Housing costs in Morristown?
A typical home costs
$270,500, which is 20.0% less expensive than the national average of
$338,100 and 12.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Morristown costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 17.0% cheaper than the state average of
$1,240.
Can I afford Morristown?
To live comfortably in Morristown, Minnesota, a minimum annual income of
$51,840 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Morristown?
Morristown, MN is an affordable place to live. The median home price in the city is $104,100, which is much lower than the US median of $184,700. Additionally, property taxes are relatively low compared to other parts of the country and the cost of living index is 9% lower than the national average. This means that goods and services cost less in Morristown than they do in many other places. In general, residents can expect to get more for their money when living in this small town.