Cost of Living in Parsippany, NJ
Overall index: 135 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 155 | +55% | $1,212 |
| Transportation | 104 | +4% | $3.50 |
| Food | 137 | +37% | $562 |
| Utilities | 128 | +28% | $279 |
| Healthcare | 128 | +28% | $202 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Parsippany?
A single adult living comfortably in Parsippany, NJ needs approximately $47,250 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Parsippany, NJ?
The overall cost of living in Parsippany, NJ is 35% higher than the US national average (index: 135 where 100 = national average).
How much is rent in Parsippany, NJ?
Average rent for a 1-bedroom apartment in Parsippany, NJ is about $1,212/month.
Is Parsippany, NJ expensive to live in?
Yes, Parsippany, NJ is considered expensive (index above national average).
What salary do I need to live in Parsippany, NJ?
A single adult needs roughly $47,250/year to cover basic living costs in Parsippany, NJ.