Residential delivery area · New Jersey
ZIP Code 07054: Parsippany, NJ
ZIP code 07054 uses the postal name Parsippany, New Jersey and lies entirely in Morris County (Census 2020 ZIP-county file). About 29,000 people live there (Census Bureau, ACS 2020-2024). Median household income is $104,214 (Census Bureau, ACS 2020-2024). By Census place, its land lies in Parsippany (43%) and Troy Hills (21%), and 3% in smaller places; 34% is outside any Census place.
- ACS2020-24
- Census2020
- FHFA2025
- ZBP2023
- IRS2022
- Town
- Parsippany · its only residential ZIP
- County
- Morris County
- Census places
- Parsippany (43%) census-designated place; Troy Hills (21%) census-designated place
- Metro area
- New York-Newark-Jersey City, NY-NJ
- House district
- NJ-11 119th Congress
- State
- New Jersey
- Time zone
- Eastern
- Land area
- 13.8 sq mi · 2,131 people per sq mi
Where is ZIP code 07054?
07054 centers on 40.854°, -74.402° and covers 13.8 square miles of land plus 0.4 of water. It borders 9 ZIP codes: 07034, 07981, 07936, 07058, 07046, 07927, 07950, 07834, 07005.
The map draws ZIP code areas only. For the streets inside 07054, open its center on OpenStreetMap.
Source: U.S. Census Bureau, 2020 ZCTA cartographic boundaries and the 2023 Gazetteer (2020 ZCTAs); ZIP-to-county shares, Census places and House districts (119th Congress) from the Census 2020 relationship files (shares of land); metro area from the OMB delineation (July 2023); town name and time zone from simplemaps US ZIP Codes (CC BY 4.0).
How does 07054 compare with the rest of Morris County?
| Measure | 07054 | In Morris County | In NJ |
|---|---|---|---|
| People (ACS 2020-2024) | 29,480 | 3rd of 57 | 100th of 598 |
| Median household income | $104k | 37th of 43 | 294th of 476 |
| Median home value | $587k | 26th of 49 | 155th of 515 |
Its median household income is higher than in 84% of U.S. residential ZIP codes, and it is denser than 85% of all U.S. residential ZIP codes. ZIP codes at the ACS caps ($250,000 or more for household income, $2,000,000 or more for home value) share the top rank.
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B19013, B25077); ranks by PlainZIP over residential ZIP codes (ZCTAs).
How many people live in 07054?
The 2020 Census counted 30,228 people in 07054; the ACS, which samples households over 2020-2024, estimates 29,480. Between the 2010 and 2020 censuses its population grew 3.1% (its boundary stayed at least 90% the same).
- People, ACS 2020-2024
- 29,480
- 2020 Census count
- 30,228+3.1% since 2010 (29,305)
- Households
- 12,252
- Median age
- 41.8
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B01002, B11001); 2020 Census (DHC P1); 2010 Census (SF1 P1).
Who lives in 07054?
Of the 29,480 people the ACS estimates in 07054, 17.2% are under 18 and 19.7% are 65 or older. The largest group by race and Hispanic origin is Asian (not Hispanic) (43.3%), then White (not Hispanic) (40.5%).
- Under 1817.2%
- 18 to 6463.1%
- 65 and older19.7%
- Asian, not Hispanic43.3%
- White, not Hispanic40.5%
- Hispanic or Latino8.9%
- Black, not Hispanic3.9%
- Other or two or more3.3%
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01001 age by sex, B03002 Hispanic or Latino origin by race); shares of the estimated population, small ZIP codes carry wide margins.
What do households in 07054 earn?
Median household income is $104,214 (ACS 2020-2024), the 37th highest of the 43 ranked ZIP codes in Morris County. It fell from $121,780 in 2015-2019 (in 2024 dollars), a change larger than the surveys' margins of error.
- Median household income
- $104,214
- Income per person
- $59,281
- Below the poverty line
- 6.4%
- Unemployed (of the labor force)
- 6.1%
- Adults 25+ with a bachelor's degree
- 61.4%
- Adjusted gross income per tax return, 2022
- $114,24515,000 returns; wages 77% of AGI (IRS)
Source: U.S. Census Bureau, ACS 2020-2024 and 2015-2019 5-year estimates (B19013, B19301, B17001, B23025, B15003; 2015-2019 dollars converted with the BLS CPI-U, 1.22699); IRS Statistics of Income, ZIP code data, tax year 2022 (adjusted gross income per return, filed under the address on the return).
What are homes worth in 07054?
FHFA's house price index for 07054, built from repeat sales and appraisals of the same homes, rose 66% from 2015 to 2025 and rose 49% from 2020 to 2025, and moved +7.1% in 2025.
- Median home value (owners' estimate)
- $587,000
- Median gross rent
- $1,731
- Homes owned by their occupants
- 49.7%
- Housing units
- 12,607
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B25077, B25064, B25003, B25001); FHFA House Price Index, annual five-digit ZIP, updated 2026-03-31.
What businesses are in 07054?
1,635 business establishments had a location in this ZIP code in 2023, 192 fewer than in 2018; the most are in professional, scientific, and technical services (ZIP Code Business Patterns).
- Professional, scientific, and technical services352
- Finance and insurance161
- Health care and social assistance145
- Administrative and support and waste management and remediation services142
- Accommodation and food services135
- Retail trade118
Source: U.S. Census Bureau, ZIP Code Business Patterns 2023 and 2018 (establishments with paid employees, by the business's ZIP code).
Which ZIP codes are next to 07054?
| ZIP | Town | People | Household income | Distance |
|---|---|---|---|---|
| 07034 | Lake Hiawatha | 11,018 | $105k | 2.1 mi |
| 07981 | Whippany | 9,030 | $150k | 2.4 mi |
| 07936 | East Hanover | 11,152 | $150k | 3.1 mi |
| 07058 | Pine Brook | 5,946 | $128k | 3.2 mi |
| 07046 | Mountain Lakes | 4,585 | $250k+ | 3.3 mi |
| 07927 | Cedar Knolls | 4,882 | $170k | 3.5 mi |
| 07950 | Morris Plains | 21,651 | $154k | 4.3 mi |
| 07834 | Denville | 18,385 | $157k | 5.0 mi |
| 07005 | Boonton | 15,307 | $133k | 5.3 mi |
| 07045 | Montville | 10,561 | $185k | 4.1 mi (near) |
| 07878 | Mount Tabor | 766 | $116k | 4.2 mi (near) |
Source: PlainZIP from the Census 2020 ZCTA boundaries (shared edges) and internal points; figures ACS 2020-2024.