Morristown, MN
Population 982 · Minnesota
About Morristown, MN
Morristown is a small community located in Minnesota with a population of 982 residents according to the latest US Census Bureau American Community Survey data. The median household income is $74,479 per year, which is 1% below the national median of $75,149. The median age of 41.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Morristown features a median home value of $175,600, which is 28% below the national median of $244,900. This positions Morristown in a moderately priced market relative to the rest of the country. Median monthly rent is $1,152, 1% below the national average of $1,163/month. Of the 444 total housing units, 78% are owner-occupied (306 units) and 22% are renter-occupied (87 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Morristown shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 10.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Morristown have an average one-way commute time of 24.9 minutes.
Education & Demographics
9.2% 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 4.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 7.6% of the population being foreign-born.
Cost of Living in Morristown, MN
Compared to national averages, Morristown has a median household income of $74,479 (1% below the national median of $75,149). Home values average $175,600, which is 28% below the national median. Monthly rent at $1,152 is 1% below the US average of $1,163. Within Minnesota, Morristown's income is 0% above the state average of $74,221, and home values are 14% below the state median of $204,472.
Why Live in Morristown, MN?
Morristown offers affordable housing with a median home value of $175,600, below the US average of $244,900, and rent that’s lower than the national average at $1,152/month, and a low poverty rate of 10.7%, better than the national average. Additionally, the city features short commute times averaging just 24.9 minutes.
Potential considerations include median household income ($74,479) 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 982 with a median age of 41.6 years. Compare Morristown with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Morristown
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Welcome | 977 | $55,357 | $91,300 | Compare |
| Nicollet | 966 | $80,500 | $214,100 | Compare |
| Bird Island | 964 | $71,190 | $114,600 | Compare |
| Mantorville | 1,003 | $117,750 | $280,600 | Compare |
| Birchwood Village | 960 | $156,653 | $461,800 | Compare |
| Grand Meadow | 954 | $68,750 | $169,100 | Compare |
| Buhl | 1,013 | $58,179 | $115,700 | Compare |
| Mazeppa | 948 | $88,929 | $231,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of Morristown, MN is 982 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Morristown?
The median household income in Morristown, MN is $74,479 per year, which is 1% below the national median of $75,149.
What is the median home value in Morristown?
The median home value in Morristown, MN is $175,600, which is 28% 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, MN is $1,152, which is 1% below the national average of $1,163/month.
What is the unemployment rate in Morristown?
The unemployment rate in Morristown, MN is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Morristown, MN a good place to live?
Morristown offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 982 and a median age of 41.6, the city appeals to a broad range of residents.
How educated is Morristown, MN?
9.2% 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, MN: median home value is $175,600 (28% below national), median rent is $1,152/month, and median household income is $74,479. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Morristown?
The poverty rate in Morristown, MN is 10.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Morristown, MN?
Morristown's population is 4.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.4% two or more races. 7.6% of residents are foreign-born.