Housing costs in Morristown?
A typical home costs
$53,800, which is 84.1% less expensive than the national average of
$338,100 and 79.9% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Morristown costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 24.7% cheaper than the state average of
$910.
Can I afford Morristown?
To live comfortably in Morristown, South Dakota, a minimum annual income of
$10,440 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Morristown?
The cost of living in Morristown, SD is relatively low compared to other locations throughout the United States. According to BestPlaces, the cost of living index for Morristown is 73.69, which is about 27% lower than the US average. Goods and services are generally cheaper compared to other places in the country, with a consumer price index of 75.94 (about 25% lower than the US average). The median household income is around $41,400 annually and rental prices start from around $600 per month on average. All of these factors make living in Morristown a great option for people looking for an affordable place to live with plenty of opportunities for work and leisure activities.