Cost of living in Parsippany-Troy Hills

In Parsippany-Troy Hills, United States, a single person typically needs around $2256 per month including rent. A family of four may spend about $5497 monthly.

How expensive is Parsippany-Troy Hills compared to other cities?

Parsippany-Troy Hills is 58% more expensive overall versus the European benchmark.

How does Parsippany-Troy Hills compare to your city?

Parsippany-Troy Hills is 51% cheaper than New York City, without rent.

Rent in Parsippany-Troy Hills is, on average, 41% lower than in New York City.

What drives the cost of living in Parsippany-Troy Hills?

Who is Parsippany-Troy Hills a good fit for?

Parsippany-Troy Hills is most realistic when moving with a strong job offer or relocation package. Without high income, the housing-driven price level can be difficult to sustain.

FAQ

Why is Parsippany-Troy Hills so expensive?

The primary reason for the high cost of living in Parsippany-Troy Hills is the significant expense associated with rent and utilities. This factor greatly influences overall affordability in the area.

Is food expensive in Parsippany-Troy Hills?

Food prices in Parsippany-Troy Hills are actually 2% lower than the European benchmark. This offers some relief in the overall cost of living.

Is public transport affordable in Parsippany-Troy Hills?

Public transport costs are 4% higher than the European benchmark. This can add to the overall expenses for residents relying on transit.

Cost of living breakdown

Cost of Living, one person, including rent
2256 $
Without Rent
705 $
Rent & Utilities
1551 $
Food
467 $
Transport
78 $
Monthly Salary, after tax
7360 $
GDP per Capita
81,695 $
Freedom Index
8.39
Lifespan
77 years
Speak English
96%
Population
56.2K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 12.5 $
Dinner 54.8 $
Fast food, McDonalds or KFC 9.45 $
Beer, 0.5 L or 16 fl oz 6.04 $
Capuccino 4.51 $
Coke, 330ml 2.02 $

Compare Parsippany-Troy Hills with:

Markets

Milk, 1 L or 1 qt 1.09 $
Bread, 0.5 kg or 1 lb 4.02 $
Rice, 1 kg or 2 lb 2.65 $
Eggs, 12 pack 2.73 $
Cheese, 1 kg or 2 lb 13.2 $
Chicken Breast, 1 kg or 2 lb 6.66 $
Round Steak, 1 kg or 2 lb 16.5 $
Apples, 1 kg or 2 lb 2.84 $
Banana, 1 kg or 2 lb 1.21 $
Oranges, 1 kg or 2 lb 2.66 $
Tomato, 1 kg or 2 lb 2.73 $
Potato, 1 kg or 2.2 lb 2.22 $
Onion, 1 kg or 2.2 lb 2.21 $
Water, 1 L or 1 qt 0.33 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.39 $
Wine, 750 mL bottle 15 $
Beer, 0.5 L or 16 fl oz 1.72 $
Cigarette pack 11 $

Transportation

One-way Ticket 3.98 $
Monthly Pass 95.5 $
Gas or Petrol, 1l or 0.26 gal 0.9 $
Taxi, 8 km 21.3 $

Personal Care

Doctor Visit, private clinic 140 $
Cold medicine, for 1 week 10.5 $
Hair Shampoo, 400 ml or 12 oz. 5.94 $
Toilet paper, 4 rolls 4.44 $
Toothpaste, 1 tube 2.34 $

Utilities per Month

1 person, electricity, heating, water & garbage 110 $
Family of 4, electricity, heating, water & garbage 168 $
Internet plan, +60 Mbps 39.9 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,337 $
3 Bedroom Apartment, outside of center, 85 sq.m 2,777 $
1 Bedroom Apartment, in city center, 40 sq.m 1,655 $
3 Bedroom Apartment, in city center, 85 sq.m 3,172 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 3,031 $
Price per Square Meter to Buy House, in suburbs 2,464 $

Salaries and Financing

Average Monthly Net Salary, after tax 7,36 $
Mortgage Interest Rate, for 20 years fixed-rate 6.46%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 24.9 $
Cinema, 1 seat 12 $
Haircut 22.4 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 94.2 $
Brand Jeans, Levis 501 32.4 $

Childcare

Preschool, full day, monthly for 1 child 1,06 $
International Primary School, yearly for 1 child 19,106 $

Compare Parsippany-Troy Hills with other top cities

Cayman Islands
Parsippany-Troy Hills vs George Town (George Town is 62% more expensive)
Bahamas
Parsippany-Troy Hills vs Nassau (Nassau is 22% more expensive) Parsippany-Troy Hills vs Freeport (Freeport is 3% less expensive)
Vanuatu
Parsippany-Troy Hills vs Port Vila (Port Vila is 4% more expensive) Parsippany-Troy Hills vs Luganville (Luganville is 35% more expensive)
United States
Parsippany-Troy Hills vs New York City (New York City is 80% more expensive) Parsippany-Troy Hills vs Los Angeles (Los Angeles is 41% more expensive) Parsippany-Troy Hills vs Chicago (Chicago is 18% more expensive) Parsippany-Troy Hills vs Houston (Houston is 0% less expensive) Parsippany-Troy Hills vs Phoenix (Phoenix is 5% more expensive) Parsippany-Troy Hills vs Philadelphia (Philadelphia is 13% more expensive) Parsippany-Troy Hills vs San Antonio (San Antonio is 3% less expensive) Parsippany-Troy Hills vs San Diego (San Diego is 48% more expensive) Parsippany-Troy Hills vs Dallas (Dallas is 13% more expensive) Parsippany-Troy Hills vs San Jose (San Jose is 63% more expensive)
Canada
Parsippany-Troy Hills vs Toronto (Toronto is 14% more expensive) Parsippany-Troy Hills vs Montreal (Montreal is 13% less expensive) Parsippany-Troy Hills vs Calgary (Calgary is 5% less expensive) Parsippany-Troy Hills vs Ottawa (Ottawa is 1% less expensive) Parsippany-Troy Hills vs Edmonton (Edmonton is 21% less expensive) Parsippany-Troy Hills vs Winnipeg (Winnipeg is 22% less expensive) Parsippany-Troy Hills vs Mississauga (Mississauga is 10% more expensive) Parsippany-Troy Hills vs Vancouver (Vancouver is 17% more expensive) Parsippany-Troy Hills vs Brampton (Brampton is 6% less expensive) Parsippany-Troy Hills vs Hamilton (Hamilton is 5% less expensive)
Barbados
Parsippany-Troy Hills vs Bridgetown (Bridgetown is 40% less expensive) Parsippany-Troy Hills vs Holetown (Holetown is 38% less expensive)
Panama
Parsippany-Troy Hills vs Panama City (Panama City is 39% less expensive) Parsippany-Troy Hills vs Colon (Colon is 48% less expensive) Parsippany-Troy Hills vs Tocumen (Tocumen is 45% less expensive) Parsippany-Troy Hills vs Santiago de Veraguas (Santiago de Veraguas is 53% less expensive) Parsippany-Troy Hills vs David (David is 63% less expensive) Parsippany-Troy Hills vs La Chorrera (La Chorrera is 58% less expensive) Parsippany-Troy Hills vs Balboa (Balboa is 45% less expensive) Parsippany-Troy Hills vs Pacora (Pacora is 45% less expensive) Parsippany-Troy Hills vs Chitre (Chitre is 52% less expensive) Parsippany-Troy Hills vs Penonome (Penonome is 51% less expensive)
Saint Kitts And Nevis
Parsippany-Troy Hills vs Basseterre (Basseterre is 45% less expensive) Parsippany-Troy Hills vs Cayon (Cayon is 45% less expensive)
Cuba
Parsippany-Troy Hills vs Havana (Havana is 55% less expensive) Parsippany-Troy Hills vs Santiago de Cuba (Santiago de Cuba is 37% less expensive) Parsippany-Troy Hills vs Holguin (Holguin is 43% less expensive) Parsippany-Troy Hills vs Camaguey (Camaguey is 32% less expensive) Parsippany-Troy Hills vs Santa Clara (Santa Clara is 53% less expensive) Parsippany-Troy Hills vs Bayamo (Bayamo is 48% less expensive) Parsippany-Troy Hills vs Guantanamo (Guantanamo is 31% less expensive) Parsippany-Troy Hills vs Las Tunas (Las Tunas is 31% less expensive) Parsippany-Troy Hills vs Pinar del Rio (Pinar del Rio is 51% less expensive) Parsippany-Troy Hills vs Cienfuegos (Cienfuegos is 61% less expensive)
Costa Rica
Parsippany-Troy Hills vs San Jose (San Jose is 45% less expensive) Parsippany-Troy Hills vs Limon (Limon is 47% less expensive) Parsippany-Troy Hills vs Liberia (Liberia is 60% less expensive) Parsippany-Troy Hills vs Alajuela (Alajuela is 45% less expensive) Parsippany-Troy Hills vs Puntarenas (Puntarenas is 43% less expensive) Parsippany-Troy Hills vs Cartago (Cartago is 57% less expensive) Parsippany-Troy Hills vs Heredia (Heredia is 45% less expensive) Parsippany-Troy Hills vs Tamarindo (Tamarindo is 25% less expensive) Parsippany-Troy Hills vs Santa Teresa (Santa Teresa is 42% less expensive)
Saint Lucia
Parsippany-Troy Hills vs Castries (Castries is 49% less expensive) Parsippany-Troy Hills vs Vieux Fort (Vieux Fort is 47% less expensive)
Jamaica
Parsippany-Troy Hills vs Kingston (Kingston is 41% less expensive) Parsippany-Troy Hills vs Spanish Town (Spanish Town is 65% less expensive) Parsippany-Troy Hills vs Montego Bay (Montego Bay is 55% less expensive) Parsippany-Troy Hills vs Half Way Tree (Half Way Tree is 48% less expensive) Parsippany-Troy Hills vs May Pen (May Pen is 64% less expensive) Parsippany-Troy Hills vs Mandeville (Mandeville is 57% less expensive) Parsippany-Troy Hills vs Old Harbour (Old Harbour is 62% less expensive) Parsippany-Troy Hills vs Linstead (Linstead is 54% less expensive) Parsippany-Troy Hills vs Savanna-la-Mar (Savanna-la-Mar is 50% less expensive) Parsippany-Troy Hills vs Port Antonio (Port Antonio is 49% less expensive)
El Salvador
Parsippany-Troy Hills vs San Salvador (San Salvador is 47% less expensive) Parsippany-Troy Hills vs Santa Ana (Santa Ana is 69% less expensive) Parsippany-Troy Hills vs Soyapango (Soyapango is 48% less expensive) Parsippany-Troy Hills vs San Miguel (San Miguel is 52% less expensive) Parsippany-Troy Hills vs Mejicanos (Mejicanos is 49% less expensive) Parsippany-Troy Hills vs Apopa (Apopa is 49% less expensive) Parsippany-Troy Hills vs Santa Tecla (Santa Tecla is 47% less expensive) Parsippany-Troy Hills vs Ahuachapan (Ahuachapan is 36% less expensive) Parsippany-Troy Hills vs Usulutan (Usulutan is 52% less expensive) Parsippany-Troy Hills vs Sonsonate (Sonsonate is 61% less expensive)
Antigua And Barbuda
Parsippany-Troy Hills vs St. John's (St. John's is 52% less expensive) Parsippany-Troy Hills vs All Saints (All Saints is 52% less expensive)
Grenada
Parsippany-Troy Hills vs St. George's (St. George's is 53% less expensive) Parsippany-Troy Hills vs Grenville (Grenville is 53% less expensive)
Dominica
Parsippany-Troy Hills vs Roseau (Roseau is 56% less expensive) Parsippany-Troy Hills vs Portsmouth (Portsmouth is 50% less expensive)
Saint Vincent
Parsippany-Troy Hills vs Kingstown (Kingstown is 57% less expensive) Parsippany-Troy Hills vs Georgetown (Georgetown is 55% less expensive)
Belize
Parsippany-Troy Hills vs Belize City (Belize City is 61% less expensive) Parsippany-Troy Hills vs San Ignacio (San Ignacio is 52% less expensive) Parsippany-Troy Hills vs Belmopan (Belmopan is 68% less expensive) Parsippany-Troy Hills vs San Pedro Town (San Pedro Town is 41% less expensive) Parsippany-Troy Hills vs Caye Caulker (Caye Caulker is 30% less expensive)
Guatemala
Parsippany-Troy Hills vs Guatemala City (Guatemala City is 55% less expensive) Parsippany-Troy Hills vs Mixco (Mixco is 72% less expensive) Parsippany-Troy Hills vs Coban (Coban is 60% less expensive) Parsippany-Troy Hills vs Quetzaltenango (Quetzaltenango is 66% less expensive) Parsippany-Troy Hills vs Jalapa (Jalapa is 60% less expensive) Parsippany-Troy Hills vs San Miguel Petapa (San Miguel Petapa is 60% less expensive) Parsippany-Troy Hills vs Momostenango (Momostenango is 61% less expensive) Parsippany-Troy Hills vs Mazatenango (Mazatenango is 61% less expensive) Parsippany-Troy Hills vs Flores (Flores is 62% less expensive) Parsippany-Troy Hills vs Panajachel (Panajachel is 65% less expensive)
Honduras
Parsippany-Troy Hills vs Tegucigalpa (Tegucigalpa is 63% less expensive) Parsippany-Troy Hills vs San Pedro Sula (San Pedro Sula is 54% less expensive) Parsippany-Troy Hills vs Choloma (Choloma is 73% less expensive) Parsippany-Troy Hills vs La Ceiba (La Ceiba is 71% less expensive) Parsippany-Troy Hills vs El Progreso (El Progreso is 61% less expensive) Parsippany-Troy Hills vs Villanueva (Villanueva is 62% less expensive) Parsippany-Troy Hills vs Comayagua (Comayagua is 68% less expensive) Parsippany-Troy Hills vs Puerto Cortes (Puerto Cortes is 68% less expensive) Parsippany-Troy Hills vs Yoro (Yoro is 67% less expensive) Parsippany-Troy Hills vs La Lima (La Lima is 61% less expensive)
Dominican Republic
Parsippany-Troy Hills vs Santiago de los Caballeros (Santiago de los Caballeros is 65% less expensive) Parsippany-Troy Hills vs Santo Domingo (Santo Domingo is 54% less expensive) Parsippany-Troy Hills vs Puerto Plata (Puerto Plata is 66% less expensive) Parsippany-Troy Hills vs Higuey (Higuey is 66% less expensive) Parsippany-Troy Hills vs La Vega (La Vega is 75% less expensive) Parsippany-Troy Hills vs San Cristobal (San Cristobal is 63% less expensive) Parsippany-Troy Hills vs San Pedro de Macoris (San Pedro de Macoris is 68% less expensive) Parsippany-Troy Hills vs San Francisco de Macoris (San Francisco de Macoris is 77% less expensive) Parsippany-Troy Hills vs San Juan de la Maguana (San Juan de la Maguana is 72% less expensive) Parsippany-Troy Hills vs Bonao (Bonao is 76% less expensive)
Nicaragua
Parsippany-Troy Hills vs Managua (Managua is 66% less expensive) Parsippany-Troy Hills vs Leon (Leon is 72% less expensive) Parsippany-Troy Hills vs Masaya (Masaya is 68% less expensive) Parsippany-Troy Hills vs Matagalpa (Matagalpa is 76% less expensive) Parsippany-Troy Hills vs Chinandega (Chinandega is 72% less expensive) Parsippany-Troy Hills vs Esteli (Esteli is 74% less expensive) Parsippany-Troy Hills vs Granada (Granada is 69% less expensive) Parsippany-Troy Hills vs Jinotega (Jinotega is 80% less expensive) Parsippany-Troy Hills vs Juigalpa (Juigalpa is 71% less expensive) Parsippany-Troy Hills vs San Juan del Sur (San Juan del Sur is 61% less expensive)