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Morristown, NJ 07960 has a population of approximately 45,023 and experiences a population change rate of 3.72%. The population density is 1,285.9 / sq mi .
The median household income for Morristown, NJ 07960 is $147,949, with 18,312 households and an average household size of 2.45.
The median value of a home in Morristown, NJ 07960 is $703,500 with an appreciation rate of 12.10%. 58.92% of housing in the state is owned while 36.40% is rented.
The cost of living in Morristown, NJ 07960 is 178.6 %.
The unemployment rate in Morristown, NJ 07960 is 2.50%, and recent job growth is at 2.76%. Future job growth is projected at 47.23%.
The sales tax rate in Morristown, NJ 07960 is 6.63%, while the income tax rate is 5.53% .
School expenditures in Morristown, NJ 07960 are $25,345, and the school ratio is 10.9:1.
The average high temperature in July is 84.8 degrees, with an average low temperature in January of 19.6 degrees. The average rainfall is approximately 50.8 inches per year, with 26.1 inches of snow per year.