Morristown is a city in New Jersey state in USA with a population of 19065 residents.. The poverty rate of Morristown is 8.8%, which is 37% lower than national average. The typical household in Morristown earns $111130 a year, compared to the national median of $67,500. Nearly 21.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Morristown, only 92% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Morristown remained 4%, which is 15% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Morristown, only 58% of adults have a bachelor's degree and 14% have some college but no degree.

Cost of living in Morristown is 137, which is 37% higher than national average. Median home value in Morristown is $479100 , which is 108% higher than national average. While median income in Morristown remained $111130, which is 65% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.