According to the most recent data on the cost of living, Morristown has an overall cost of living index of 134 which is 1.3x higher than the national index of 100.
Compared to only New Jersey, Morristown has a cost of living index that's 1.1x higher than New Jersey's index of 123.
The standard of living in Morristown ranks as #5,410 most affordable out of the 6,522 places we measured in New Jersey. By definition, that implies Morristown ranks as the #996 most expensive place in the Garden State.
|Living Expense||Morristown||New Jersey||National Average|
Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.