6.8 points) | — |
| Troy Hills | 1.2 mi | 33.0% (±47.6 points) | Not measurably different |
| Lake Hiawatha | 2.0 mi | 27.8% (±12.2 points) | Not measurably different |
| Rainbow Lakes | 2.3 mi | 39.8% (±24.6 points) | Not measurably different |
| Mountain Lakes Borough | 2.4 mi | 47.8% (±71.5 points) | Not measurably different |
| Boonton Town | 2.8 mi | 53.4% (±14.5 points) | Not measurably different |
| Whippany | 2.8 mi | 57.6% (±20.2 points) | Not measurably different |
| Hanover Township | 3.2 mi | 48.1% (±19.0 points) | Not measurably different |
| Mount Tabor | 3.3 mi | 0.0% (±83.4 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
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 |
|---|---|---|
| 10 | Whippany | 57.6% (±20.2 points) |
| 11 | Millington | 49.0% (±40.4 points) |
| 12 | Oak Ridge | 48.4% (±23.3 points) |
| 13 | Lake Hopatcong | 46.1% (±21.5 points) |
| 14 | Flanders | 42.4% (±14.6 points) |
| 15 | Cedar Knolls | 41.3% (±29.2 points) |
| 16 | Parsippany | 41.1% (±6.8 points) |
| 17 | Mount Hope | 40.3% (±31.5 points) |
| 18 (tie) | Budd Lake | 39.8% (±15.2 points) |
| 18 (tie) | Rainbow Lakes | 39.8% (±24.6 points) |
| 20 | Succasunna | 33.5% (±22.8 points) |
| 21 | Troy Hills | 33.0% (±47.6 points) |
| 22 | Pine Brook | 28.4% (±14.9 points) |
Showing 13 of 27 places in Morris County, ranked from highest to lowest.
Parsippany is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Parsippany-Troy Hills Township, whose figures include it.
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
Are renters in Parsippany rent-burdened?
41.1% of renting households in Parsippany 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 spend on rent?
The median renting household in Parsippany, NJ spends 26.7% (±2.2 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Parsippany CDP, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Parsippany CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Parsippany CDP, New Jersey
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 CDP, New Jersey (place:56430, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free 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.
Figures last updated on .
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