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The total population of Parsippany-Troy Hills township is estimated to be 55,970 with 27,969 males (49.97%) and 28,001 females (50.03%). There are 32 more females than males in Parsippany-Troy Hills township.
The median household income in Parsippany-Troy Hills township was $111,568 in 2021, which marked an a decrease of 1,029(0.91%) from $112,597 in 2020. This income is 149.54% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Parsippany-Troy Hills township sees its highest median household income among householders in the age group of 45 to 64 years old, at $144,168. Overall, the median household income for the township of Parsippany-Troy Hills township stands at $111,568.
In Parsippany-Troy Hills township, the median income for all workers aged 15 years and older, regardless of work hours, was $71,022 for males and $44,640 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $97,854 for males and $84,364 for females.
In Parsippany-Troy Hills township, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $146,353, while Two or More Races households represent the opposite end with the lowest median household income of $98,111.
In 2022, the population of Parsippany-Troy Hills township was 56,163, a 0.04% decrease year-by-year from 2021. Previously, in 2021, Parsippany-Troy Hills township's population was 56,185, an increase of 0.29% compared to a population of 56,021 in 2020.
The median age in Parsippany-Troy Hills Township, New Jersey is 41.8, as per 2021 ACS 5-Year Estimates. Of the total population, 15.84% were under the age of 15, 17.43% aged 15 to 29, 49.45% aged 30 to 64, 15.28% aged 65 to 84, and 2.00% were 85 years of age and older.
Racial distribution of Parsippany-Troy Hills township population: 53.22% are White, 3.32% are Black or African American, 0.14% are American Indian and Alaska Native, 37.16% are Asian, 1.75% are some other race and 4.41% are multiracial.