Cost of Living in Morristown, IN
Housing
The housing market plays a significant role in determining the cost of living in Morristown, IN.
- Housing Index: Data is updating
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Morristown, IN, the housing market shows a median home price of 150000. The housing index of 0.0 indicates a potentially unstable market, as it stands at 0. This figure suggests little to no activity or affordability concerns when seeking housing solutions. With both average rentals for a 2-bedroom apartment and a house reported at 0.0 and 0.0, respectively, residents may find purchasing a home more financially viable. Buyers should consider neighborhood amenities and potential future growth before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Morristown, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Morristown, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable 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.