Morristown, VT is a small town located in the Green Mountain State with a population of 825 people. It is known for its quaint charm and picturesque rural landscapes, making it an ideal spot for those who are looking to move away from the hustle and bustle of city life. The average rent for a two-bedroom apartment in Morristown is $1,190 compared to the national average of $1,430 which helps to make living in this area more affordable. Additionally, the Grocery Cost Index in Morristown is 108 versus 100 in the US - making groceries slightly more expensive than elsewhere but still quite reasonable. \nThe town offers a variety of local businesses ranging from restaurants such as The Morristown Market & Deli and Ernie's Bar & Grill to services like McBride & Company Insurance Agency and Davison Electric Inc. No matter what you're searching for, there's something here for everyone!
Morristown has an unemployment rate of 4.2%. The US average is 6.0%.
Morristown has seen the job market decrease by -9.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Morristown
- The Sales Tax Rate for Morristown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morristown is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morristown
- The average income of a Morristown resident is $36,768 a year. The US average is $37,638 a year.
- The Median household income of a Morristown resident is $58,621 a year. The US average is $69,021 a year.