Morristown, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
134
Morristown's Overall Cost Of Living
1.3x
Higher Than The National Average
157 out of 247
In New Jersey
5,406 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Morristown is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Morristown, NJ?

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.

For more reading on life in Morristown, check out:

Morristown Cost Of Living Vs. New Jersey

Living Expense Morristown New Jersey National Average
Overall 134 123 100
Services 102 111 100
Groceries 113 110 100
Health 99 102 100
Housing 209 158 100
Transportation 110 110 100
Utilities 87 100 100
For more reading on cost of living around New Jersey, check out:
Morristown Cost of Living Vs. NJ

Morristown, NJ Housing Cost Breakdown

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.

$472,000
Median Home Value
$1,729
Median Rent
$96,545
Median Income
Statistic Morristown New Jersey United States
Median Home Value $472,000 $335,600 $217,500
Median Rent $1,729 $1,334 $1,062
Median Income $96,545 $82,545 $62,843
Home Value To Income 4.9x 4.1x 3.5x
Rent To Monthly Income 0.21x 0.19x 0.2x

Detailed Morristown Services Costs Vs. New Jersey

Item Morristown New Jersey
Shampoo $0.99 $1.01
Movie $12.16 $10.72
Bowling $20.0 $13.86

Detailed Morristown Groceries Costs Vs. New Jersey

Item Morristown New Jersey
Ground Beef $4.04 $3.9
Fried Chicken $1.97 $1.4
Milk $2.31 $1.96

Detailed Morristown Health Costs Vs. New Jersey

Item Morristown New Jersey
Haircut $18.3 $17.49
Beauty Salon $43.4 $38.17
Toothpaste $1.81 $2.32

Detailed Morristown Transportation Costs Vs. New Jersey

Item Morristown New Jersey
Potatoes $3.43 $3.18
Pizza $10.87 $10.39
Beer $7.99 $9.23
Optometrist $90.5 $106.34
Doctor $97.86 $115.25
Dentist $111.0 $98.38

Detailed Morristown Utilities Costs Vs. New Jersey

Item Morristown New Jersey
Gasoline $2.85 $2.59
Tire Balancing $54.95 $48.9
All Electricity $131.81 $167.6
Phone $177.03 $163.42

Morristown SnackAbility

8
/10
Overall SnackAbility
Jobs
9/10
Housing
9.5
Affordability
5
Diversity
9.5
Safety
8
Amenities
9.5
Education
8.5
Commute
8

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