Census tract · Morris County
Census Tract 416.03, Morris County, New Jersey
Census Tract 416.03, GEOID 34027041603, in Morris County, New Jersey, entirely within Parsippany-Troy Hills Township. 3,788 residents in the ACS 2020-2024 5-year estimates (±266); the 2020 Census counted 4,431.
Residents, 2020-2024
3,788
±266 (90% margin)
2020 Census count: 4,431
Median household income
$91,364
±$20,334 (90% margin)
Morris County: $137,326
Median home value
$576,300
±$29,433 (90% margin)
Morris County: $582,500
Median gross rent
$1,707
±$67 (90% margin)
Morris County: $1,904
Where is Census Tract 416.03?
Census Tract 416.03 is one of 110 census tracts in Morris County, New Jersey. It covers 1.72 square miles of land, 2,582 residents per square mile in 2020. Its GEOID, 34027041603, names it uniquely (how tract numbers and GEOIDs work).
| Place | Share of the tract |
|---|---|
| Parsippany-Troy Hills Township | 100% |
| Parsippany | 60% |
5 census tracts border Census Tract 416.03: Tract 410 ($94,375), Tract 412 ($250,000 or more), Tract 416.02 ($106,189), Tract 417.06 ($86,452) and Tract 418.01 ($100,381). The figure in brackets is each tract's median household income.
Whether a tract counts as low- or moderate-income for bank lending (the Community Reinvestment Act) is set by the FFIEC against its metro area's family income: look it up in the FFIEC census geocoder.
Source: 2024 Gazetteer and 2020 block assignment files, U.S. Census Bureau · Census reference files
How many people live in Census Tract 416.03?
The 2020-2024 American Community Survey puts Census Tract 416.03's population at 3,788 (±266) in 1,764 households; the 2020 Census counted 4,431 residents and 1,876 housing units.
| Measure | Tract 416.03 | Parsippany-Troy Hills Township |
|---|---|---|
| Total population | 3,788 ±266 | 56,397 |
| Households | 1,764 ±126 | 23,075 |
| Average household size | 2.15 ±0.14 | 2.40 |
| Housing units | 1,804 ±112 | 23,622 |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026); 2020 Census P.L. 94-171 · Check it at data.census.gov
Who lives in Census Tract 416.03?
The median resident of Census Tract 416.03 is 45.6 years old; 14.4% are under 18 and 21.9% are 65 or older. The largest group is non-Hispanic white residents at 39.9%, then non-Hispanic Asian residents at 38.5%. 38.1% of residents were born outside the United States.
| Measure | Tract 416.03 | Parsippany-Troy Hills Township |
|---|---|---|
| Median age | 45.6 ±4.5 | 42.5 |
| Under 18 years | 14.4% ±3.5 pts | 18.1% |
| 65 years and over | 21.9% ±2.7 pts | 19.0% |
| Hispanic or Latino (any race) | 15.3% ±6.1 pts | 9.2% |
| White alone, not Hispanic | 39.9% ±6.8 pts | 45.8% |
| Black or African American alone, not Hispanic | 2.9% ±3.2 pts | 3.0% |
| Asian alone, not Hispanic | 38.5% ±7.6 pts | 37.9% |
| American Indian and Alaska Native alone, not Hispanic | 0.1% ±0.2 pts | 0.1% |
| Native Hawaiian and Other Pacific Islander alone, not Hispanic | 0.0% ±1.2 pts | 0.0% |
| Two or more races, not Hispanic | 3.3% ±2.4 pts | 3.5% |
| Some other race alone, not Hispanic | 0.0% ±1.2 pts | 0.4% |
| Born outside the United States | 38.1% ±6.4 pts | 37.9% |
| Speak a language other than English at home (age 5+) | 47.6% ±7.7 pts | 45.0% |
| Civilian veterans (age 18+) | 3.8% ±1.9 pts | 2.6% |
| With a disability | 10.2% ±2.9 pts | 9.9% |
| No health insurance coverage | 7.4% ±3.4 pts | 3.9% |
| High school graduate or higher (age 25+) | 94.0% ±3.9 pts | 93.3% |
| Bachelor's degree or higher (age 25+) | 58.6% ±6.4 pts | 60.5% |
| Graduate or professional degree (age 25+) | 23.3% ±5.0 pts | 26.5% |
| Lived in the same house a year earlier | 88.3% ±4.0 pts | 88.7% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profiles DP02, DP05) · Check it at data.census.gov
What do households in Census Tract 416.03 earn?
Half of the 1,764 households in Census Tract 416.03 earn less than $91,364 a year (±$20,334), against $137,326 across Morris County: 98th highest of the county's 109 tracts with a reliable estimate. 7.2% of residents live below the poverty line.
| Measure | Tract 416.03 | Parsippany-Troy Hills Township |
|---|---|---|
| Median household income | $91,364 ±$20,334 | $112,327 |
| Mean household income | $125,202 ±$13,317 | $146,673 |
| Per capita income | $58,487 ±$6,790 | $61,016 |
| People below the poverty line | 7.2% ±3.8 pts | 4.8% |
| Children under 18 below the poverty line | 3.8% ±6.0 pts | 3.4% |
| Households receiving SNAP | 6.7% ±4.4 pts | 4.9% |
| Households with a computer | 92.8% ±6.1 pts | 96.6% |
| Households with a broadband subscription | 92.4% ±6.1 pts | 95.5% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP03) · Check it at data.census.gov
What does housing cost in Census Tract 416.03?
Owners occupy 44.8% of Census Tract 416.03's occupied homes and renters 55.2%. The median owner-occupied home is valued at $576,300 by its owner (±$29,433). The median renter pays $1,707 a month including utilities, and 45.7% of renters pay 35% or more of their income on rent.
| Measure | Tract 416.03 | Parsippany-Troy Hills Township |
|---|---|---|
| Median home value (owner-occupied) | $576,300 ±$29,433 | $536,200 |
| Median gross rent | $1,707 ±$67 | $1,736 |
| Renters paying 35% or more of income on rent | 45.7% ±12.4 pts | 28.2% |
| Median monthly owner costs, with a mortgage | $3,004 ±$390 | $3,148 |
| Owner-occupied homes | 44.8% ±5.5 pts | 59.6% |
| Renter-occupied homes | 55.2% ±5.5 pts | 40.4% |
| Housing units | 1,804 ±112 | 23,622 |
| Single-family detached homes | 44.6% ±5.1 pts | 51.5% |
| Mobile homes | 0.6% ±0.9 pts | 0.1% |
| Built 2020 or later | 0.0% ±2.5 pts | 0.3% |
| Built 2010 to 2019 | 1.6% ±1.7 pts | 3.2% |
| Built 1939 or earlier | 5.4% ±2.9 pts | 5.4% |
| Households with no vehicle | 13.9% ±5.9 pts | 6.7% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP04) · Check it at data.census.gov
How do people in Census Tract 416.03 get to work?
64.8% of Census Tract 416.03's workers drive alone and 26.5% work from home. The average trip to work takes 28.4 minutes.
| Measure | Tract 416.03 | Parsippany-Troy Hills Township |
|---|---|---|
| In the labor force (age 16+) | 68.4% ±5.6 pts | 69.0% |
| Unemployment rate | 6.0% ±4.5 pts | 5.4% |
| Drove alone to work | 64.8% ±6.3 pts | 65.6% |
| Carpooled | 6.6% ±3.2 pts | 7.1% |
| Public transportation | 1.5% ±2.1 pts | 3.3% |
| Walked | 0.6% ±0.9 pts | 1.1% |
| Worked from home | 26.5% ±6.2 pts | 21.6% |
| Mean travel time to work | 28.4 min ±2.8 | 27.6 min |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP03) · Check it at data.census.gov
How does Census Tract 416.03 compare with the other tracts in Morris County?
Among Morris County's tracts with a reliable estimate, Census Tract 416.03 ranks as shown below (1 = highest).
| Measure | In Morris County |
|---|---|
| Population | 82nd of 110 |
| Residents per square mile | 40th of 110 |
| Median household income | 98th of 109 |
| Per capita income | 75th of 110 |
| Median home value | 59th of 110 |
| Median gross rent | 73rd of 97 |
| Poverty rate | 16th of 46 |
| Bachelor's degree or higher | 63rd of 110 |
| Median age | 29th of 110 |
| Owner-occupied share | 97th of 110 |
The tracts next to it on Morris County's income ladder
| Tract | Rank | Median household income |
|---|---|---|
| Tract 461.08 | 95th | $96,370±$21,051 · within the margin of this tract |
| Tract 454.04 | 96th | $94,917±$20,487 · within the margin of this tract |
| Tract 410 | 97th | $94,375±$35,690 · within the margin of this tract |
| Tract 416.03 | 98th | $91,364±$20,334 |
| Tract 456.03 | 99th | $91,250±$29,228 · within the margin of this tract |
| Tract 454.03 | 100th | $89,766±$25,950 · within the margin of this tract |
| Tract 450 | 101st | $86,708±$23,029 · within the margin of this tract |
"Within the margin": the two incomes differ by less than their combined 90% margins, so the survey cannot say which is higher and the ranks between them are not firm.
Source: PlainCities ranks computed from the American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) · How ranks are computed
How reliable are the figures for Census Tract 416.03?
1 of the 18 figures for Census Tract 416.03 on this page carries a coefficient of variation over 40% and is marked with a ring: they come from a small sample, so read them as rough.
A census tract's figures rest on a few hundred sampled households over five years, so its margins are wider than a city's. Two tracts differ only when the gap between them is larger than their combined 90% margin (the square root of the sum of the two squared margins). How to read a margin of error.
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026): margins of error as published · Check it at data.census.gov
How these figures are made: methodology and release checks · reading a margin of error · every state · corrections