Morristown township, MN is a great place to live for those looking for an affordable lifestyle. The median rent for 2 bedrooms is $1,050 compared to the US national median of $1,430. Additionally, the Grocery Cost Index is 98 in Morristown Township versus 100 in the US as a whole. As such, people can enjoy a high quality of life while still saving money. In Morristown township there are many local companies to provide goods and services. These include stores such as Target and Walmart, hotels like Hilton and Marriott, restaurants such as Applebee's and Chipotle, and entertainment venues including movie theaters and bowling alleys. Overall Morristown township provides a great quality of life with an affordable cost of living that makes it an ideal place to call home.
Morristown township has an unemployment rate of 4.2%. The US average is 6.0%.
Morristown township has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Morristown township
- The Sales Tax Rate for Morristown township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Morristown township is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morristown township
- The average income of a Morristown township resident is $39,686 a year. The US average is $37,638 a year.
- The Median household income of a Morristown township resident is $88,000 a year. The US average is $69,021 a year.