salaryRent is lower than in 72% of U.S. cities. A typical house costs about 3.5 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $50,480 a year. That is $24 an hour at a full-time job.
Is rent cheaper than other Tennessee cities?
Yes. Rent here is cheaper than in most of Tennessee. It is number 55 of 114 cities from cheapest to most expensive.
How much do households earn in Morristown?
Share of households by yearly income. 11.3% of households earn $100,000 or more.
Rent by apartment size in Morristown
| Size | Morristown | U.S. average |
|---|---|---|
| Studio | $336 | $1,338 |
| 1 bedroom | $658 | $1,324 |
| 2 bedrooms | $985 | $1,509 |
| 3 bedrooms | $1,011 | $1,698 |
| 4 bedrooms | $2,039 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Morristown overall?
Everyday prices in the Morristown metro area are 14% below the U.S. average (index 86.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Morristown
Life in Morristown
What jobs pay in Morristown
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $129,410 | 11.7% |
| Lawyer | $115,230 | 13.1% |
| Nurse Practitioner | $105,560 | 14.3% |
| Physician Assistant | $103,350 | 14.7% |
| Software Developer | $102,390 | 14.8% |
| Operations Manager | $93,420 | 16.2% |
| Computer Systems Analyst | $89,660 | 16.9% |
| Dental Hygienist | $81,040 | 18.7% |
| Registered Nurse | $75,680 | 20.0% |
| Accountant | $72,810 | 20.8% |
| Truck Driver | $67,330 | 22.5% |
| Market Research Analyst | $62,410 | 24.3% |
| Electrician | $57,170 | 26.5% |
| Licensed Practical Nurse | $55,140 | 27.5% |
| Plumber | $53,780 | 28.2% |
| Carpenter | $49,110 | 30.8% |
| Police Officer | $48,710 | 31.1% |
| HVAC Technician | $48,650 | 31.1% |
| Warehouse Worker | $39,550 | 38.3% |
| Nursing Assistant | $37,620 | 40.3% |
| Customer Service Representative | $37,570 | 40.3% |
| Medical Assistant | $36,760 | 41.2% |
| Firefighter | $36,040 | 42.0% |
| Restaurant Cook | $35,670 | 42.5% |
| Retail Salesperson | $31,750 | 47.7% |
| Cashier | $28,120 | 53.9% |
| Server (Waiter/Waitress) | $27,370 | 55.3% |
Is it cheaper to rent or buy in Morristown?
About the same. Renting and owning cost within $5 of each other each month.
Owning assumes a typical $181,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,110 for the down payment.
Frequently asked questions
What is the average rent in Morristown, TN?
Renting in Morristown costs a median of about $1,262 a month in 2026, including utilities. The Tennessee median is $1,279.
How much do I need to make to live in Morristown?
To keep rent under 30% of income, you need about $50,480 a year, or $24 an hour at a full-time job.
Is Morristown cheap or expensive?
Morristown is rated OK: rent takes 29.3% of the typical household income of $51,678. It ranks 55th cheapest of 114 Tennessee cities we track.
How much are property taxes in Morristown?
The median homeowner in Morristown pays $880 a year in property taxes, about 0.49% of the median home value.
Is Morristown more expensive than the national average?
Overall prices in the metro area are 14% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Morristown?
The median home value in Morristown is $181,100, about 3.5 times the typical yearly household income.
31,527 people live in Morristown. Numbers are typical (middle) values.