Housing costs in Morristown?
A typical home costs
$230,400, which is 31.9% less expensive than the national average of
$338,100 and 16.9% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Morristown costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 30.5% cheaper than the state average of
$1,070.
Can I afford Morristown?
To live comfortably in Morristown Tennes Metro Area, Tennessee, a minimum annual income of
$44,280 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Morristown?
The cost of living in Morristown, TN Metro Area is quite affordable when compared to the U.S. average -- it is 83.9 versus 100, respectively. This affordability extends to housing as well; the median value of a house in Morristown is $230400, which is significantly lower than the U.S. average of $338100. For those looking for a low cost of living and affordable housing, Morristown may be an ideal location to settle down and call home.