salaryRent here is among the highest 10% in the country. Household incomes are higher than in 93% of U.S. cities. A typical house costs about 3.9 years of household income. It is a highly educated city: 72.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $135,560 a year. That is $65 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 267 of 291 cities from cheapest to most expensive.
How much do households earn in Morris Plains?
Share of households by yearly income. 63.1% of households earn $100,000 or more.
Rent by apartment size in Morris Plains
| Size | Morris Plains | U.S. average |
|---|---|---|
| 1 bedroom | $3,316 | $1,324 |
| 2 bedrooms | $3,280 | $1,509 |
| 3 bedrooms | $3,037 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Morris Plains overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Morris Plains, so the New Jersey figure is shown.
Taxes and bills in Morris Plains
Life in Morris Plains
Is it cheaper to rent or buy in Morris Plains?
Renting is cheaper right now: about $1,075 a month less.
Owning assumes a typical $643,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $64,330 for the down payment.
Frequently asked questions
What is the average rent in Morris Plains, NJ?
Renting in Morris Plains costs a median of about $3,389 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Morris Plains?
To keep rent under 30% of income, you need about $135,560 a year, or $65 an hour at a full-time job.
Is Morris Plains cheap or expensive?
Morris Plains is rated OK: rent takes 24.3% of the typical household income of $167,084. It ranks 267th cheapest of 291 New Jersey cities we track.
How much are property taxes in Morris Plains?
The median homeowner in Morris Plains pays $10,000+ a year in property taxes, about 1.55% of the median home value.
Is Morris Plains more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Morris Plains?
The median home value in Morris Plains is $643,300, about 3.9 times the typical yearly household income.
6,315 people live in Morris Plains. Numbers are typical (middle) values.