Summit vs Parsippany
Side-by-side comparison
How does Summit, NJ compare to Parsippany, NJ? Summit has a population of 22,512 with a median household income of $199,107, while Parsippany has 21,869 residents and a median income of $102,152. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Summit, NJ | Parsippany, NJ | Difference |
|---|---|---|---|
| Population | 22,512 | 21,869 | +2.9% |
| Median Age | 40.6 | 41.4 | -1.9% |
| Foreign Born % | 17.4% | 44.2% | -60.6% |
| Metric | Summit | Parsippany | Difference |
|---|---|---|---|
| Median Income | $199,107 | $102,152 | +94.9% |
| Unemployment | 4.3% | 5.4% | -20.4% |
| Poverty Rate | 3.9% | 5.9% | -33.9% |
| Bachelor's+ | 72.7% | 60% | +21.2% |
| Metric | Summit | Parsippany | Difference |
|---|---|---|---|
| Home Value | $969,900 | $540,800 | +79.3% |
| Median Rent | $2308/mo | $1732/mo | +33.3% |
| Housing Units | 8,603 | 9,331 | -7.8% |