What is the population of Morristown town?

Morristown town has 20,256 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #55 of 700 in New Jersey.

What is the median household income in Morristown town?

Median household income in Morristown town is $115,409 a year, 46.9% above the national figure of $78,538.

How much does it cost to rent or buy in Morristown town?

Median gross rent is $2,171 a month and the median home value is $552,800, so rent absorbs about 22.6% of median household income.

Is Morristown town affordable compared with the rest of the US?

Homes cost about 4.8× the local median income here versus roughly 3.9× nationally, so Morristown town is less affordable to buy in than the typical US market, and rent takes 22.6% of median income against the 30% cost-burden line.

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New Jersey · Census place 48300

Morristown, NJ population, income and ZIP codes

Quick answer

The population of the city of Morristown, New Jersey (Morristown, NJ — Census place “Morristown town”) is 20,256 residents, ranking #55 of 700 places in New Jersey. Median household income is $115,409, the median home is worth $552,800 and median gross rent runs $2,171 a month. Looking for the Morristown New Jersey ZIP code list? 1 ZIP codes serve Morristown, NJ: 07960.

Population: 20,256Morristown town residents
Median household income: $115,409Past 12 months, inflation adjusted
Median home value: $552,800Owner-occupied units
Median gross rent: $2,171Rent plus utilities, monthly
Median age: 34 yrsAll residents
Homeownership rate: 36.1%Owner-occupied households

Morristown ZIP codes (New Jersey)

Census ZCTAs whose delivery area overlaps Morristown.

The Morristown NJ ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

07960

What the numbers mean in Morristown town

Housing cost measured against local earnings.

A household earning the Morristown town median would spend about 22.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.2% of residents and 36.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Morristown town, NJ in context

How this area compares with national benchmarks.

Morristown town is a mid-size town in New Jersey, with 20,256 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #55 of 700 ranked by population — larger than 92% of them. The median age here is 34 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Morristown town earn a median of $115,409 a year, 46.9% above the national figure of $78,538 and 8% above the $106,926 median for the 543 New Jersey cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 9.2% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Morristown town is valued at $552,800, 82.2% above the national figure and 34% above the $412,500 peer median, while median gross rent runs $2,171 a month, 54.4% above the national figure, or roughly $26,052 across a full year. A household on the local median income would put about 22.6% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 4.8×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 36.1% of occupied homes are owner-occupied versus 65% nationally, a renter-majority market, so rent figures matter more here than the home-value line. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in New Jersey.

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Frequently asked questions

Common questions about this area.

What is the population of Morristown town?: Morristown town has 20,256 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #55 of 700 in New Jersey.
What is the median household income in Morristown town?: Median household income in Morristown town is $115,409 a year, 46.9% above the national figure of $78,538.
How much does it cost to rent or buy in Morristown town?: Median gross rent is $2,171 a month and the median home value is $552,800, so rent absorbs about 22.6% of median household income.
Is Morristown town affordable compared with the rest of the US?: Homes cost about 4.8× the local median income here versus roughly 3.9× nationally, so Morristown town is less affordable to buy in than the typical US market, and rent takes 22.6% of median income against the 30% cost-burden line.
How current is this Morristown town data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.