Skip to content
ZipNumbers

New Jersey · Census place 48300

Morristown town, NJ

Quick answer

Morristown town has 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.

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

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

Compare with nearby places

Places of similar size in New Jersey.

More New Jersey coverage.