Housing costs in Morristown?
A typical home costs
$240,200, which is 29.0% less expensive than the national average of
$338,100 and 41.0% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Morristown costs
$1,210 per month, which is 15.4% cheaper than the national average of
$1,430 and 28.1% cheaper than the state average of
$1,550.
Can I afford Morristown?
To live comfortably in Morristown, Arizona, a minimum annual income of
$46,080 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Morristown?
Morristown, AZ is known to be a relatively affordable place to live. Housing costs are generally low compared to larger cities, and the median home price as of 2018 was around $180,000. Utilities such as electricity and water tend to be lower than in other parts of the state. The cost of groceries is also decent, with many local stores offering competitive prices that are often lower than those found in bigger cities. Additionally, due to its small size and rural location there aren't many entertainment options available which keeps expenses down. Overall, living in Morristown can be very economical for those looking for an affordable place to call home.