2025 Compare Cities Economy:
Morristown, NJ vs Palo Alto, CA

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Highlights
- Household income in Palo Alto, is 73% more than it is in Morristown and is 65% above the National Average.
- Morristown unemployment rate is 6.2%.
- Palo Alto unemployment rate is 3.5%.
 Morristown, NJPalo Alto, CAUnited States
 Unemployment Rate  Unlock3.5%6.0%
 Recent Job Growth  Unlock2.5%1.6%
 Future Job Growth23.5%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock8.0%4.6%
 Income per Cap.$62,895  Unlock$37,638
 Household Income  Unlock$194,782$69,021
 Family Median Income$123,795  Unlock$85,028
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 Est. Households By Income
 Morristown, NJPalo Alto, CAUnited States
 Income Less Than 15K  Unlock5.2%9.4%
 Income between 15K and 20K2.3%  Unlock3.8%
 Income between 20K and 30K  Unlock3.1%8.1%
 Income between 30K and 40K4.0%  Unlock8.0%
 Income between 40K and 50K  Unlock2.9%7.6%
 Income between 50K and 60K5.6%  Unlock7.2%
 Income between 60K and 75K  Unlock4.6%9.6%
 Income between 75K and 100K14.1%  Unlock12.8%
 Income between 100K and 150K  Unlock12.8%16.3%
 Income between 150K and 200K15.6%  Unlock7.8%
 Income greater than 200K  Unlock49.5%9.5%
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 Population By Occupation
 Morristown, NJPalo Alto, CAUnited States
 Management, business, finance29.8%  Unlock16.4%
 Engineering, computers, science  Unlock29.0%6.5%
 Community, social services0.5%  Unlock1.8%
 Legal  Unlock3.7%1.2%
 Education, library6.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.5%2.0%
 Healthcare practitioners and technology6.9%  Unlock6.2%
 Healthcare support  Unlock1.1%3.3%
 Firefighters, law enforcement0.7%  Unlock2.1%
 Food preparation, serving  Unlock1.6%5.4%
 Building maintenance6.4%  Unlock3.6%
 Personal care  Unlock2.3%2.6%
 Sales, office, administrative support16.6%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair4.6%  Unlock8.1%
 Production, transportation, material moving  Unlock2.5%13.1%
Reviews for Morristown    3 Reviews

Over 11 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 17 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 Palo Alto    8 Reviews

The Bay Area in general, but Palo Alto specifically provides many of the qualities sought by many; the climate is beautiful, there is access to cultural and recreational  More

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Over 17 years ago

Very  More

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Over 18 years ago

VTA and SamsTrans and Caltrain all provide good service and most times frequency of service is  More

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