Morristown, NJ is an ideal place to live for those looking for a city with plenty of amenities. The two bedroom rent in 07960 Morristown, NJ is $2,340 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Morristown is 109 versus 100 in the US. This makes it an even more attractive option for people who want to save some money while enjoying all that this lively city has to offer.
Morristown has numerous local businesses and amenities that contribute to its vibrant culture. The town square is filled with shops and restaurants like Tinga Taqueria and Urban Table, offering a variety of cuisines from Mexican to American. The Mayo Performing Arts Center provides entertainment year round with musicals, plays, and concerts while also hosting community events like farmers markets. There are also plenty of parks such as Frelinghuysen Arboretum or Loantaka Brook Reservation where you can get outside and take a walk or have a picnic. All these attractions make 07960 Morristown, NJ an excellent destination for anyone looking for fun activities or simply a relaxed place to call home.
Morristown (zip 07960) has an unemployment rate of 6.2%. The US average is 6.0%.
Morristown (zip 07960) 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 Morristown (zip 07960)
- The Sales Tax Rate for Morristown (zip 07960) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Morristown (zip 07960) 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 Morristown (zip 07960)
- The average income of a Morristown (zip 07960) resident is $58,170 a year. The US average is $28,555 a year.
- The Median household income of a Morristown (zip 07960) resident is $147,949 a year. The US average is $69,021 a year.