Cost of Living in Morristown, TN
2024 data from the Bureau of Economic Analysis
Cost Index
86.4
13.6% below avg
Housing Index
59.0
Median Income
$52,913
Median Rent
$803/mo
Cost Breakdown
Overall86.4 (-13.6%)
Housing59.0 (-41.0%)
Goods96.2 (-3.8%)
Utilities72.4 (-27.6%)
Other Services95.1 (-4.9%)
National average = 100
Income & Housing
Median Household Income
$52,913/year
Median Home Value
$170,100
Median Monthly Rent
$803/mo
Per Capita Income
$29,207/year
Compare Morristown, TN With
Morristown, TN vs St. Joseph, MOMorristown, TN vs Kingsport, TNMorristown, TN vs Sioux City, IAMorristown, TN vs Paducah, KYMorristown, TN vs Cape Girardeau, MOMorristown, TN vs Grand Island, NEMorristown, TN vs Grand Forks, NDMorristown, TN vs Brownsville, TXMorristown, TN vs Florence, SCMorristown, TN vs Anniston, AL
Frequently Asked Questions
Is Morristown, TN expensive to live in?
Morristown, TN has a cost of living index of 86.4, which is 13.6% below the national average.
How much does housing cost in Morristown, TN?
Housing costs in Morristown, TN are indexed at 59.0 compared to the national average of 100. The median monthly rent is $803.
What is the average income in Morristown, TN?
The median household income in Morristown, TN is $52,913 per year.
What is the average home price in Morristown, TN?
The median home value in Morristown, TN is $170,100.