Morristown, IN
Population 996 · Indiana
About Morristown, IN
Morristown is a small community located in Indiana with a population of 996 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,850 per year, which is 36% below the national median of $75,149. The median age of 42.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Morristown features a median home value of $137,500, which is 44% below the national median of $244,900. This makes Morristown one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $910, 22% below the national average of $1,163/month. Of the 429 total housing units, 67% are owner-occupied (268 units) and 33% are renter-occupied (131 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Morristown shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.8%, above the national average of 12.4%. Workers in Morristown have an average one-way commute time of 34.2 minutes.
Education & Demographics
13.6% of Morristown residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 2.3% of the population being foreign-born.
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.
Compare Morristown With Other Cities
Frequently Asked Questions about Morristown
What is the population of Morristown, IN?
The population of Morristown, IN is 996 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Morristown?
The median household income in Morristown, IN is $47,850 per year, which is 36% below the national median of $75,149.
What is the median home value in Morristown?
The median home value in Morristown, IN is $137,500, which is 44% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Morristown?
The median monthly rent in Morristown, IN is $910, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Morristown?
The unemployment rate in Morristown, IN is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Morristown, IN a good place to live?
Morristown offers a moderate cost of living, affordable housing, and a strong job market. With a population of 996 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is Morristown, IN?
13.6% of residents in Morristown aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Morristown?
Key cost-of-living indicators for Morristown, IN: median home value is $137,500 (44% below national), median rent is $910/month, and median household income is $47,850. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Morristown?
The poverty rate in Morristown, IN is 14.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Morristown, IN?
Morristown's population is 0.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 0.6% two or more races. 2.3% of residents are foreign-born.