Morris, NJ is a great place to live with many local businesses. It offers an affordable rent for two bedroom apartments at $2,370 compared to the US average of $1,430. Grocery costs in Morris are also more expensive than other areas in the US with an index of 109 versus 100 nationally. The city has a wide range of companies including ShopRite Supermarkets, Summit Medical Group, Atlantic Health System and Morris County Tourism Bureau. Despite higher grocery costs in Morris than other parts of the US, overall it has a reasonable cost of living making it a desirable place to live.
Morris has an unemployment rate of 6.2%. The US average is 6.0%.
Morris has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Morris
- The Sales Tax Rate for Morris is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Morris is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morris
- The average income of a Morris resident is $63,810 a year. The US average is $28,555 a year.
- The Median household income of a Morris resident is $180,373 a year. The US average is $69,021 a year.