Cost of Living in Morristown, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
82.4
100 = national avg
-17.6 vs national average
Living Wage (1 Adult)
$36,258
per year
Living Wage (Family of 4)
$85,700
per year
Cost Index by Category
Housing84.7
Food86.6
Transportation73.1
Healthcare89.3
Utilities88.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,267
per month
2 Bedroom
$1,473
per month
The overall cost of living index in Morristown is 82.4, which is 17.6% below the national average. Housing costs are below the national average at an index of 84.7. A single adult needs to earn approximately $36,258 per year to cover basic expenses.