Zip Code 07054
Parsippany, New Jersey — Morris County
📍 ZIP code 07054 is in Parsippany, Morris County, New Jersey.
ZIP code 07054 is located in Parsippany, Morris County, New Jersey. It is a zip code in the Eastern (EST/EDT) Time Zone with an estimated population of 30,139. The area code for ZIP code 07054 is 201.
Quick Answer
Zip code 07054 is in Parsippany, New Jersey (Morris County). It has a population of 30,139, median household income of $107,955, and median home value of $569,000.
Population
30,139
Income
$107,955
Home Value
$569,000
Climate
85°F / 21°F
About Zip Code 07054
Zip code 07054 is located in Parsippany, New Jersey, within Morris County. Home to approximately 30,139 residents, this area sits at an elevation of 234 ft and falls within the Eastern (EST/EDT) timezone. The local area code is 201.
The median household income is $107,955 per year, which is above the national median of $70,784. Homes in this zip code have a median value of $569,000, and the cost of living index is 176 (76% above the national average of 100).
Summers average a high of 85°F while winters drop to 21°F. The area receives about 49 in of rain and 26 in of snow annually. The zip code covers 13.8 square miles of land area and 0.5 square miles of water.
Key Statistics
30,139
$107,955
$569,000
Eastern (EST/EDT)
201
234 ft
13.8 sq mi
41.3
12,497
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Compare With Nearby Zip Codes
| Metric | 07054 | 07034 | 07981 | 07936 | 07058 | 07046 |
|---|---|---|---|---|---|---|
| City | Parsippany, NJ | Lake Hiawatha, NJ | Morristown, NJ | East Hanover, NJ | Montville, NJ | Mountain Lakes, NJ |
| Population | 30,139 | 10,406 | 8,908 | 11,106 | 5,933 | 4,535 |
| Median Income | $107,955 | $101,500 | $153,329 | $144,792 | $147,207 | $250,001 |
| Home Value | $569,000 | $402,500 | $611,300 | $668,500 | $686,300 | $915,100 |
| Cost of Living | 176 | 135 | 207 | 220 | 227 | 250 |
| Median Age | 41.3 | 40.3 | 49.4 | 46.9 | 40 | 43.6 |
Cost of Living
100 = National Average. Parsippany's cost of living is 76% above the national average.
vs. State Avg
Above
Affordability
Expensive
Income-to-Home
5.3x
Demographics
Zip code 07054 has a population of 30,139 people with a median age of 41.3. There are 12,497 housing units in this area.
Racial & Ethnic Composition
Source: U.S. Census Bureau American Community Survey estimates.
Population History
Parsippany (07054) population trend from 2010 to 2024
↑ 31.4%Source: U.S. Census Bureau estimates and American Community Survey data.
Climate & Weather
85°F
21°F
49 in
26 in
Parsippany experiences warm summers with average highs around 85°F. Winters are cool with lows averaging 21°F. The area receives about 26 in of snow per year.
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Housing & Economy
Median Home Value
$569,000
Median Household Income
$107,955
With 12,497 housing units across 13.8 square miles, 07054 has a housing density of 906 units per square mile. The home price-to-income ratio is 5.3x.
Location & Geography
Latitude
40.8538°
Longitude
-74.4016°
Land Area
13.8 sq mi
Water Area
0.5 sq mi
Nearby Zip Codes
Zip codes closest to 07054 (Parsippany, NJ) with distances:
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ZIP Codes with Similar Income Nationwide
The five U.S. ZIP codes whose median household income is closest to 07054's $107,955. A way to compare Parsippany to economically similar communities elsewhere in the country.
Computed from U.S. Census Bureau ACS 5-Year Estimates by the Zip Code Near Me Data Team.
ZIP Codes with Similar Demographics
The five U.S. ZIP codes whose racial and ethnic composition most closely matches 07054 (Parsippany, NJ). Similarity is measured by cosine distance on the five-category ACS demographic vector.
Computed from U.S. Census Bureau ACS 5-Year Estimates by the Zip Code Near Me Data Team.
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People Also Ask
What zip code is Parsippany, New Jersey?
Parsippany, New Jersey uses zip code 07054.
What county is zip code 07054 in?
Zip code 07054 is located in Morris County, New Jersey.
What is the population of zip code 07054?
The population of zip code 07054 is 30,139 with a median age of 41.3.
Is 07054 in Parsippany, New Jersey?
Yes, zip code 07054 is in Parsippany, Morris County, New Jersey. The area code is 201.
Frequently Asked Questions
What city is zip code 07054 in?
Zip code 07054 is in Parsippany, New Jersey. It is part of Morris County and uses the Eastern (EST/EDT) timezone.
What is zip code 07054?
Zip code 07054 is a U.S. postal code in Parsippany, New Jersey (Morris County). It has a population of 30,139 and covers 13.8 square miles.
What is the population of zip code 07054?
The population of zip code 07054 (Parsippany, NJ) is 30,139 with a median age of 41.3. There are approximately 12,497 housing units in this area.
What is the median income in zip code 07054?
The median household income in zip code 07054 (Parsippany, NJ) is $107,955 per year. The cost of living index is 176 (100 = national average).
What is the average home price in zip code 07054?
The median home value in zip code 07054 (Parsippany, NJ) is $569,000. The cost of living index is 176 compared to the national average of 100.
What county is zip code 07054 in?
Zip code 07054 is located in Morris County, New Jersey. The primary city is Parsippany.
What is the area code for zip code 07054?
Zip code 07054 in Parsippany, NJ uses area code 201. It is located in the Eastern (EST/EDT) timezone.
Is zip code 07054 a good place to live?
Zip code 07054 (Parsippany, NJ) has a cost of living index of 176 (100 = national average), a median household income of $107,955, and median home values of $569,000. The median age is 41.3. Visit the full page for demographics, climate, and nearby zip code comparisons.
What is the cost of living in zip code 07054?
The cost of living index for zip code 07054 (Parsippany, NJ) is 176, where 100 represents the national average. This area is above the national average. Median home value: $569,000.
What schools serve zip code 07054?
Zip code 07054 in Parsippany, New Jersey is served by the local school district of Morris County. For specific school information, check your state's department of education or GreatSchools.org.
All demographic data on this page is sourced from the U.S. Census Bureau American Community Survey (ACS) 5-Year Estimates. ZIP code boundary and delivery data is sourced from the United States Postal Service (USPS). Data is updated periodically and may not reflect the most current figures. Census Bureau ZIP Code Tabulation Areas (ZCTAs) may differ slightly from USPS ZIP code boundaries.
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Data Sources
- Population, income, housing, age, and demographics
- U.S. Census Bureau, American Community Survey 5-Year Estimates, 2019-2023 vintage.
- ZIP to city and county mapping
- USPS and HUD-USPS ZIP-County Crosswalk.
- Time zones and area codes
- IANA tz database and NANPA.
- Elevation
- U.S. Geological Survey National Elevation Dataset (NED), via the USGS Elevation Point Query Service. Mapped to each ZCTA centroid coordinates. Last refreshed 2026-05-19.
- Last refreshed
- 2026-05-18.