Morristown, TN Metro Area is an attractive location for those looking for a place to call home. The area's median rental cost of $820 for two bedrooms is significantly lower than the national average of $1,430. Additionally, local grocery prices in Morristown are about 4% lower than average across the United States. This makes it an ideal destination for those with a budget in mind who still want access to all of life’s modern amenities. The Morristown Metro Area has plenty of job opportunities as well thanks to companies like Eastman Chemical Company, Alpha Natural Resources, and Holston Valley Medical Center. With its low costs and abundant job options, this Tennessee metro area is a great option for many seeking a new home.
Morristown Metro Area has an unemployment rate of 4.9%. The US average is 6.0%.
Morristown Metro Area has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 39.2%, which is higher than the US average of 33.5%.
Tax Rates for Morristown Metro Area
- The Sales Tax Rate for Morristown Metro Area is 9.7%. The US average is 7.3%.
- The Income Tax Rate for Morristown Metro Area is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morristown Metro Area
- The average income of a Morristown Metro Area resident is $26,106 a year. The US average is $37,638 a year.
- The Median household income of a Morristown Metro Area resident is $48,464 a year. The US average is $69,021 a year.