Cost of Living in Morristown, AZ
Housing
The housing market plays a significant role in determining the cost of living in Morristown, AZ.
- Housing Index: 115.0 / 100
- Median Home Price is: $295,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1920 per month
Analyzing the housing market in Morristown, AZ, we find a housing index of 115.0, indicating prices are moderately elevated compared to the national average. The median home price stands at $295000, which is a significant investment. Rental options are priced at an average of $1800 for a 2-bedroom apartment and $1920 for a comparable house, hinting at a competitive rental market. If you're considering a move, evaluate your budget against these numbers to ensure comfortable living without financial strain, especially in a rising market like this one.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Morristown, AZ.
- Electricity Price: $15.14 USD (median by state)
- Natural Gas Price: $23.51 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Morristown, AZ could entail higher utility costs. Electricity costs sit at $15.14, while natural gas is priced at $23.51 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Morristown is a financially viable option for your relocation.