Morristown, Arizona (85342) is an area that is quickly growing in popularity. The 2 bedroom rent here is lower than the national average at $1,230 per month compared to $1,430 in the US. This makes it a more affordable option for families looking for a place to call home. Additionally, the Grocery Cost Index here in Morristown is 97 compared to 100 in the US, making groceries more affordable as well. Businesses are also thriving in Morristown with local companies like J&J Farms providing fresh produce and The Rock Bar & Grill offering delicious meals. There are many other businesses here that add to the economy of Morristown and make it a great place to reside.
Morristown (zip 85342) has an unemployment rate of 6.1%. The US average is 6.0%.
Morristown (zip 85342) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 45.1%, which is higher than the US average of 33.5%.
Tax Rates for Morristown (zip 85342)
- The Sales Tax Rate for Morristown (zip 85342) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Morristown (zip 85342) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morristown (zip 85342)
- The average income of a Morristown (zip 85342) resident is $33,218 a year. The US average is $37,638 a year.
- The Median household income of a Morristown (zip 85342) resident is $50,000 a year. The US average is $69,021 a year.