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Cost of Living in Morristown, NJ

161.1
Very Expensive · National average is 100

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$113,926
Median Income
$2,147/mo
Median Rent
$535,900
Median Home
20,126
Population

Cost Breakdown

🏠Housing
159.2
0Nat'l Avg (100)200
🛒Groceries
157.1
0Nat'l Avg (100)200
🚗Transportation
164.3
0Nat'l Avg (100)200
🏥Healthcare
143.4
0Nat'l Avg (100)200
⚡Utilities
155.2
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$1,675
est.
$1,889
est.
$2,147$2,748
est.
$3,135
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Morristown with cities in the area

Morris Plains, NJ
Very Expensive
184.1
Madison, NJ
Very Expensive
200.1
Florham Park, NJ
Very Expensive
204.6
Mountain Lakes, NJ
Very Expensive
243.4
Victory Gardens, NJ
Average
99.6
Rockaway, NJ
Expensive
125.7
Compare Morristown vs Morris PlainsCompare Morristown vs MadisonCompare Morristown vs Florham Park