College Costs in Parsippany-Troy Hills, NJ 2026
Compare tuition, housing, and financial aid across 3 colleges in Parsippany-Troy Hills, New Jersey. Use our free calculator to estimate your total cost.
Avg Public Tuition
$16,200
per year
Avg Private Tuition
$40,000
per year
Avg Rent Near Campus
$1,242
per month
Colleges & Universities
3
institutions
Parsippany-Troy Hills Overview
Population
56,000
Student Population
4,266 (7.6%)
Cost of Living Index
115.5 (avg: 100)
Walk Score
43/100
Transit Score
28/100
Unemployment Rate
4.3%
College Cost Calculator for Parsippany-Troy Hills
Cost Inputs
Total Cost (4 Years, Public In-State)
$123,036
Total After Financial Aid
$123,036
Annual Cost
$30,759
Annual After Aid
$30,759
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $123,036 |
| Monthly Payment | $1,397 |
| Total Interest | $44,610 |
| Total Loan Cost | $167,646 |
Universities in Parsippany-Troy Hills
| University | Type | Annual Tuition |
|---|---|---|
| Parsippany-Troy Hills State University | Public | $16,032 |
| Parsippany-Troy Hills Community College | Community | $5,548 |
Parsippany-Troy Hills has 3 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Parsippany-Troy Hills vs. National Average
| Category | Parsippany-Troy Hills | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $16,200 | $10,940 | +$5,260 |
| Monthly Rent Near Campus | $1,242 | $1,050 | +$192 |
| Cost of Living Index | 115.5 | 100 | +15.5 |
Parsippany-Troy Hills's cost of living is above the national average. Students should budget accordingly and consider off-campus housing options to reduce expenses.
Student Life in Parsippany-Troy Hills
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
4,266 students
Parsippany-Troy Hills has a total population of 56,000, with approximately 4,266 college students (7.6% of the population). While not primarily a college town, Parsippany-Troy Hills offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Parsippany-Troy Hills
$49,907
Starting Salary
4.3%
Unemployment Rate
70%
Graduation Rate
~8 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Parsippany-Troy Hills earn a median starting salary of $49,907, which is $14,907 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $123,036 (including room and board), it would take approximately 8 years of the salary premium to recoup the investment. With average financial aid of $10,202 per student per year, the net cost and payback period can be significantly reduced.
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