Morristown, Minnesota is a small town located in Rice County with a population of 55052. It is known for its friendly people and tight-knit community. The average two bedroom rent here is $1,100 while the US average for the same type of accommodation is $1,430. Grocery cost index of Morristown is 99 which is slightly lower than the US average of 100. There are many local companies in Morristown such as Bickelhaupt True Value Hardware, Morristown Market & Deli and Santee Tire Center Inc that serve the needs of this community. With its strong sense of community and affordable living costs, Morristown is an excellent place to live in Minnesota.
Morristown (zip 55052) has an unemployment rate of 4.2%. The US average is 6.0%.
Morristown (zip 55052) 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 (zip 55052)
- The Sales Tax Rate for Morristown (zip 55052) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Morristown (zip 55052) 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 (zip 55052)
- The average income of a Morristown (zip 55052) resident is $34,784 a year. The US average is $37,638 a year.
- The Median household income of a Morristown (zip 55052) resident is $70,655 a year. The US average is $69,021 a year.