Last update: Oct 2026

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

For one person, living is cheaper in Parsippany-Troy Hills, NJ: $2,629 a month against $4,938 in New York, NY, rent and utilities included – about $27,700 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Parsippany-Troy Hills, NJ
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Parsippany-Troy Hills, NJ Living Index
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Cost of Living Index in New York, NY
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New York, NY Living Index

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Parsippany-Troy Hills, NJ

🇺🇸 United States

$2,629

/mo nomad

New York, NY

🇺🇸 United States

$4,938

/mo nomad

Monthly Cost of Living

How much you'll spend in Parsippany-Troy Hills, NJ and in New York, NY

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Parsippany-Troy Hills, NJ and in New York, NY actually costs, broken down by who's living it.

A single person spends $2,629 per month in Parsippany-Troy Hills, NJ vs $4,938 in New York, NY, rent included.

Parsippany-Troy Hills, NJ $2,629
New York, NY $4,938

A couple spends around $3,942 per month in Parsippany-Troy Hills, NJ vs $7,273 in New York, NY, rent included.

Parsippany-Troy Hills, NJ $3,942
New York, NY $7,273

A family of three spends $5,256 per month in Parsippany-Troy Hills, NJ vs $9,608 in New York, NY, rent included.

Parsippany-Troy Hills, NJ $5,256
New York, NY $9,608

Parsippany-Troy Hills, NJ is about 47% cheaper than New York, NY, and outside of rent the biggest gap is in groceries.

Both Parsippany-Troy Hills, NJ and New York, NY sit above the global median – Parsippany-Troy Hills, NJ by 94%, New York, NY by 264%.

Meal at Budget Restaurant

$15.15 $15.15

$24.99 $24.99

-39.38%

Three-Course Dinner for Two, Mid-Range

$69.4 $69.4

$120 $120

-42.27%

Fast Food Meal (McDonalds, etc)

$11.78 $11.78

$13.74 $13.74

-14.26%

Cappuccino

$4.60 $4.60

$6.60 $6.60

-30.30%

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

$2.57 $2.57

$3.82 $3.82

-32.72%

Water (0.33 liter bottle)

$1.46 $1.46

$2.87 $2.87

-49.13%

Local Beer (0.5 liter draught)

$7.65 $7.65

$7.95 $7.95

-3.77%

Imported Beer (0.33 liter bottle)

$7.17 $7.17

$10.06 $10.06

-28.73%

Milk (1 liter)

$1.12 $1.12

$1.37 $1.37

-18.25%

White Bread (500g)

$4.32 $4.32

$4.75 $4.75

-9.05%

Rice (white) (1kg)

$2.62 $2.62

$7.69 $7.69

-65.93%

Eggs

$3.45 $3.45

$5.87 $5.87

-41.23%

Local Cheese (1kg)

$13.16 $13.16

$19.25 $19.25

-31.64%

Chicken Fillets (1kg)

$6.58 $6.58

$17.83 $17.83

-63.10%

Beef Round Steak (1kg)

$14.45 $14.45

$19.03 $19.03

-24.07%

Apples (1kg)

$2.59 $2.59

$6.69 $6.69

-61.29%

Banana (1kg)

$1.18 $1.18

$2.29 $2.29

-48.47%

Oranges (1kg)

$2.57 $2.57

$6.41 $6.41

-59.91%

Tomato (1kg)

$2.83 $2.83

$6.75 $6.75

-58.07%

Potato (1kg)

$2.22 $2.22

$3.93 $3.93

-43.51%

Onion (1kg)

$2.19 $2.19

$4.52 $4.52

-51.55%

Lettuce (1 head)

$0.98 $0.98

$2.79 $2.79

-64.87%

Water (1.5 liter bottle)

$0.52 $0.52

$2.51 $2.51

-79.28%

Cigarettes 20 Pack (Marlboro, Camel)

$11.16 $11.16

$18.10 $18.10

-38.34%

Wine (Bottle)

$14.85 $14.85

$20.16 $20.16

-26.34%

Local Beer (0.5 liter bottle)

$1.77 $1.77

$3.26 $3.26

-45.71%

Imported Beer (0.33 liter bottle)

$2.02 $2.02

$3.75 $3.75

-46.13%

One-way Ticket (Public Transport)

$3.90 $3.90

$2.92 $2.92

33.56%

Public Transport Monthly Pass (Regular Price)

$70.8 $70.8

$143 $143

-50.33%

Taxi Start (Normal Tariff)

$2.02 $2.02

$3.06 $3.06

-33.99%

Taxi (Normal Tariff) (1km)

$2.20 $2.20

$2.16 $2.16

1.85%

Taxi 1hour Waiting (Normal Tariff)

$42.11 $42.11

$41.33 $41.33

1.89%

Gasoline (1 liter)

$0.94 $0.94

$1.12 $1.12

-16.07%

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

$27.7K $27.7K

$33.1K $33.1K

-16.40%

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

$25.4K $25.4K

$25.7K $25.7K

-1.31%

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

$175 $175

$219 $219

-20.43%

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

$44.70 $44.70

$75.3 $75.3

-40.66%

Internet (50+ Mbps, Unlimited Data)

$39.42 $39.42

$70.5 $70.5

-44.09%

Gym Membership (Monthly)

$24.62 $24.62

$116 $116

-78.68%

Tennis Court (1 Hour on Weekend)

$67.6 $67.6

Cinema Ticket

$12.06 $12.06

$21.37 $21.37

-43.57%

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

$1,972 $1,972

$3,432 $3,432

-42.54%

International Primary School, 1 Child (Yearly)

$15.8K $15.8K

$61.7K $61.7K

-74.40%

Jeans (Levis 501 Or Similar)

$32.13 $32.13

$74.9 $74.9

-57.09%

Summer Dress (H&M, Zara, etc)

$47.76 $47.76

$52.1 $52.1

-8.40%

Sport Shoes (Adidas, Nike)

$87.8 $87.8

$117 $117

-24.73%

Men's Leather Business Shoes

$134 $134

$135 $135

-0.14%

1-bedroom Apartment, City Center (Monthly)

$1,841 $1,841

$4,347 $4,347

-57.65%

1-bedroom Apartment, Outside City Center (Monthly)

$1,503 $1,503

$3,117 $3,117

-51.78%

3-bedroom Apartment, City Center (Monthly)

$3,358 $3,358

$9,110 $9,110

-63.15%

3-bedroom Apartment, Outside City Center (Monthly)

$2,749 $2,749

$5,379 $5,379

-48.90%

Buy Apartment in City Center (m2)

$2,975 $2,975

$19.3K $19.3K

-84.57%

Buy Apartment Outside City Center (m2)

$2,448 $2,448

$6,943 $6,943

-64.74%

Average Monthly Net Salary (After Tax)

$7,257 $7,257

$5,238 $5,238

38.55%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.35

6.85

-7.30%

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

Last update for Parsippany-Troy Hills, NJ: October 20, 2026

Last update for New York, NY: October 17, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Parsippany-Troy Hills, NJ

$1.5K 57.2%

New York, NY

$3.1K 63.1% 107% $1.6K

Groceries & Markets

Parsippany-Troy Hills, NJ

$303 11.5%

New York, NY

$552 11.2% 82.5% $250

Eating Out

Parsippany-Troy Hills, NJ

$280 10.7%

New York, NY

$407 8.2% 45.1% $126

Monthly Utilities & Internet

Parsippany-Troy Hills, NJ

$259 9.8%

New York, NY

$365 7.4% 41.2% $107

Clothing & Footwear

Parsippany-Troy Hills, NJ

$136 5.2%

New York, NY

$170 3.5% 25.2% $34

Getting Around

Parsippany-Troy Hills, NJ

$99 3.8%

New York, NY

$168 3.4% 69% $69

Sport & Entertainment

Parsippany-Troy Hills, NJ

$49 1.9%

New York, NY

$158 3.2% 225% $110

Cost Breakdown

A central one-bedroom costs $1,841 in Parsippany-Troy Hills, NJ versus $4,347 in New York, NY. 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 39% 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 $69.0 in Parsippany-Troy Hills, NJ versus $120 in New York, NY. Monthly groceries follow the same trend: $303 vs $552 – making Parsippany-Troy Hills, NJ the more affordable choice for daily food spending.

Good to know

🇺🇸 Parsippany-Troy Hills, NJ

🇺🇸 New York, NY

🕒 Local time

04:50 4:50 AM

Same time as Parsippany-Troy Hills, NJ

🌤 Weather

👥 Population

53,238

8,804,190

💱 Currency

United States Dollar USD $

📈 Exchange rate

1 USD = 0.89 EUR

Exchange rates and currency converter

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Parsippany-Troy Hills, NJ New York, NY 32 km

From you

Parsippany-Troy Hills, NJ
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Distances are measured in a straight line. Your location is detected approximately.

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

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

New York, NY costs about 88% more than Parsippany-Troy Hills, NJ, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,943 per month in Parsippany-Troy Hills, NJ and $7,407 in New York, NY. 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 $1,972 per month in Parsippany-Troy Hills, NJ and $3,432 in New York, NY. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 82% 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 $2,629 in Parsippany-Troy Hills, NJ and $4,938 in New York, NY. 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 $2,629 versus $4,938 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.