Cost of Living in Morristown, NJ
| Cost of Living in Morristown, NJ | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 10% lower | 30% higher |
| Utilities (Monthly) | 8% lower | 5% lower |
| Food | 2% lower | 4% higher |
| Healthcare | 8% lower | 0% |
| Transportation | 4% lower | 2% higher |
| Goods & Services | 5% lower | 2% higher |
The cost of living in Morristown, NJ is 6% lower than the state average and 10% higher than the national average. Morristown, NJ housing is 30% more expensive than the U.S average, while utilities are about 5% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 4% pricier in Morristown, NJ than in the rest of the country, while clothing costs around 2% more .
Healthcare services such as doctor check-ups and dentistry cost 0% here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 2% pricier in Morristown, NJ.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Morristown is $2,835, while home prices circle around $655,776.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Morristown, energy bills cost around $191.89 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.69 in Morristown, a dozen eggs go for around $3.49 and a pound of potatoes circles around $4.65.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Morristown, an optometry check-up costs around $102.89, while a dentist appointment is priced $128.53 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.17 in Morristown, while getting your tires balanced will run you about $75.14.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $26.97 here. Meanwhile, a pair of women's slacks will set you back around $29.36.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Morristown, you should budget around $14.67 a month. When it comes to personal services, a haircut usually goes for $29.62, while dry cleaning costs about $17.22.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Morristown, the median household income is $115,409.