Florham Park vs Parsippany

A side-by-side comparison of Florham Park and Parsippany: population, income, housing, and more.

Florham Park and Parsippany are places in New Jersey. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Parsippany has the higher population (21,869 vs 13,134 in Florham Park). Florham Park has the higher median household income ($147,714 vs $102,152 in Parsippany). Florham Park has the higher median home value ($722,700 vs $540,800 in Parsippany).

Population, income & housing

	Florham Park	Parsippany
Population	13,134	21,869
Median age	39.9 yrs	41.4 yrs
Median household income	$147,714	$102,152
Median home value	$722,700	$540,800
Median gross rent	$3,009	$1,732
Housing units	4,914	9,331
Homeownership rate	69.6%	49.3%
Bachelor's degree or higher	66.3%	60.0%
Unemployment rate	4.6%	5.4%

Trends (ACS 5-year, 2019–2023)

	Florham Park	Parsippany
Population	11,623 → 13,134 (+13.0%)	20,439 → 21,869 (+7.0%)
Median household income	$128,071 → $147,714 (+15.3%)	$94,349 → $102,152 (+8.3%)
Median home value	$645,800 → $722,700 (+11.9%)	$446,000 → $540,800 (+21.3%)
Median gross rent	$2,441 → $3,009 (+23.3%)	$1,408 → $1,732 (+23.0%)

Florham Park

Population

11,62313,134

Median household income

$128,071$147,714

Median home value

$645,800$722,700

Median gross rent

$2,441$3,009

Parsippany

Population

20,43921,869

Median household income

$94,349$102,152

Median home value

$446,000$540,800

Median gross rent

$1,408$1,732

Age & race/ethnicity

Age distribution (share)

	Florham Park	Parsippany
Under 5	3.3%	4.4%
5 to 17	14.3%	12.4%
18 to 24	18.0%	7.0%
25 to 34	9.0%	14.5%
35 to 44	11.4%	16.9%
45 to 54	10.5%	10.9%
55 to 64	12.6%	14.3%
65 to 74	10.6%	9.6%
75 and over	10.4%	10.0%

Race & ethnicity (share)

	Florham Park	Parsippany
White (non-Hispanic)	66.8%	40.3%
Black or African American	9.0%	3.7%
American Indian & Alaska Native	0.1%	0.1%
Asian	10.5%	45.3%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.7%	0.2%
Two or more races	2.7%	1.8%
Hispanic or Latino	10.2%	8.7%

Educational attainment (age 25+)

Share of adults 25+

	Florham Park	Parsippany
No high school diploma	1.9%	7.6%
High school graduate	13.3%	16.6%
Some college or associate's	18.5%	15.8%
Bachelor's degree	34.8%	36.3%
Graduate or professional degree	31.5%	23.8%

Commute to work

How workers get to work (share)

	Florham Park	Parsippany
Drove alone	57.5%	69.1%
Carpooled	5.1%	9.2%
Public transit	5.3%	3.4%
Walked	4.5%	0.6%
Bicycle	0.0%	0.6%
Worked from home	26.4%	16.2%
Other means	1.2%	0.9%

Housing

Units in structure (share)

	Florham Park	Parsippany
1-unit, detached	49.7%	47.3%
1-unit, attached	13.3%	4.0%
2 to 4 units	4.5%	9.3%
5 to 19 units	16.3%	12.6%
20 or more units	16.2%	26.7%
Mobile home & other	0.0%	0.1%

Poverty & households

	Florham Park	Parsippany
Poverty rate	7.8%	5.9%
Average household size	2.50	2.42
Mean commute (minutes)	26	27
Median year structure built	1984	1968