Living in Morristown, Minnesota
Cost of living, income, home prices, rent and demographics of Morristown · Census data 2020–2024
Morristown has 1,265 residents with a median age of 36.7. The median household income is $83,059 (7% lower than the Minnesota median), the median home value is $184,800, the median rent is $1,018/month.
Morristown is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Morristown at a glance
- Population
- 1,265
- Median age
- 36.7State: 38.8
- Median household income
- $83,059State: $89,062
- Median home value
- $184,800State: $329,300
- Median rent
- $1,018/moState: $1,280
- Homeowners
- 76.7%
- Bachelor's degree or higher
- 11.7%
- Average commute
- 25 min
Is Morristown a good place to live?
Pros: Home values 44% lower than the state median.
Cons: Median household income 7% lower than the Minnesota median; an average commute of 25 minutes; unemployment of 5.1%; a poverty rate of 15.1%.
The weather is best in June to September.
Cost of living in Morristown
Housing is the biggest part of the cost of living. In Morristown the median home value is $184,800, 44% lower than the U.S. median. Renters pay a median of $1,018 per month, which is 22.4% of household income. Homeowners with a mortgage pay $1,526 a month in housing costs.
Morristown median household income
The median household income in Morristown is $83,059 and the income per person is $41,252. 15.1% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Morristown: homes for sale and rent
- Housing units
- 512
- Owner-occupied
- 76.7%
- Renter-occupied
- 23.3%
- Vacant
- 8.8%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.63
Morristown demographics
- Population
- 1,265
- Median age
- 36.7
- Under 18
- 25.7%
- 65 and older
- 10.4%
- Households
- 467
- Foreign-born
- 7.8%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Morristown ›
Education in Morristown
11.7% of adults 25 and older in Morristown have a bachelor's degree or higher (Minnesota: 39.4%), and 1.3% have a graduate or professional degree.
Jobs and commute in Morristown
- Unemployment rate
- 5.1%State: 4.1%
- Average commute
- 25 minState: 23 min
- Work from home
- 6.7%
- Drive alone
- 85.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 90.1%
Morristown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morristown | 1,265 | $83,059 | $184,800 | $1,018 |
| Warsaw | 560 | $93,750 | $301,500 | $825 |
| Waterville | 1,947 | $76,406 | $236,000 | $884 |
| Kilkenny | 125 | $48,750 | $158,600 | — |
| Faribault | 24,631 | $61,449 | $241,500 | $1,074 |
| Waseca | 9,164 | $64,074 | $189,200 | $903 |
| Medford | 1,257 | $108,250 | $249,600 | $1,175 |
| Elysian | 676 | $89,632 | $285,400 | $1,088 |
| Owatonna | 26,498 | $80,750 | $245,200 | $1,067 |
More for people moving to Morristown
Morristown ZIP code ›Weather and climate ›Living in Morristown: FAQ
What is the median household income in Morristown, MN?
The median household income in Morristown is $83,059, 7% lower than the Minnesota median of $89,062 (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 $184,800, compared with $329,300 in Minnesota.
How much is rent in Morristown?
The median gross rent in Morristown is $1,018 per month, about 22.4% of household income.
Is Morristown, MN a good place to live?
Pluses: home values 44% lower than the state median. Minuses: median household income 7% lower than the Minnesota median; an average commute of 25 minutes; unemployment of 5.1%; a poverty rate of 15.1%.
What is the median age in Morristown?
The median age in Morristown is 36.7 years (Minnesota: 38.8).
How long is the commute in Morristown?
The average commute to work in Morristown is 25 minutes; 6.7% of workers work from home.
What is the unemployment rate in Morristown?
The unemployment rate in Morristown is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Morristown?
11.7% 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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