Morristown, NJ
20,453Residents
$121,340Median household income
$2,274/moMedian gross rent
$567,600Median home value
34.2Median age
58%Adults with a bachelor’s degree or higher
37%Homes lived in by their owners
4.7×Home value to household income
Median rent takes about 22% of the median household income in Morristown.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $91,000 a year. In New Jersey that leaves roughly $5,692 a month after tax. See the full paycheck breakdown for $90,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.