Morristown, NJ
Population 20,256 · New Jersey
About Morristown, NJ
Morristown is a mid-sized city in New Jersey with a population of 20,256 residents. The median household income is $115,409 per year, which is above the national average. The median age in Morristown is 34 years.
Housing in Morristown has a median home value of $552,800 and median monthly rent of $2,171. Of the 9,318 total housing units, renting is more common than owning, with 3,213 owner-occupied and 5,694 renter-occupied units.
The unemployment rate in Morristown is 5.0% and the poverty rate is 9.2%. 57.5% of residents hold a bachelor's degree or higher. The average commute time is 24.4 minutes.
Cost of Living in Morristown, NJ
Compared to national averages, Morristown has a median household income of $115,409 (54% above the national median of $75,149). Home values average $552,800, which is 126% above the national median. Monthly rent at $2,171 is 87% above the US average of $1,163. Within New Jersey, Morristown's income is 0% below the state average of $115,667, and home values are 18% above the state median of $469,644.
Why Live in Morristown, NJ?
Morristown offers a strong local economy with a median household income of $115,409, well above the national average, and a well-educated community where 57.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.2%, better than the national average. Additionally, the city features short commute times averaging just 24.4 minutes.
Potential considerations include a competitive housing market where the typical home costs $552,800. However, Morristown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Morristown has a population of 20,256 with a median age of 34 years. Compare Morristown with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Morristown
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Palisades Park | 20,192 | $101,295 | $704,400 | Compare |
| Woodbridge | 20,086 | $99,718 | $361,200 | Compare |
| Pleasantville | 20,604 | $52,403 | $177,700 | Compare |
| Harrison | 19,599 | $82,290 | $450,800 | Compare |
| Hawthorne | 19,472 | $118,093 | $499,200 | Compare |
| Tinton Falls | 19,252 | $113,844 | $458,300 | Compare |
| Elmwood Park | 21,287 | $100,852 | $456,000 | Compare |
| Point Pleasant | 19,158 | $108,713 | $523,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
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, NJ?
The population of Morristown, NJ is 20,256 according to the latest Census data.
What is the median household income in Morristown?
The median household income in Morristown, NJ is $115,409 per year.
What is the median home value in Morristown?
The median home value in Morristown, NJ is $552,800.
What is the average rent in Morristown?
The median monthly rent in Morristown, NJ is $2,171.
What is the unemployment rate in Morristown?
The unemployment rate in Morristown, NJ is 5.0%.