Morristown vs Parsippany

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

Morristown 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 20,256 in Morristown). Morristown has the higher median household income ($115,409 vs $102,152 in Parsippany). Morristown has the higher median home value ($552,800 vs $540,800 in Parsippany).

Population, income & housing

	Morristown	Parsippany
Population	20,256	21,869
Median age	34.0 yrs	41.4 yrs
Median household income	$115,409	$102,152
Median home value	$552,800	$540,800
Median gross rent	$2,171	$1,732
Housing units	9,318	9,331
Homeownership rate	36.1%	49.3%
Bachelor's degree or higher	57.5%	60.0%
Unemployment rate	5.0%	5.4%

Trends (ACS 5-year, 2019–2023)

	Morristown	Parsippany
Population	18,909 → 20,256 (+7.1%)	20,439 → 21,869 (+7.0%)
Median household income	$96,545 → $115,409 (+19.5%)	$94,349 → $102,152 (+8.3%)
Median home value	$472,000 → $552,800 (+17.1%)	$446,000 → $540,800 (+21.3%)
Median gross rent	$1,729 → $2,171 (+25.6%)	$1,408 → $1,732 (+23.0%)

Morristown

Population

18,90920,256

Median household income

$96,545$115,409

Median home value

$472,000$552,800

Median gross rent

$1,729$2,171

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)

	Morristown	Parsippany
Under 5	6.2%	4.4%
5 to 17	10.6%	12.4%
18 to 24	10.3%	7.0%
25 to 34	24.5%	14.5%
35 to 44	13.3%	16.9%
45 to 54	10.2%	10.9%
55 to 64	11.1%	14.3%
65 to 74	8.4%	9.6%
75 and over	5.5%	10.0%

Race & ethnicity (share)

	Morristown	Parsippany
White (non-Hispanic)	52.6%	40.3%
Black or African American	9.2%	3.7%
American Indian & Alaska Native	0.2%	0.1%
Asian	4.7%	45.3%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.2%
Two or more races	4.1%	1.8%
Hispanic or Latino	29.3%	8.7%

Educational attainment (age 25+)

Share of adults 25+

	Morristown	Parsippany
No high school diploma	9.6%	7.6%
High school graduate	19.0%	16.6%
Some college or associate's	13.9%	15.8%
Bachelor's degree	33.1%	36.3%
Graduate or professional degree	24.4%	23.8%

Commute to work

How workers get to work (share)

	Morristown	Parsippany
Drove alone	63.2%	69.1%
Carpooled	8.8%	9.2%
Public transit	3.1%	3.4%
Walked	6.7%	0.6%
Bicycle	0.2%	0.6%
Worked from home	16.9%	16.2%
Other means	1.2%	0.9%

Housing

Units in structure (share)

	Morristown	Parsippany
1-unit, detached	25.0%	47.3%
1-unit, attached	8.9%	4.0%
2 to 4 units	17.3%	9.3%
5 to 19 units	14.4%	12.6%
20 or more units	33.6%	26.7%
Mobile home & other	0.8%	0.1%

Poverty & households

	Morristown	Parsippany
Poverty rate	9.2%	5.9%
Average household size	2.22	2.42
Mean commute (minutes)	24	27
Median year structure built	1968	1968