Cost of Living Comparison Between New York, NY and Parsippany-Troy Hills, NJ Cost of Living Comparison Between New York, NY and Parsippany-Troy Hills, NJ

Monthly Cost of Living

A single person spends $4,437 per month in New York, NY vs $2,694 in Parsippany-Troy Hills, NJ, rent included.

A couple spends around $6,995 per month in New York, NY vs $3,988 in Parsippany-Troy Hills, NJ, rent included.

A family of three spends $9,552 per month in New York, NY vs $5,283 in Parsippany-Troy Hills, NJ, rent included.

New York, NY costs about 65% more than Parsippany-Troy Hills, NJ, driven mainly by Groceries & Markets.

Both New York, NY and Parsippany-Troy Hills, NJ sit above the global median – New York, NY by 229%, Parsippany-Troy Hills, NJ by 100%.

Meal at Budget Restaurant

$30.14 $30.14

$14.75 $14.75

104.34%

Three-Course Dinner for Two, Mid-Range

$147 $147

$39.54 $39.54

272.38%

Fast Food Meal (McDonalds, etc)

$12.62 $12.62

$12.19 $12.19

3.53%

Cappuccino

$6.00 $6.00

$4.39 $4.39

36.67%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.35 $3.35

$2.06 $2.06

62.62%

Water (0.33 liter bottle)

$2.58 $2.58

$1.95 $1.95

32.31%

Local Beer (0.5 liter draught)

$8.18 $8.18

$6.02 $6.02

35.88%

Imported Beer (0.33 liter bottle)

$11.99 $11.99

$6.11 $6.11

96.24%

Milk (1 liter)

$1.61 $1.61

$1.08 $1.08

49.07%

White Bread (500g)

$5.03 $5.03

$4.03 $4.03

24.81%

Rice (white) (1kg)

$8.40 $8.40

$2.72 $2.72

208.82%

Eggs

$7.10 $7.10

$3.56 $3.56

99.44%

Local Cheese (1kg)

$17.38 $17.38

$13.02 $13.02

33.49%

Chicken Fillets (1kg)

$16.18 $16.18

$6.55 $6.55

147.02%

Beef Round Steak (1kg)

$20.48 $20.48

$14.54 $14.54

40.85%

Apples (1kg)

$7.36 $7.36

$2.68 $2.68

174.63%

Banana (1kg)

$2.56 $2.56

$1.18 $1.18

116.95%

Oranges (1kg)

$5.71 $5.71

$2.67 $2.67

113.86%

Tomato (1kg)

$6.24 $6.24

$2.83 $2.83

120.49%

Potato (1kg)

$3.87 $3.87

$2.15 $2.15

80.00%

Onion (1kg)

$4.11 $4.11

$2.17 $2.17

89.40%

Lettuce (1 head)

$3.03 $3.03

$1.03 $1.03

194.17%

Water (1.5 liter bottle)

$2.55 $2.55

$0.48 $0.48

431.25%

Cigarettes 20 Pack (Marlboro, Camel)

$19.07 $19.07

$10.79 $10.79

76.74%

Wine (Bottle)

$19.66 $19.66

$14.92 $14.92

31.77%

Local Beer (0.5 liter bottle)

$2.98 $2.98

$1.70 $1.70

75.29%

Imported Beer (0.33 liter bottle)

$3.75 $3.75

$1.95 $1.95

92.31%

One-way Ticket (Public Transport)

$2.94 $2.94

$1.97 $1.97

49.24%

Public Transport Monthly Pass (Regular Price)

$131 $131

$94.2 $94.2

38.72%

Taxi Start (Normal Tariff)

$5.07 $5.07

$1.94 $1.94

161.34%

Taxi (Normal Tariff) (1km)

$2.19 $2.19

$1.61 $1.61

36.02%

Taxi 1hour Waiting (Normal Tariff)

$41.49 $41.49

$42.37 $42.37

-2.08%

Gasoline (1 liter)

$0.98 $0.98

$0.83 $0.83

18.07%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$34.5K $34.5K

$30.1K $30.1K

14.80%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$28.3K $28.3K

$24.7K $24.7K

14.30%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$184 $184

$183 $183

0.78%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$59.0 $59.0

$44.28 $44.28

33.13%

Internet (50+ Mbps, Unlimited Data)

$61.9 $61.9

$40.16 $40.16

54.18%

Gym Membership (Monthly)

$141 $141

$43.54 $43.54

222.81%

Tennis Court (1 Hour on Weekend)

$65.3 $65.3

Cinema Ticket

$20.13 $20.13

$12.10 $12.10

66.36%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$3,191 $3,191

$1,841 $1,841

73.31%

International Primary School, 1 Child (Yearly)

$57.5K $57.5K

$40.0K $40.0K

43.94%

Jeans (Levis 501 Or Similar)

$67.2 $67.2

$32.37 $32.37

107.51%

Summer Dress (H&M, Zara, etc)

$47.98 $47.98

$47.90 $47.90

0.17%

Sport Shoes (Adidas, Nike)

$111 $111

$93.2 $93.2

19.43%

Men's Leather Business Shoes

$170 $170

$131 $131

29.14%

1-bedroom Apartment, City Center (Monthly)

$4,207 $4,207

$1,800 $1,800

133.68%

1-bedroom Apartment, Outside City Center (Monthly)

$2,717 $2,717

$1,524 $1,524

78.23%

3-bedroom Apartment, City Center (Monthly)

$8,382 $8,382

$3,207 $3,207

161.37%

3-bedroom Apartment, Outside City Center (Monthly)

$5,127 $5,127

$2,784 $2,784

84.13%

Buy Apartment in City Center (m2)

$19.5K $19.5K

$2,967 $2,967

558.79%

Buy Apartment Outside City Center (m2)

$8,862 $8,862

$2,491 $2,491

255.76%

Average Monthly Net Salary (After Tax)

$5,228 $5,228

$7,214 $7,214

-27.52%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.44

6.35

1.42%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for New York, NY: April 11, 2026

Last update for Parsippany-Troy Hills, NJ: April 11, 2026

Cost Breakdown

A central one-bedroom costs $4,207 in New York, NY versus $1,800 in Parsippany-Troy Hills, NJ. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 38% higher in Parsippany-Troy Hills, NJ, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $147 in New York, NY versus $40 in Parsippany-Troy Hills, NJ. Monthly groceries follow the same trend: $553 vs $300 – making Parsippany-Troy Hills, NJ the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

New York, NY vs Parsippany-Troy Hills, NJ: Cost of Living - Frequently Asked Questions

New York, NY costs about 65% more than Parsippany-Troy Hills, NJ, with the gap driven mainly by Groceries & Markets. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $6,655 per month in New York, NY and $4,041 in Parsippany-Troy Hills, NJ. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Parsippany-Troy Hills, NJ, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Kindergarten costs $3,191 per month in New York, NY and $1,841 in Parsippany-Troy Hills, NJ. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 85% more in New York, NY, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$2,500 is a stretch for both – monthly costs hit $4,437 in New York, NY and $2,694 in Parsippany-Troy Hills, NJ. You'll need shared housing and careful budgeting no matter which city you pick.

For digital nomads, it depends on budget. Parsippany-Troy Hills, NJ costs $2,694 versus $4,437 in New York, NY. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Parsippany-Troy Hills, NJ. If higher salaries, better infrastructure, or specific career opportunities are the priority, New York, NY makes more sense. Both are solid long-term options with distinct trade-offs.