Here's what it costs to live in Morristown, Tennessee, based on the latest US government data. Renters pay a median of $855 per month, while the typical home is valued around $155,700. Households earn a median of $44,811 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$44,811
Annual · Census ACS
Median Gross Rent
$855
Per month · Census ACS
Median Home Value
$155,700
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$881
HUD Fair Market Rent
1BR Fair Market Rent
$887
HUD FMR
2BR Fair Market Rent
$1,135
HUD FMR
3BR Fair Market Rent
$1,444
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
None
No state income tax on wages
State Sales Tax
7.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
30,983
Latest estimate
Median Age
37.5 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Morristown?
The cost of living index for Morristown is not yet available in our database.
What is the median rent in Morristown?
The median gross rent in Morristown is $855 per month according to US Census ACS data.
What is the median household income in Morristown?
The median household income in Morristown is $44,811 per year.
What is the median home value in Morristown?
The median home value in Morristown is $155,700 based on the latest Census ACS survey.
How is the air quality in Morristown?
Air quality data for Morristown is not yet available.
What are the taxes like in Morristown?
Tennessee has no state income tax on wages and a statewide sales tax of 7.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology