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2024 Compare Cities Economy:
Morristown, NJ vs Melrose, MA

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Highlights
- Household income in Melrose, is 11% more than it is in Morristown and is 45% above the National Average.
- Morristown unemployment rate is 6.2%.
- Melrose unemployment rate is 5.0%.

Economy
 Morristown, NJMelrose, MAUnited States
 Unemployment Rate6.2%5.0%6.0%
 Recent Job Growth-0.7%4.3%1.6%
 Future Job Growth23.5%40.6%33.5%
 Sales Taxes6.6%6.3%6.2%
 Income Taxes5.5%5.1%4.6%
 Income per Cap.$62,895$58,791$37,638
 Household Income$112,570$125,229$69,021
 Family Median Income$123,795$162,083$85,028
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 Est. Households By Income
 Morristown, NJMelrose, MAUnited States
 Income Less Than 15K8.4%5.4%9.4%
 Income between 15K and 20K2.3%2.5%3.8%
 Income between 20K and 30K2.6%7.2%8.1%
 Income between 30K and 40K4.0%3.6%8.0%
 Income between 40K and 50K2.2%4.0%7.6%
 Income between 50K and 60K5.6%5.2%7.2%
 Income between 60K and 75K6.5%4.6%9.6%
 Income between 75K and 100K14.1%8.1%12.8%
 Income between 100K and 150K17.3%17.4%16.3%
 Income between 150K and 200K15.6%18.1%7.8%
 Income greater than 200K21.3%23.9%9.5%
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 Population By Occupation
 Morristown, NJMelrose, MAUnited States
 Management, business, finance29.8%28.1%16.4%
 Engineering, computers, science9.4%14.6%6.5%
 Community, social services0.5%1.8%1.8%
 Legal1.2%2.4%1.2%
 Education, library6.6%5.4%6.2%
 Arts, design, media, sports, entertainment2.2%3.8%2.0%
 Healthcare practitioners and technology6.9%7.8%6.2%
 Healthcare support2.5%1.3%3.3%
 Firefighters, law enforcement0.7%1.8%2.1%
 Food preparation, serving3.7%3.4%5.4%
 Building maintenance6.4%1.6%3.6%
 Personal care1.4%2.9%2.6%
 Sales, office, administrative support16.6%16.6%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair4.6%4.2%8.1%
 Production, transportation, material moving7.5%4.4%13.1%

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Reviews for Morristown    3 Reviews

Over 10 years ago

Morristown has great stores and restaurants. We love the easy access to NYC (50 minute train ride). Cost of living is pretty high (due to taxes) and the weather can be  More

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Hello all, I am new here was asked to comment on my area of the planet where I have lived for the last 12 years. Morristown is the county seat of Morris County. The  More

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Over 16 years ago

Morristown has a great variety of opportunities in many ways. A close 50 minute commute to Manhattan, it is very metropolitan while also has the best of suburban and  More

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Reviews for Melrose    1 Reviews

Over 11 years ago

Melrose is located a mere 7 miles from Boston and is only one of four cities in MA without a major road traversing, there are three commuter rail stops. It's filled  More

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ZIPS IN MORRISTOWN, NEW JERSEY
No Zip Codes Here.
ZIPS IN MELROSE, MASSACHUSETTS
02176

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