Morristown is a city in Tennessee state in USA with a population of 29887 residents.. The poverty rate of Morristown is 27%, which is 93% higher than national average. The typical household in Morristown earns $33511 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 67.2% 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 79% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Morristown remained 9%, which is 91% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Morristown, only 15% of adults have a bachelor's degree and 26% have some college but no degree.

Cost of living in Morristown is 85, which is 15% lower than national average. Median home value in Morristown is $119500 , which is 48% lower than national average. While median income in Morristown remained $33511, which is 50% lower than national average.