Morristown, TN 37814 is an ideal place to live for those seeking affordable housing options. The average rent for a two bedroom apartment is $890, significantly lower than the US average of $1,430. Additionally, grocery items are much more economical with a Grocery Cost Index of 96 compared to the US average of 100. This means food items are up to 4% less expensive in Morristown than other areas in the United States. \nLocal companies in the area include East Tennessee Quality Prosthetics and Orthotics Inc., Creekside Financial Services, and Morristown Animal Hospital. These businesses offer employment opportunities as well as services to residents of Morristown and surrounding areas.
Morristown (zip 37814) has an unemployment rate of 5.6%. The US average is 6.0%.
Morristown (zip 37814) 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 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Morristown (zip 37814)
- The Sales Tax Rate for Morristown (zip 37814) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Morristown (zip 37814) 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 (zip 37814)
- The average income of a Morristown (zip 37814) resident is $26,528 a year. The US average is $37,638 a year.
- The Median household income of a Morristown (zip 37814) resident is $46,819 a year. The US average is $69,021 a year.