ZIP Code Tabulation Area

07054

Parsippany, NJ · ACS 2020–2024

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Latest estimates

At a glance

U.S. Census Bureau American Community Survey 5-year estimates.

Total population
29,480
Median household income
$104,214
People below poverty
6.4%
Median home value
$587,000

Income

The median income of households in 07054 was $104,214. An estimated 6.2% of households had income below $10,000 a year and 22.9% had income of $200,000 or more.

Household Income in 07054 in 2020-2024

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Percent
Less than $10,000 6.2
$10,000 to $14,999 1
$15,000 to $24,999 3.6
$25,000 to $34,999 3.9
$35,000 to $49,999 4.7
$50,000 to $74,999 12.9
$75,000 to $99,999 14.7
$100,000 to $149,999 19.1
$150,000 to $199,999 11
$200,000 or more 22.9

Median Earnings for Full-Time Year-Round Workers by Sex in 07054 in 2020-2024

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Dollars
Male 92147
Female 84789

An estimated 81.5% of households received earnings. An estimated 26.6% of households received Social Security and an estimated 19.8 % of households received retirement income other than Social Security. The average income from Social Security was $25,755. These income sources are not mutually exclusive; that is, some households received income from more than one source.

Proportion of Households with Various Income Sources in 07054 in 2020-2024

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Percent
Earnings 81.5
Social Security 26.6
Retirement income 19.8
Supplemental Security Income (SSI) 3.8
Cash public assistance income 2.3

Poverty and Participation in Government Programs

In 2020-2024, 6.4 % of people were in poverty. An estimated 4.3% of children under 18 were below the poverty level, compared with 14.3% of people 65 years old and over. An estimated 4.6% of people 18 to 64 years were below the poverty level.

Poverty Rates in 07054 in 2020-2024

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Percent
People in poverty 6.4
Children under 18 years below poverty 4.3
People 65 years old and over below poverty 14.3
People 18 to 64 years below poverty 4.6

In 2020-2024, 6 % of households received SNAP (the Supplemental Nutrition Assistance Program). An estimated 15% of households that received SNAP had children under 18, and 86.7% of households that received SNAP had one or more people 60 years and over. An estimated 7.6% of all households receiving SNAP were families with a female householder and no spouse present.


Among the civilian noninstitutionalized population in 07054 in 2020-2024, 95.6% had health insurance coverage and 4.4% did not have health insurance coverage. Private coverage was 80.5% and public coverage was 24.5%, respectively. The percentage of children under the age of 19 with no health insurance coverage was 3.3%.


In 2020-2024, 07054 had a total population of 29,480 - 14,636 (49.6%) females and 14,844 (50.4%) males. The median age was 41.8 years. An estimated 17.2% of the population was under 18 years, 35.8% was 19 to 44 years, 26.2% was 45 to 64 years, and 19.7 % was 65 years and older.

Population by Age and Sex for 07054 in 2020-2024

Male Female
Under 5 620 760
5 to 9 709 700
10 to 14 748 500
15 to 19 740 611
20 to 24 844 855
25 to 29 1245 1095
30 to 34 859 1168
35 to 39 1215 1258
40 to 44 1098 911
45 to 49 1038 818
50 to 54 724 818
55 to 59 1054 1006
60 to 64 1077 1194
65 to 69 943 663
70 to 74 677 662
75 to 79 453 637
80 to 84 412 438
85 and over 388 542

Hispanic Origin and Race

For people reporting one race alone, 42.2% were White; 4.1% were Black or African American; 0.8% were American Indian and Alaska Native; 43.3% were Asian; 1.8% were Native Hawaiian and Other Pacific Islander, and 0% were Some Other Race. An estimated 7.6% reported Two or More Races. An estimated 8.9% of the people in 07054 were Hispanic or Latino. An estimated 40.5% of the people in 07054 were White alone, non-Hispanic. People of Hispanic origin may be of any race.


Households and Families

In 2020-2024, there were 12,252 households in 07054. The average household size was 2.39 people.

Married-couple households made up 54.9% of the households in 07054 while cohabiting couple households made up 5.2% of households. Female householders with no spouse or partner present were 21.1% of all households, while 18.8% of households had male householders with no spouse or partner present. Some households had one person, as 14.9% of households were male householders living alone, and 15.9% were female householders living alone, for a total of 30.8% of all households.

In 07054, 26.1% of all households had one or more people under the age of 18; 31% of all households had one or more people 65 years and over.

Types of Households in 07054 in 2020-2024

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Percent
Married-couple households 54.9
Cohabiting Couples 5.2
Male Householder
No spouse/partner present
18.8
Female Householder
No spouse/partner present
21.1

Marital Status

Among persons 15 and older, 60.3% of males and 54.9% of females were currently married.

Population 15 years and over Percent
Males
Percent
Females
Never married 30.2 27.9
Now married, except separated 60.3 54.9
Separated 1.7 1.1
Widowed 2.1 9.9
Divorced 5.7 6.1

Grandparents and Grandchildren

In 07054, 518 grandparents lived with their grandchildren under 18 years old. Of those grandparents, 14.5% were responsible for the basic needs of their grandchildren.


Nativity and Foreign-Born

In 2020-2024, an estimated 58.1% of the people living in 07054 were U.S. natives. 42.9% of the 07054 population were living in the state where they were born.

Approximately 41.9% of 07054 residents in 2020-2024 were foreign-born. 57.4% of foreign-born were naturalized U.S. citizens and an estimated 62.2 % entered the country before the year 2010.

Foreign-born residents of 07054 come from different parts of the world. The bar graph below displays the percentage of foreign-born from each world region of birth in 2020-2024 for 07054.

Region of Birth for the Foreign-Born Population in 07054 in 2020-2024

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Percent
Latin America 10.7
Asia 74.8
Europe 8.6
Africa 5.2
Northern America 0.7
Oceania 0.1

Language

Among people at least five years old living in 07054 in 2020-2024, 50.9 % spoke a language other than English at home. Spanish was spoken by 6.4% of people at least five years old; 16.5% reported that they did not speak English "very well."

Percentage of the Population 5 years and over who Speak a Language other than English in 07054 in 2020-2024

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Percent
Spanish 6.4
Other Indo-European languages 26.2
Asian and Pacific Islander languages 15.4
Other languages 2.9

Geographic Mobility

In 2020-2024, 87.6 % of the people at least one year old living in 07054 were living in the same house one year earlier.

Geographic Mobility of Residents of 07054 in 2020-2024

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Percent
Same house 87.6
Different house, same county 4.5
Different county, same state 4.7
Different state 1.6
Abroad 1.5

Education

In 2020-2024, 92.6 % of people 25 years and over had at least graduated from high school and 61.4% had a bachelor's degree or higher. An estimated 7.4% did not complete high school.

The total school enrollment in 07054 was 5,574 in 2020-2024. Nursery school enrollment was 393 and kindergarten through 12th grade enrollment was 3,606. College or graduate school enrollment was 1,575.

Educational Attainment of People in 07054 in 2020-2024

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Percent
Less than high school diploma 7.4
High school diploma or equivalency 16
Some college, no degree 10.2
Associate's degree 4.9
Bachelor's degree 34.7
Graduate or professional degree 26.8

Disability

In 07054, among the civilian noninstitutionalized population in 2020-2024, 10.5 % reported a disability. The likelihood of having a disability varied by age - from 3.1% of people under 18 years old, to 5.5% of people 18 to 64 years old, and to 33.6% of those 65 and over.


Employment Status and Type of Employer

In 07054, 65.1 % of the population 16 and over were employed; 30.7% were not currently in the labor force.

An estimated 86.3% of the people employed were private wage and salary workers; 10.4% were federal, state, or local government workers; and 3.3 % were self-employed in their own (not incorporated) business.

Class of worker Number Percent
Private wage and salary workers 14,024 86.3
Federal, state, or local government workers 1,691 10.4
Self-employed workers in own not incorporated business 535 3.3

Industries

In 2020-2024, the civilian employed population 16 years and older in 07054 worked in the following industries:

Percent by Industry in 07054 in 2020-2024

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Percent
Agriculture, forestry, fishing and hunting, and mining 0.2
Construction 3.2
Manufacturing 13.5
Wholesale trade 2.6
Retail trade 8.8
Transportation and warehousing, and utilities 4.4
Information 2.9
Finance and insurance, and real estate and rental and leasing 11.4
Professional, scientific, and management, and administrative and waste management services 21.2
Educational services, and health care and social assistance 19.6
Arts, entertainment, and recreation, and accommodation, and food services 5.3
Other Services, except public administration 4
Public administration 3.1

Occupations

Occupations for the Civilian Employed Population 16 Years and over in 07054 in 2020-2024

Civilian employed population 16 years and over Number Percent
Management, business, sciences, and arts occupations 10,154 62.5
Service occupations 1,228 7.6
Sales and office occupations 3,193 19.6
Natural resources, construction, and maintenance occupations 511 3.1
Production, transportation, and material moving occupations 1,164 7.2

Commuting to Work

An estimated 65.3% of 07054 workers drove to work alone in 2020-2024, and 8.4% carpooled. Among those who commuted to work, it took them on average 27.2 minutes to get to work.

Percent of Workers 16 and over Commuting by Mode in 07054 in 2020-2024

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Percent
Car, truck, van -- drove alone 65.3
Car, truck, van -- carpooled 8.4
Public transportation (excluding taxicab) 3.4
Walked 0.9
Other means 1.7
Worked from home 20.2

In 2020-2024, 07054 had a total of 12,607 housing units. Of these housing units, 52.2% were single-family houses either not attached to any other structure or attached to one or more structures (commonly referred to as "townhouses" or "row houses"). 47.7% of the housing units were located in multi-unit structures, or those buildings that contained two or more apartments. 0.1% were mobile homes, while any remaining housing units were classified as "other," which included boats, recreational vehicles, vans, etc.

Types of Housing Units in 07054 in 2020-2024

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Percent
Single-family houses 52.2
Apartments in multi-unit structures 47.7
Mobile homes 0.1
Boat, RV, van, etc 0

4.4% of the housing inventory was comprised of houses built since 2010, while 3.6% of the houses were first built in 1939 or earlier. The median number of rooms in all housing units in 07054 was 5 rooms, and of these housing units 47.8% had three or more bedrooms.


In 2020-2024, 07054 had 12,252 housing units that were occupied or had people living in them, while the remaining 355 were vacant. Of the occupied housing units, the percentage of these houses occupied by owners (also known as the homeownership rate) was 49.7% while renters occupied 50.3%. The average household size of owner-occupied houses was 2.96 and in renter-occupied houses it was 1.82.

4% of householders of these occupied houses had moved into their house since 2021, while 11.2% moved into their house in 1989 or earlier. Households without a vehicle available for personal use comprised 10.3% and another 13.8% had three or more vehicles available for use.

The following chart provides the primary fuel used to heat houses in 07054:

House Heating Fuel Used in 07054 in 2020-2024

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Percent
Gas 78.1
Electricity 17
Fuel oil, kerosene, etc 3.3
All other fuels 0.6
No fuel used 1

In 2020-2024, the median property value for owner-occupied houses in 07054 was $587,000.

Of the owner-occupied households, 63.6 % had a mortgage. 36.4% owned their houses "free and clear," that is without a primary mortgage or loan on the house. The median monthly housing costs for owners with a mortgage was $3,242 and for owners without a mortgage it was $1,342.

For renter-occupied houses, the median gross rent for 07054 was $1,731. Gross rent includes the monthly contract rent and any monthly payments made for electricity, gas, water and sewer, and any other fuels to heat the house.