Housing costs in Morristown?
A typical home costs
$281,300, which is 16.8% less expensive than the national average of
$338,100 and 9.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Morristown costs
$1,100 per month, which is 11.3% cheaper than the national average of
$1,240 and 2.7% more than the state average of
$1,070.
Can I afford Morristown?
To live comfortably in Morristown (zip 55052), Minnesota, a minimum annual income of
$54,000 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Morristown?
The cost of living in 55052 Morristown, MN is quite affordable compared to most other places in the U.S. The median home value is $192,600, which is lower than the national average and much more reasonable for a small town like this one. Additionally, the median household income of $61,568 is slightly higher than the national average, making it easier to make ends meet. Moreover, groceries and transportation costs are also relatively low here. All these factors combined can make Morristown an attractive option for potential residents looking for a reasonably priced place to live with a good quality of life.