Businesses for Sale | Parsippany-Troy Hills, New Jersey
Discover business opportunities, in or around Parsippany-Troy Hills, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Parsippany-Troy Hills, located in The Garden State had a total population of 22,612 people.
City Statistics and Other Information About Parsippany-Troy Hills
Demographics
From a total population of 22,612, Parsippany-Troy Hills has a median age of 39. The average age of males, in Parsippany-Troy Hills, is 38 while the average age of females is 39. When you compare the median age of men and women in Parsippany-Troy Hills, there is an average difference of 1.53 years.
Income
The median income of individuals, in Parsippany-Troy Hills, is $61,291 while the average household income is $106,988. In 2029, the average income per capita for Parsippany-Troy Hills is expected to be $61,291.
Additional Information
No additional information.Is Parsippany-Troy Hills the Best Location for Franchise Opportunities and Growth?
What is the average income in Parsippany-Troy Hills?
The median household income in Parsippany-Troy Hills is $106,988, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Parsippany-Troy Hills an affordable place to start a franchise?
With a median income of $106,988, Parsippany-Troy Hills presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Parsippany-Troy Hills's income compare to other locations?
The median income of $106,988 in Parsippany-Troy Hills is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Parsippany-Troy Hills have a stable workforce to support my business?
Absolutely! With 6,944 employed individuals, Parsippany-Troy Hills offers a solid labor force to support franchise growth.
Is Parsippany-Troy Hills a growing economy?
With a workforce of 6,944 and a median household income of $106,988, Parsippany-Troy Hills provides a stable economic environment for new business opportunities.
Does homeownership in Parsippany-Troy Hills indicate a stable market?
Homeownership rates at 4,334 show a strong local investment in the community, which benefits long-term franchise success.
