Morristown, TN Cost Of Living
Cost Of Living In Morristown, TN Summary
Cost of living in Morristown research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Morristown is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Morristown is 84, with 100 being the average.
The cost of living index in Morristown is 0.8x lower than the national average.
Morristown ranks as the #19 cheapest in Tennessee out of 109.
Morristown ranks as the #406 cheapest out of 6,489 in the US.
The median home value in Morristown is $261,016.
The median income in Morristown is $44,811.
Table Of Contents
Morristown's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Morristown, TN?
According to the most recent data on the cost of living, Morristown has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Morristown has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Morristown ranks as #19 most affordable out of the 109 places we measured in Tennessee. By definition, that implies Morristown ranks as the #90 most expensive place in the Volunteer State.
For more reading on life in Morristown, check out:
In Tennessee
In America
Morristown Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Morristown. Here is how it fairs on each of the criteria:
The Services index in Morristown is 95.
The Groceries index in Morristown is 95.
The Health index in Morristown is 89.
The Housing index in Morristown is 68.
The Transportation index in Morristown is 83.
The Utilities index in Morristown is 99.
| Living Expense | Morristown | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 84 | 90 | 100 | |
| Services | 95 | 93 | 100 | |
| Groceries | 95 | 99 | 100 | |
| Health | 89 | 87 | 100 | |
| Housing | 68 | 81 | 100 | |
| Transportation | 83 | 89 | 100 | |
| Utilities | 99 | 95 | 100 | |
Morristown, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Morristown is $261,016.
The Median Rent in Morristown is $855.
The Median Income in Morristown is $44,811.
The Home Value To Income in Morristown is 5.8x.
The Rent To Monthly Income in Morristown is 0.23x.
| Statistic | Morristown | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $261,016 | $330,598 | $303,400 |
| Median Rent | $855 | $1,122 | $1,348 |
| Median Income | $44,811 | $67,097 | $78,538 |
| Home Value To Income | 5.8x | 4.9x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Morristown, TN Costs By Category
Detailed Morristown Services Costs Vs. Tennessee
| Item | Morristown | Tennessee |
|---|---|---|
| Shampoo | $1.19 | $1.28 |
| Movie | $14.09 | $12.13 |
| Bowling | $19.33 | $18 |
| Haircut | $23.91 | $24.26 |
| Beauty Salon | $45.13 | $45.56 |
Detailed Morristown Groceries Costs Vs. Tennessee
| Item | Morristown | Tennessee |
|---|---|---|
| Ground Beef | $6.2 | $5.84 |
| Fried Chicken | $1.66 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.02 | $4.93 |
| Pizza | $11.91 | $12.09 |
| Beer | $9.97 | $10.41 |
| Toothpaste | $3.58 | $3.7 |
Detailed Morristown Health Costs Vs. Tennessee
| Item | Morristown | Tennessee |
|---|---|---|
| Optometrist | $87.33 | $125.68 |
| Doctor | $108.51 | $135.78 |
| Dentist | $96.95 | $113.29 |
Detailed Morristown Transportation Costs Vs. Tennessee
| Item | Morristown | Tennessee |
|---|---|---|
| Gasoline | $3.08 | $3.46 |
| Tire Balancing | $51.47 | $59.92 |
Detailed Morristown Utilities Costs Vs. Tennessee
| Item | Morristown | Tennessee |
|---|---|---|
| All Electricity | $161.17 | $193.99 |
| Phone | $192.18 | $192.25 |
Morristown SnackAbility
/10
Cost Of Living In Cities Around Morristown
The cost of living varies in the cities and towns around Morristown. Here's a quick look at the cost of living in the most populous nearby places:
Westfield, NJ has a cost of living index of 178, 2.1x Morristown.
Dover, NJ has a cost of living index of 116, 1.4x Morristown.
Madison, NJ has a cost of living index of 173, 2.1x Morristown.
| City | Population | Cost Of Living | Vs. Morristown |
|---|---|---|---|
| Westfield, NJ | 30,760 | 178 | 2.1x |
| Dover, NJ | 18,420 | 116 | 1.4x |
| Madison, NJ | 16,464 | 173 | 2.1x |
| Bradley Gardens, NJ | 14,315 | 150 | 1.8x |
| Florham Park, NJ | 13,134 | 165 | 2.0x |
| Martinsville, NJ | 12,016 | 159 | 1.9x |
| Lincoln Park, NJ | 10,901 | 124 | 1.5x |
| Succasunna, NJ | 9,866 | 134 | 1.6x |
| Chatham, NJ | 9,219 | 181 | 2.2x |
| Boonton, NJ | 8,803 | 129 | 1.5x |
