Physical Therapist Salary in Parsippany-Troy Hills, NJ: $122,754 (2026)
Quick Answer:A full-time physical therapist in Parsippany-Troy Hills, NJ earns a median $122,754/year (≈ $59.02/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1123). Once you factor in Parsippany-Troy Hills's price level (15% above national, BEA RPP 115.2), that paycheck buys what $106,557 would nationally. Nominal pay sits 1.2% above the New Jersey state average.
Based on BLS state-level estimates · View source
In Parsippany-Troy Hills, NJ, the financial outlook for physical therapists has become notably promising, with a projected median annual salary of $122,754 for 2026, surpassing the national median at $105,288 by a noteworthy 16.59%. The salary range for practitioners in the area extends from $87,977 at the lower end to $157,909 at the highest tier. These figures reflect localized estimates derived from the 2025 BLS data, accounting for regional pricing and cost of living adjustments. This growing trend in compensation is influenced largely by the rise of cash-pay sports and orthopedic specialization, allowing top therapists to command higher pay, which could attract more skilled professionals into the job market in Parsippany-Troy Hills.
About the Parsippany-Troy Hills Market
Salary estimated from New Jersey average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $87,977 | $42.30 |
| Lower Range (P25) | $99,253 | $47.72 |
| Median (P50)(typical) | $122,754 | $59.02 |
| Upper Range (P75) | $143,161 | $68.83 |
| Top Earners (P90) | $157,909 | $75.92 |
Median Salary Position
16.59% above the national average
2026 Salary Percentile Distribution in Parsippany-Troy Hills
In Parsippany-Troy Hills, NJ, the physical therapist salary spread from the 10th to 90th percentile is $69,932 (2026 est.). At $122,754, the local median is 16.59% above the national median of $105,288.
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How Parsippany-Troy Hills Physical Therapist Pay Compares
Parsippany-Troy Hills median: $122,754/year (2026)
| Compared To | Median Salary | Parsippany-Troy Hills Pays |
|---|---|---|
| New Jersey Average | $121,299 | +1.20% more |
| National Average | $105,288 | +16.59% more |
Physical Therapists in Parsippany-Troy Hills, NJ earn a median of $122,754 per year (2026 est.), which is 16.59% higher than the national median of $105,288 and 1.20% above the New Jersey state average of $121,299.
Cost-of-Living Adjusted Salary
Parsippany-Troy Hills has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Parsippany-Troy Hills, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $122,754 is competitive, the higher cost of living reduces purchasing power to an effective $106,557 — a 13.19% reduction.
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2019 BLS Actual
$104,277
2025 BLS Actual
$119,807
2026 Current Est.
$122,754
2019–2027 Growth
+20.6%
Salary Trajectory for Physical Therapists in Parsippany-Troy Hills (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.46% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $104,277 | Actual |
| 2020 | $106,108 | Actual |
| 2021 | $111,483 | Actual |
| 2022 | $113,931 | Actual |
| 2023 | $116,251 | Actual |
| 2024 | $125,916 | Actual |
| 2025 | $119,807 | Actual |
| 2026(current) | $122,754 | Estimated |
| 2027 | $125,774 | Projected |
Based on 7 years of BLS OEWS data for the Parsippany-Troy Hills metropolitan area, the median physical therapist salary grew 14.9% from $104,277 (2019) to $119,807 (2025). At a 2.46% compound annual growth rate, salaries are projected to reach $125,774 by 2027 — a total increase of $21,497 (20.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Parsippany-Troy Hills metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 2.46% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $87,977 – $99,253 |
| 3-5 years (Mid Career) | $99,253 – $122,754 |
| 5+ years (Experienced) | $122,754 – $143,161 |
| 10+ years (Top Earner) | $143,161 – $157,909 |
PT salary ranges estimated from BLS percentile data. Individual physical therapist compensation varies by employer, certifications, and specialization.
Physical Therapist Job Market in Parsippany-Troy Hills
The job market for physical therapists in Parsippany-Troy Hills is currently limited, with only eight practitioners employed in the area, which may create both opportunities and constraints for potential hires. Living costs in the area are slightly elevated, as indicated by a cost-of-living index of 115.2. This reality means that therapists must consider their take-home pay relative to local expenses. Employers that typically offer higher salaries include outpatient orthopedic clinics, both private practices and chains like Athletico and ATI. The disparity in wages often stems from factors such as productivity expectations and the practice model adopted—clinics emphasizing cash-pay methods may present higher earning potentials. To maximize earnings in this market, therapists should aim to gain board certifications (OCS or SCS) and seek employment within high-performing clinics, focusing on maximizing patient throughput in alignment with market demands for both efficiency and specialized care.
More salary data for Parsippany-Troy Hills, NJ:
Frequently Asked Questions
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Written by Alex Morgan, DPT
Career Analyst
Alex Morgan has over 10 years of experience in physical therapy. They specialize in orthopedic rehabilitation. Alex works in a private practice setting.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $119,807 for physical therapistsin the Parsippany-Troy Hills metropolitan area. A 2.46% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Parsippany-Troy Hills is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 2.46%, derived from historical BLS wage trends for physical therapists (SOC 29-1123).
Compiled and verified by Alex Morgan, DPT, a licensed physical therapist with 10+ years of clinical experience. · View source data at BLS.gov