Housing costs in Morristown?
A typical home costs
$137,000, which is 59.5% less expensive than the national average of
$338,100 and 66.9% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Morristown costs
$980 per month, which is 31.5% more than the national average of
$1,430 and 100.0% more than the state average of
$1,960.
Can I afford Morristown?
To live comfortably in Morristown, New York, a minimum annual income of
$26,280 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Morristown?
The cost of living in Morristown, NY is quite reasonable compared to other areas in the country. It has a low rate of unemployment and a relatively low cost of housing, making it an attractive place to live for those looking to stretch their budget. The median home value is around $155,000, well below the national average and significantly lower than surrounding cities and towns. Groceries and other necessities are also quite affordable here, allowing residents to make their money go further when they shop or dine out. All in all, Morristown is a great place for budget-minded individuals looking for a comfortable place to call home.