Morristown, IN, is a city located in Hancock County with a population of approximately 1,400. It is known for its quaint downtown area and friendly community. The median two-bedroom rent cost in Morristown is $980 per month which is lower than the US average of $1,430. The grocery cost index in Morristown is also lower than the US average at 94 compared to 100. This makes it an ideal place for renters looking for affordable living costs. Local companies include Morristown Lumber & Hardware Inc., Country Peddler Restaurant, and Hilltop Lakes Country Store. All three companies are popular among locals due to their warm customer service and quality products/services. With such great employment opportunities and affordable renting costs, Morristown is an ideal place to live for those looking for the perfect balance between work and leisure while keeping their budget in check.
Morristown (zip 46161) has an unemployment rate of 4.0%. The US average is 6.0%.
Morristown (zip 46161) has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Morristown (zip 46161)
- The Sales Tax Rate for Morristown (zip 46161) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Morristown (zip 46161) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Morristown (zip 46161)
- The average income of a Morristown (zip 46161) resident is $31,484 a year. The US average is $37,638 a year.
- The Median household income of a Morristown (zip 46161) resident is $65,568 a year. The US average is $69,021 a year.