Morristown, IN
Population 996 · Indiana
About Morristown, IN
Morristown is a small community in Indiana with a population of 996 residents. The median household income is $47,850 per year, which is below the national average. The median age in Morristown is 42.3 years.
Housing in Morristown has a median home value of $137,500 and median monthly rent of $910. Of the 429 total housing units, the majority are owner-occupied, with 268 owner-occupied and 131 renter-occupied units.
The unemployment rate in Morristown is 1.1% and the poverty rate is 14.8%. 13.6% of residents hold a bachelor's degree or higher. The average commute time is 34.2 minutes.
How Morristown Ranks in Indiana
Cost of Living in Morristown, IN
Compared to national averages, Morristown has a median household income of $47,850 (36% below the national median of $75,149). Home values average $137,500, which is 44% below the national median. Monthly rent at $910 is 22% below the US average of $1,163. Within Indiana, Morristown's income is 31% below the state average of $69,330, and home values are 16% below the state median of $163,409.
Why Live in Morristown, IN?
Morristown offers affordable housing with a median home value of $137,500, below the US average of $244,900, and rent that’s lower than the national average at $910/month, and a strong job market with an unemployment rate of just 1.1%.
Potential considerations include median household income ($47,850) that falls below the national average. However, Morristown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Morristown has a population of 996 with a median age of 42.3 years. Compare Morristown with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Morristown
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Kirklin | 994 | $57,250 | $92,900 | Compare |
| Lynn | 994 | $44,450 | $79,000 | Compare |
| Medora | 993 | $60,625 | $76,400 | Compare |
| Waverly | 1,006 | $72,426 | $254,100 | Compare |
| Painted Hills | 983 | $90,662 | $241,600 | Compare |
| Roseland | 982 | $48,125 | $117,900 | Compare |
| Lynnville | 1,011 | $64,583 | $123,900 | Compare |
| St. Leon | 1,012 | $86,932 | $273,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Morristown
What is the population of Morristown, IN?
The population of Morristown, IN is 996 according to the latest Census data.
What is the median household income in Morristown?
The median household income in Morristown, IN is $47,850 per year.
What is the median home value in Morristown?
The median home value in Morristown, IN is $137,500.
What is the average rent in Morristown?
The median monthly rent in Morristown, IN is $910.
What is the unemployment rate in Morristown?
The unemployment rate in Morristown, IN is 1.1%.