Living in Morristown, Indiana
Cost of living, income, home prices, rent and demographics of Morristown · Census data 2020–2024
Morristown has 1,134 residents with a median age of 41.8. The median household income is $53,250 (26% lower than the Indiana median), the median home value is $162,000, the median rent is $902/month.
Morristown is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Morristown at a glance
- Population
- 1,134
- Median age
- 41.8State: 38.1
- Median household income
- $53,250State: $71,957
- Median home value
- $162,000State: $218,200
- Median rent
- $902/moState: $1,062
- Homeowners
- 69.9%
- Bachelor's degree or higher
- 16.1%
- Average commute
- 28 min
Is Morristown a good place to live?
Pros: Home values 26% lower than the state median; unemployment of 0.6%.
Cons: Median household income 26% lower than the Indiana median; an average commute of 28 minutes; a poverty rate of 14.1%.
The weather is best in May–June and August–September.
Cost of living in Morristown
Housing is the biggest part of the cost of living. In Morristown the median home value is $162,000, 51% lower than the U.S. median. Renters pay a median of $902 per month, which is 31.2% of household income. Homeowners with a mortgage pay $1,178 a month in housing costs.
Morristown median household income
The median household income in Morristown is $53,250 and the income per person is $27,957. 14.1% of residents live below the poverty line (Indiana: 12.3%).
Housing in Morristown: homes for sale and rent
- Housing units
- 447
- Owner-occupied
- 69.9%
- Renter-occupied
- 30.1%
- Vacant
- 7.8%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.44
Morristown demographics
- Population
- 1,134
- Median age
- 41.8
- Under 18
- 23.5%
- 65 and older
- 27.5%
- Households
- 412
- Foreign-born
- 2.7%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Morristown ›
Education in Morristown
16.1% of adults 25 and older in Morristown have a bachelor's degree or higher (Indiana: 29.5%), and 1.9% have a graduate or professional degree.
Jobs and commute in Morristown
- Unemployment rate
- 0.6%State: 4.3%
- Average commute
- 28 minState: 24 min
- Work from home
- 10.7%
- Drive alone
- 75.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 85.7%
Morristown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morristown | 1,134 | $53,250 | $162,000 | $902 |
| Gwynneville | 198 | $109,000 | $139,000 | — |
| Carrollton | 267 | $125,882 | $360,400 | — |
| Marion | 276 | $71,563 | $275,800 | — |
| Greenfield | 24,940 | $76,127 | $216,400 | $1,177 |
| Philadelphia | 431 | $24,873 | $214,500 | — |
| Arlington | 678 | $57,841 | $131,300 | — |
| Spring Lake | 224 | $50,938 | $169,400 | — |
| New Palestine | 3,227 | $96,923 | $357,500 | $1,129 |
More for people moving to Morristown
Morristown ZIP code ›Weather and climate ›Living in Morristown: FAQ
What is the median household income in Morristown, IN?
The median household income in Morristown is $53,250, 26% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Morristown?
The median home value in Morristown is $162,000, compared with $218,200 in Indiana.
How much is rent in Morristown?
The median gross rent in Morristown is $902 per month, about 31.2% of household income.
Is Morristown, IN a good place to live?
Pluses: home values 26% lower than the state median; unemployment of 0.6%. Minuses: median household income 26% lower than the Indiana median; an average commute of 28 minutes; a poverty rate of 14.1%.
What is the median age in Morristown?
The median age in Morristown is 41.8 years (Indiana: 38.1).
How long is the commute in Morristown?
The average commute to work in Morristown is 28 minutes; 10.7% of workers work from home.
What is the unemployment rate in Morristown?
The unemployment rate in Morristown is 0.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Morristown?
16.1% of adults in Morristown have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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