Parsippany vs Newark
| Parsippany | Newark | |
|---|---|---|
| Population | 21,806 | 307,355 |
| Median Household Income | $99,405 | $52,060 |
| Median Home Value | $555,400 | $373,700 |
| Median Gross Rent | $1,742/mo | $1,392/mo |
| Homeownership Rate | 48.4% | 24.4% |
| Unemployment Rate | 6.2% | 11.6% |
| Bachelor's Degree or Higher | 59.8% | 19.7% |
| Median Age | 42.2 | 34.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.