Cost of Living in Morristown, TN
Population 31,527 · Census ACS 2020–2024 5-year estimates
The median rent in Morristown, TN is $882/month, 26% lower than the Tennessee median and 38% lower than the U.S. median. The median home value is $181,100, 46% lower than the national median. Households earn a median of $47,917 a year, 31% lower than the state median.
Affordability
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Morristown vs. Tennessee vs. U.S.
| Morristown | Tennessee | U.S. | |
|---|---|---|---|
| Median rent | $882 | $1,189 | $1,413 |
| Median home value | $181,100 | $286,700 | $332,700 |
| Median household income | $47,917 | $69,595 | $80,734 |
| Homeownership rate | 54.9% | 66.9% | 65.2% |
| Bachelor's degree or higher | 15.0% | 31.1% | 35.7% |
| Poverty rate | 26.0% | 13.8% | 12.5% |
| Unemployment rate | 7.1% | 4.7% | 5.2% |
| Work from home | 3.3% | 12.9% | 15.1% |
| Median age | 36.3 | 38.9 | 38.9 |
FAQ
What is the average rent in Morristown, TN?
The median gross rent in Morristown, TN is $882 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Morristown, TN?
Using the common 30% rule, renting a median-priced home takes about $35,280 a year in gross income.
Is Morristown, TN expensive to live in?
Rent there is 38% lower than the U.S. median, and the median home costs about 3.8 times the median household income.
Other cities in Tennessee
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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