2025 Compare Cities Economy:
Morristown, NJ vs Princeton, NJ

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Highlights
- Household income in Princeton, is 47% more than it is in Morristown and is 58% above the National Average.
- Morristown unemployment rate is 6.2%.
- Princeton unemployment rate is 3.6%.
 Morristown, NJPrinceton, NJUnited States
 Unemployment Rate  Unlock3.6%6.0%
 Recent Job Growth  Unlock1.3%1.6%
 Future Job Growth23.5%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$62,895  Unlock$37,638
 Household Income  Unlock$165,149$69,021
 Family Median Income$123,795  Unlock$85,028
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 Est. Households By Income
 Morristown, NJPrinceton, NJUnited States
 Income Less Than 15K  Unlock5.8%9.4%
 Income between 15K and 20K2.3%  Unlock3.8%
 Income between 20K and 30K  Unlock2.5%8.1%
 Income between 30K and 40K4.0%  Unlock8.0%
 Income between 40K and 50K  Unlock2.1%7.6%
 Income between 50K and 60K5.6%  Unlock7.2%
 Income between 60K and 75K  Unlock6.6%9.6%
 Income between 75K and 100K14.1%  Unlock12.8%
 Income between 100K and 150K  Unlock11.4%16.3%
 Income between 150K and 200K15.6%  Unlock7.8%
 Income greater than 200K  Unlock44.1%9.5%
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 Population By Occupation
 Morristown, NJPrinceton, NJUnited States
 Management, business, finance29.8%  Unlock16.4%
 Engineering, computers, science  Unlock16.6%6.5%
 Community, social services0.5%  Unlock1.8%
 Legal  Unlock2.0%1.2%
 Education, library6.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock4.2%2.0%
 Healthcare practitioners and technology6.9%  Unlock6.2%
 Healthcare support  Unlock1.1%3.3%
 Firefighters, law enforcement0.7%  Unlock2.1%
 Food preparation, serving  Unlock2.4%5.4%
 Building maintenance6.4%  Unlock3.6%
 Personal care  Unlock1.3%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  Unlock2.7%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 Princeton    5 Reviews

Many cities have colleges in them, but Princeton's character and quality of life are very deeply influenced by having such an outstanding school contributing to all  More

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Over 16 years ago

police are very quick to respond and resolve crime problems. very safe place to live. when you feel safe, all other issues are  More

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You'll never lose on a real estate investment in Princeton. It has that cache that people always desire. McCarter Theatre, University concerts, fine dining, great  More

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