Cost of living and prices in Parsippany-Troy Hills, prices of food, rent, shopping, etc. 🇺🇸
Updated Jul 2023

Parsippany-Troy Hills is a city in Northern America with a population of 71085 people. It is situated at elevation 38 meters above sea level and operates on the America/New_York time zone, GMT: -5.0.

This city is known for its robust job market consisting of major corporations and industries which offers economic stability to residents. The cost of living in Parsippany-Troy Hills is relatively high but it’s justified by the city’s high-income levels and low property tax rates compared to other cities in New Jersey.

With numerous parks and recreational places, Parsippany-Troy Hills offers a great quality of life for families and individuals. The city also boasts of top-rated public schools and a diverse community where people of all backgrounds feel welcome and safe. Additionally, the proximity of this city to New York City makes it a great place to live for anyone who works in the Big Apple but would rather reside in a suburban area for a more relaxed lifestyle.

Cost of Living Estimate in Parsippany-Troy Hills

Total cost of living in Parsippany-Troy Hills for two person with average consumption for one month will be 1167.53 USD, no rent price included. Click here to calculate cost-of-living estimate in Parsippany-Troy Hills

You can calculate cost of living in Parsippany-Troy Hills by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

Parsippany-Troy Hills, located in New Jersey, has a variety of restaurants and eating options that are sure to satisfy any palate. Whether you're in the mood for a fancy dinner or a casual lunch, this city has got you covered. There are plenty of chain restaurants and fast-food joints for those in a hurry, but there are also many local eateries that offer authentic cuisine. From Italian to Indian, the options are endless.

If you're looking for a more unique dining experience, Parsippany-Troy Hills has plenty of options for you as well. There are Japanese hibachi restaurants that entertain diners as they prepare their food right in front of them. For something even more special, try one of the city's farm-to-table restaurants that serve locally sourced ingredients. If you're in a rush, there are also food trucks that offer a variety of meals, from tacos to burgers, that are perfect for a quick bite on the go.

Meal in Inexpensive Restaurant
15.00 $
Meal for 2 People, Mid-range Restaurant, Three-course
60.00 $
McMeal at McDonalds or Alternative Combo Meal
7.00 $
Domestic Beer, 0.5 liter Draught
5.25 $
Imported Beer, 0.33 liter Bottle
6.00 $
Cappuccino
4.12 $
Coca-Cola, 0.33 liter Bottle
2.00 $

Markets prices

Market prices in Parsippany-Troy Hills, United States can be described as relatively expensive compared to other areas in New Jersey. However, this may be attributed to the high standard of living and overall quality of life in the area. With a diverse range of housing options such as townhouses, single-family homes, and apartments, the market prices may differ depending on the property type, location, and other factors. In general, though, the area's real estate market has been steady and continues to attract both buyers and renters.

Despite the higher prices, Parsippany-Troy Hills offers a wide range of amenities and services that make it an attractive option for those seeking a comfortable lifestyle. The area boasts excellent schools, top-notch medical facilities, and a variety of recreational activities that cater to both residents and visitors alike. Additionally, the town's proximity to major highways and transportation hubs makes commuting to nearby cities like Newark and New York City relatively easy. Overall, market prices in Parsippany-Troy Hills reflect the area's high quality of life and wide range of offerings, making it a desirable place to live for many.

Water, 0.33 liter Bottle
1.50 $
Milk, Regular,1 liter
0.89 $
Loaf of Fresh White Bread, 0.5 kg
2.20 $
White Rice, 1 kg
2.20 $
Eggs, 12 pack
1.67 $
Local Cheese, 1 kg
9.77 $
Chicken Breasts, Boneless and Skinless, 1 kg
6.71 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
13.22 $
Apples, 1 kg
3.74 $
Banana, 1 kg
1.43 $
Oranges, 1 kg
2.90 $
Tomato, 1 kg
3.03 $
Potato, 1 kg
1.42 $
Onion, 1 kg
1.70 $
Lettuce, 1 head
1.33 $
Water, 1.5 liter Bottle
1.26 $
Bottle of Wine, Mid-Range Price
10.00 $
Domestic Beer, 0.5 liter Bottle
1.31 $
Imported Beer, 0.33 liter Bottle
1.13 $
Pack of Cigarettes
11.00 $

Transportation prices

If you're staying in Parsippany-Troy Hills, there are plenty of convenient transportation options available. First of all, the town is home to several taxi and rideshare companies, making it easy to hail a ride whenever you need to get somewhere quickly and efficiently. Additionally, the local bus system offers a cost-effective way to explore the area or get to nearby cities and towns. If you're looking for a more independent means of transportation, consider renting a car - there are plenty of rental agencies in town where you can find a set of wheels that will take you wherever you need to go.

If you're interested in getting some exercise while exploring Parsippany-Troy Hills, why not rent a bike? There are a number of local businesses that offer bike rentals, and with bike lanes and paths throughout the town, it's easy to get around safely and conveniently. Of course, if you're looking for something a bit more traditional, you can always take advantage of the many sidewalks and walking trails throughout Parsippany-Troy Hills. Whether you prefer to explore on foot, on two wheels, by car, or by public transportation, there are plenty of options available to help you get around this charming New Jersey town.

One-way Ticket, Local Transport
1.62 $
Monthly Pass, Regular Price
40.00 $
Taxi Start, Normal Tariff
3.25 $
Taxi, price for 1 km, Normal Tariff
3.42 $
Gasoline, 1 liter
0.63 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
19,000.00 $

Utilities Per Month prices

Travelers visiting Parsippany-Troy Hills, United States should be aware of the utilities cost in the area. While different factors can affect the cost of utilities, generally speaking, the prices can be relatively high. If you plan to stay in a hotel, make sure to inquire about any additional fees that may be added to your bill, such as electric or water charges. Additionally, some Airbnb and vacation rental properties may have high utility costs that are not included in the nightly rate, so it's essential to research before booking.

With the high cost of utilities in Parsippany-Troy Hills, travelers may want to be mindful of their energy usage during their stay. While it may seem like a small thing, turning off lights and electronic devices when you leave your room or rental property can help conserve energy and reduce the cost of utilities. You can also consider using energy-efficient light bulbs or appliances to further minimize energy usage. By being conscious of your energy usage and taking steps to reduce it, you can help lower your overall utilities bill during your stay in Parsippany-Troy Hills.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
130.23 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
75.67 $

Sports And Leisure prices

If you're a sports fan, Parsippany-Troy Hills has plenty to offer. For starters, check out the local golf courses - there are several top-rated options to choose from. Want to get outdoors and enjoy some recreational activities? Try a hike in one of the many nearby parks or hit the trails on your bike. If you're a fan of team sports, Parsippany-Troy Hills has a number of organized leagues for adults and children alike. From softball to soccer to flag football, there's no shortage of options for team sports enthusiasts.

But it's not all about sports in Parsippany-Troy Hills - there are plenty of leisure activities to enjoy as well. Take a stroll through one of the town's many lakeside parks, or spend the day exploring local shops and restaurants. For those who prefer indoor activities, there are several museums and theaters in the area, providing plenty of options for art enthusiasts and theater buffs. And of course, no leisurely day would be complete without a trip to one of Parsippany-Troy Hill's many spas or wellness centers, where you can indulge in a little rest and relaxation.

Fitness Club, Monthly Fee for 1 Adult
23.33 $

Salaries And Financing prices

When it comes to salaries in Parsippany-Troy Hills, United States, it's important to note that it is typically higher than the national average. With a variety of job opportunities available in the area, many individuals find well-paying positions in industries such as healthcare, finance, and technology. Additionally, the cost of living in Parsippany-Troy Hills may be slightly higher than other cities in the United States, but the higher salaries often make up for it.

When financing in Parsippany-Troy Hills, individuals will likely find a range of options at their disposal. From large national banks to locally owned credit unions, there are numerous financial institutions in the area. Additionally, many people opt for financial advisors or wealth management services to help them plan for their financial futures. With a variety of options available, individuals can work to create a financial plan that fits their unique needs and goals.

Cinema ticket, 1 Seat
12.50 $
Average Monthly Net Salary, After Tax
3,966.67 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
4.47 %

Childcare prices

When it comes to childcare prices in Parsippany-Troy Hills, parents can expect to pay a premium for their little ones' education. Both schools and kindergartens in the area charge significant amounts for their programs and services, reflecting the high quality of education and care they provide. Parents can expect to receive personalized attention for their children, with experienced and qualified educators working tirelessly to ensure that kids get the most out of their childcare experience. Whether parents are looking for a full-day program, half-day program, or something in between, there are a range of childcare options available to suit their needs and preferences in Parsippany-Troy Hills.

With its focus on early childhood education, Parsippany-Troy Hills is an exceptional place to raise a family. The area's schools and kindergartens are dedicated to preparing children for academic and social success, with a range of programs and activities that cater to their unique needs and personalities. From small group activities to individualized instruction, children can take advantage of a wealth of resources and opportunities in Parsippany-Troy Hills. Although childcare prices in the area may be higher than average, parents can rest assured that their children will receive the best possible education and care in the hands of experienced professionals.

Private Preschool or Kindergarten, Monthly for 1 Child
1,250.00 $

Clothing And Shoes prices

Parsippany-Troy Hills has a wide variety of options for clothing and shoes, ranging from high-end designer boutiques to more affordable department stores. Shoppers can find everything from casual wear to formal attire, as well as athletic gear and footwear. Many of the popular national retailers have stores in the area, making it easy to find on-trend items without having to travel far.

In addition to the traditional brick-and-mortar stores, Parsippany-Troy Hills also has plenty of online shopping options. Many major retailers offer free shipping and easy return policies, making it convenient for those who prefer to shop from home. Whether you prefer to shop in person or online, there are plenty of options available for all types of budgets and styles.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
32.00 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
22.50 $
Pair of Running Shoes, Mid-Range Price
51.67 $
Pair of Leather Business Shoes
63.33 $

Rent Per Month prices

If you're looking for a short-term stay in Parsippany-Troy Hills, you're in luck. The options are endless, with several hotels, bed and breakfasts, and short-term apartment rentals available in the area. Depending on your preference, you can choose to stay in a cozy bed and breakfast or opt for a luxurious hotel experience. Whatever your choice may be, you can rest assured that you'll find something that suits your needs and budget.

The cost of short-term stays in Parsippany-Troy Hills varies depending on several factors such as the location, the type of accommodation, and the duration of your stay. However, with so many options available, you're bound to find something that matches your budget. Whether you're looking for a budget-friendly option or willing to splurge on a more extravagant stay, you'll find something to fit your wallet. Just be sure to book your stay well in advance to avoid any disappointments.

One bedroom apartment in city centre
1,711.67 $
One bedroom apartment outside of city centre
1,305.33 $
Three bedroom apartment in city centre
2,283.33 $
Three bedroom apartment outside of city centre
1,900.00 $

Buy Apartment prices

When it comes to buying real estate in Parsippany-Troy Hills, United States, there are various options available that cater to different needs and budgets. From cozy apartments to spacious houses, one can find a range of properties for sale in this township. The town boasts a variety of neighborhoods, each with its unique charm and character. Whether you're a young professional looking for an affordable starter home or seeking a luxurious mansion, Parsippany-Troy Hills has something for everyone.

The prices of properties in Parsippany-Troy Hills vary based on several factors, such as location, size, and amenities. While some of the neighborhoods may be more expensive than others, the town offers a diverse range of properties at different price points, making it easier for buyers to find a property that suits their budget. With the rise of new developments and the growth of the township, the real estate market in Parsippany-Troy Hills is both competitive and dynamic. Buyers need to be vigilant about the options available and stay updated on the latest trends in the market to make informed decisions.

Price per m2 to Buy Apartment in City Center
2,798.62 $
Price per m2 to Buy Apartment Outside of City Center
2,152.78 $