Cost of Living in Morristown, TN
Population: 30,983 • 2026 Data
$44,811
Median Household Income
-42% vs national
$855
Median Monthly Rent
-37% vs national
$155,700
Median Home Value
-54% vs national
7.7%
Unemployment Rate
Housing in Morristown
The median home value in Morristown, TN is $155,700. Monthly rent for a typical unit averages $855, while total monthly housing costs (including utilities and insurance) average $832.
Rent-to-income ratio: 22.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Morristown, TN is $44,811. The unemployment rate stands at 7.7%, with a labor force of 13,669 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.