Parsippany, a city located in the state of New Jersey (NJ), is home to a population of approximately 21,806 people. Parsippany boasts a median age of 40.9, with around 25.9% of its residents aged 60 or above. 2.3% of the population identifies as US Veterans. 10.9% of Parsippany residents are disabled. The city has an average household income of $102,074, while the unemployment rate stands at 5.3%, and around 5.3% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Parsippany is $518,262, with a monthly rent averaging $1,671.