Parsippany vs Summit
Side-by-side comparison
How does Parsippany, NJ compare to Summit, NJ? Parsippany has a population of 21,869 with a median household income of $102,152, while Summit has 22,512 residents and a median income of $199,107. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Parsippany, NJ | Summit, NJ | Difference |
|---|---|---|---|
| Population | 21,869 | 22,512 | -2.9% |
| Median Age | 41.4 | 40.6 | +2.0% |
| Foreign Born % | 44.2% | 17.4% | +154.0% |
| Metric | Parsippany | Summit | Difference |
|---|---|---|---|
| Median Income | $102,152 | $199,107 | -48.7% |
| Unemployment | 5.4% | 4.3% | +25.6% |
| Poverty Rate | 5.9% | 3.9% | +51.3% |
| Bachelor's+ | 60% | 72.7% | -17.5% |
| Metric | Parsippany | Summit | Difference |
|---|---|---|---|
| Home Value | $540,800 | $969,900 | -44.2% |
| Median Rent | $1732/mo | $2308/mo | -25.0% |
| Housing Units | 9,331 | 8,603 | +8.5% |